When we first set up the H2 fund, we believed that we'd have it operational in a span of six months - 9 months maximum. We needed 18 more months to get to the desired degree of readiness, and we were still only 80% complete.
One of the main reasons behind our initial optimism? The first venture we launched was an arduous task. We were unaware of the number of steps that we would need to take in order to set up the venture capital fund. We now know - since we've codified it , and we're at minimum 210. Although there may be additional steps to add to that list we are pretty certain that this is close to the minimum.
You don't believe this number? The list has been made public for anyone to view. We've taken all our learnings and created an abundance of code to enhance the creation of investment vehicles. Thanks to First Degree Global Asset Management, MAS licensed fund managers.
Utilizing the expertise of our teams we've created a system to speed up the process needed to create an investment vehicle and build up operational support from days to months or even hours. What is operational support? What does operational support mean?
Create a site.
You have the option of choosing from many different fund structures
Add an experienced, fully-licensed external fund manager.
Add a fund administrator or choose from a variety of administrators
Include your preferred audit firm
Designate advisors and directors
tap into a global deal origination network
Create an automated procedure to analyze deals
Start an investment committee
Do KYC and AML checks
Interface with multiple languages and currencies.
AI can be used to perform basic analysis of DD
Let stakeholders have access to your portfolio
Automate fund accounting and reporting.
Yes, we know. It's incredible to think we could provide this kind of functionality in a matter of hours or days. In order to automate a procedure in a systematic manner first, you have to endure the pain of performing it manually over and over again - and make notes.
We've now finished that and those notes have been removed - they now comprise the documentation entries above our codified methods that allow for the rapid and simple, automated creation of investment vehicles and the commercialization of the Hatcher+Venture-As-As-A- ("VAAST") platform - a multi-award-winning technology platform and data analytics that lets a year's worth of time be compressed into a handful of days.
This platform was created to enable serious scaling. From October 1st 2021 we'll be expanding our list of pilot partners to accommodate new customers. We'd like to discuss with you if your multi-family business or wealth manager, private banking, or financial advisor is interested in enabling private investment vehicles to their customers. Our process is fast, efficient, complete and easy.