We believed that we could have the business running in just six months, but we took nine months to get there. It took us 18 months to complete the process to reach our desired level of operation. We were still only at 80%.
One of the main reasons behind our initial optimism? The first venture we launched was an arduous job. We were unaware of the number of steps that we'd need to complete in order to set up a venture capital fund. Now, we know since it's been codified. There are at most at least 210 steps. And while there's probably a number of other steps we'll need to add to that list, we're sure that's close to the minimum count.
Do you doubt the number? We've got our entire list of the top 10 here. We've gathered all the lessons we've learned and created a ton more code to help improve the design of investment vehicles - thanks to First Degree Global Asset Management, MAS licensed fund managers. Set up a session with us
Our combined resources have allowed us to create a process which can reduce the time required to create an investment vehicle, and build up operational support. It takes just a few days to accomplish this. Perhaps even hours. What is operational support? What does operational support mean?
Create a website and an operating platform
Pick from a variety of fund structures
Include an experienced, fully-licensed, external fund manager.
Create a fund administrator, or choose from a list of administrators
Include your preferred audit firm
Appoint advisors and directors
tap into a global deal origination network
Automate the process for analyzing deals
Create an investment committee
Perform KYC and AML checks?
Interact with users who are using different currencies and languages
Use AI for basic analysis and DD
Your portfolio must be accessible to stakeholder parties
automate fund accounting, reporting as well as other manual processes
Yes, indeed. It's incredible that we can achieve this level of functionality within a matter of hours or days. However, the first step to any automated procedure is to experience the pain of doing it repeatedly - and record notes.
We've now finished this and the notes are no longer notes They now comprise documentation entries above our codified methods for enabling the quick easy, automated development of investment vehicles and the commercialization of the Hatcher+ Venture-Asa-Service Technology ("VAAST") platform - a multi-award winning technology platform that lets a year's worth of time be reduced to a couple of days.
This platform has been built to facilitate serious scale. From October 1st, 2021 onwards, we will be expanding our list of pilot partners to accommodate new customers. Contact us if you're multifamily or bank manager, wealth manager or financial advisor looking to set up private investment vehicles for your clients. This is an efficient, fast, and complete process.