We believed that we could have the business running in just six months, but we took nine months to achieve this. It took us 18 months for the process to get to the level we wanted to operate at. We're still at 80percent.
Our enthusiasm began early. The first venture we launched was an arduous task. We had no idea the number of steps that we would need to take to establish the venture capital fund. Now we know , because we have codified it. The answer is at least around 210. And while there's probably several other steps we'll must add to that list, we're pretty certain this is near the minimum number.
Do you doubt this number? We've made our list accessible for anyone to check out here. We've gathered all the lessons we've learned and developed a lot of code to improve the creation of investment vehicles - thanks to First Degree Global Asset Management, MAS licensed fund managers. You can schedule a session with us.
We have combined our resources to develop a system that reduces the time required to design investment vehicles and build operational support. This can be done in just a few days or hours. What is operational support? Operational support is simply the ability to:
Start a site.
Choose from a variety of fund structures
Include a licensed and experienced administrator of external funds
add an administrator to the fund (or choose from a list of administrators)
Select the firm that you prefer
Designate directors and advisors
tap into a global deal origination network
Create an automated deal evaluation process
Establish an investment committee
AML and KYC check
Interact with users who are using several languages and currencies
AI can be utilized to carry out basic analysis of DD
enable stakeholder access to your portfolio
Automate the accounting of funds and report generation.
Yes, we do. It's kind of amazing to provide this level of functionality in just a few hours or even days. The first step in automating a process systematically is to manually complete it several times. Note down what you have learned.
We've completed it and the notes are no longer in existence These are the documents which were designed to facilitate easy, fast automated creation of investment vehicles. Additionally, they facilitate the commercialization Hatcher+ Venture-As-A-Service Technology ("VAAST") - the multi-award winning technology, data analytics platform which cuts the length of the year to just a few days.
This platform is built for massive scale. On October 1 2021 we'll be able adding clients who are the Pilot Partners. If you're a multi-family office or wealth manager, a private bank, or an advisor in the financial industry looking to enable a private investment vehicle for your clients using an approach that's fast and efficient, as well as complete, let's talk.