When we first set up the H2 fund, we believed that we'd be up and running inside of six months, or nine months at the most. It took us eighteen months to get to the desired level of operations and, at that time, we were only 80% ready.
Our excitement began in the early days. When we first started the venture fund we didn't know how many steps there were. Now, we know since it's been codified. There's at least at least 210 steps. Although there may be additional steps to add to the list, we're pretty sure that this is close to the minimum.
Are you skeptical about the numbers? Find our entire list of the top 10 here. Even better, we have utilized our learnings and created a large amount of code, and created a better way to create investment vehicles. We've used First Degree Global Asset Management, MAS-licensed fund mangers.
Our collective resources have enabled us to create a process to reduce the time it takes to set up an investment vehicle, and create operational support. It can take a few days to do this. Or even hours. What do we mean by operational support? In short it's the ability to:
create a website and operating platform
pick from a variety fund structures
Include an experienced, fully-licensed, external fund manager.
Add a fund administrator (or select from a range of administrators)
Include your preferred the audit firm you prefer.
Nominate directors and advisors
tap into a global deal origination network
Create an automated procedure to conduct deal analysis
Set up an investment committee for investment.
Do KYC as well as AML checks
Interface that allows users to use different currencies and languages
AI is utilized for analysis and for DD basics
Your portfolio should be accessible to all stakeholder groups.
Automate the process of fund accounting, reporting and other manual tasks
Yes, we can. It's amazing to think that we could provide this kind of functionality within a matter of days or hours. In order to automate a procedure in a systematic manner it is necessary to go through the pain of repeating it manually - and make notes.
We have now completed the process and these notes are no more notes They now comprise documentation entries above our codified methods for enabling the quick, easy, automated creation investment vehicles and commercialization of the Hatcher+Venture-As-As-A- ("VAAST") platform - a multi-award-winning technology platform that allows for a whole year's duration to be reduced to a couple of days.
This platform is designed for serious scale. Also, on the 1st of October 2021 we'll be able to add clients who are our Pilot Partners. We'd love to talk with you if you're a multifamily or bank, wealth manager or financial adviser who wants to establish private investment vehicles for your clients. This is an efficient, fast, and complete process.