We thought we would be up and running within six months, however it took us nine months to achieve this. The process took us eighteen months to reach the desired level of operations and, at this time, we were only 80% ready.
One reason for our early optimism was? We didn't know how many steps were needed to create an investment fund when we started out. We are now aware of the number of steps needed to establish a venture fund. While there are likely several more steps to include, we think that this is the minimum number.
Are you skeptical about the number? We've made our list accessible to anyone who wants to check it out here. We've gathered all the lessons we've learned and created a ton more code to enhance the creation of investment vehicles. Thanks to First Degree Global Asset Management, MAS licensed fund managers. You can schedule a time with us
We have merged the expertise of our teams and have come up with a system to reduce the time it takes for an investment vehicle to be created and to build operational support. The process can be completed in as little as a few hours or days. What exactly is operational support? Operational support refers to basically the capability to:
You can create a website.
You can pick from a variety of fund structures
Add an experienced, fully-licensed, external fund manager.
Add an administrator for the fund (or choose from a list of admins)
Choose an audit company
Designate directors, advisors and other officials.
tap into a global deal origination network
Establish an automated deal evaluation process
Create an investment committee
Perform KYC and AML checks
Interface with users who speak multiple languages or currencies
AI can be used for analysis and basic D
Your portfolio should be available to all stakeholder groups.
Automate accounting and reporting for funds.
We know. It's amazing to think that we can deliver this level of functionality in a matter of hours or days. The first step in automating a process systematically is to do it manually numerous times. Take notes.
After we've done that, those notes are no longer notes. They now serve as documentation entries for the codified procedures we developed to facilitate the quick, easy automated creation and commercialization Hatcherand Venture-As-As-A-Service Technology ("VAAST") platforms. This platform, which has been awarded multiple times, is a multi-award winning and data analytics platform, allows for a year's time to be reduced to a couple of days.
This platform has been built to allow for massive scale. Beginning on October 1, 2021 onwards we'll expand our pilot partners' network to include new clients. Let's chat if you are a multi-family bank or wealth manager or private financial advisor who is looking to set up private investment vehicles for clients. It is a fast, efficient and complete process.