We believed that we could be operational in six months, but we took nine months to achieve this. It took us eighteen months to reach the desired level of operations - and, at this time, we were only 80% ready.
Our optimism began early. At the time of our first venture, we didn't know how many steps would be required to create the venture fund. We know now - because we've codified it , and the answer is at least the number 210. While there could be more actions to be added to the list, we're pretty confident that it is close to the minimum. You can schedule a time with us
Do you doubt this number? Take a look at our list. The best part is that we have combined all our learnings with a bunch of code to develop the most efficient method for creating investment vehicles - and this was made possible by First Degree Global Asset Management (MAS-licensed funds managers).
Our combined resources have allowed us to create a process which can reduce the time required to create an investment vehicle, and establish operational support. It takes just a few days to accomplish this. Perhaps even hours. What is it that means to provide operational support? It's the ability:
Start a site.
choose from a range of options for fund structures
add an experienced, fully-licensed, external fund manager.
You can add a fund manager to your portfolio, or choose from among a variety of administrators.
Choose your preferred audit firm
Nominate directors and advisors
tap into a global deal origination network
Create an automated procedure to conduct deal analysis
Establish an investment committee
AML and KYC check
Interface with users who speak different languages or have currencies
AI can be utilized to perform the basic analysis of DD
Your portfolio must be accessible to all stakeholder groups.
Automate accounting and reporting for funds.
Yes, indeed. We can do this in a matter of hours or days. It seems almost unbelievable. It is crucial to first experience the pain of performing the same thing over and over again before you can automate it.
It's done now and the notes are no longer in existence These are the documents that were created to allow the quick, simple, automated creations of investment vehicles. Also, they enable the commercialization of the Hatcher+ Venture As-A-Service Technology ("VAAST") - the multi-award-winning data analytics platform that cuts the length of the year down to a mere few days.
The platform was designed for massive scale. Also, on the 1st of October, 2021 we'll begin to add clients to our Pilot Partners. We'd love to talk with you if you're a multi-family bank or wealth manager, private bank or financial advisor who is looking to set up private investment vehicles for your clients. It's a quick, efficient and complete process.