We thought we would be operational within six months, however we took nine months to get there. We ended up spending eighteen months to reach our desired stage. At the time we were only at 80percent of our activities were in place.
Our optimism began early. Our first venture was a difficult undertaking. We had no idea the number of steps that we'd have to follow in order to set up a venture capital fund. We know now since we've codified the procedure. It's at least 220. We are aware of the numerous steps that must be added to this list, but we believe that the minimum number should be at minimum 210.
The amount of entries is staggering! Look at our list. Even better, we've taking our lessons and crafted a lot of code and have created an easier method to create investment vehicles by utilizing certified fund managers who are MAS-licensed. First Degree Global Asset Management.
Our collective resources have enabled us to create a process which can reduce the time required to create an investment vehicle and establish operational support. It takes a few days to do this. It could take hours. What exactly is operational support? We're referring to the ability:
You can create a website.
Select from a range of different fund structures
Incorporate a licensed and experienced manager of funds from outside
Choose from a list of admins or add an administrator to your fund manager
Include your selection in an auditing firm
Nominate directors, advisors, and directors
tap into a global deal origination network
Set up an automated process for deal analysis
Establish an investment committee
Perform KYC and AML checks?
interface with users using different currencies and languages
AI can be utilized to perform basic analysis of DD
Access your portfolio to stakeholder
Automate fund accounting, report generation, or other manual functions
Yes, we do. It's amazing that we can deliver this level of functionality within a matter of days or hours. To automate a process in a systematic manner, you must first undergo the hassle of repeating it manually as well as take notes.
We've done it now, and those notes don't anymore exist They are just the documents that were made to enable the quick, simple, automated creations 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 to scale up. On October 1 2021 we'll be able adding clients to the Pilot Partners. We'd like to discuss with you if your multi-family business or wealth manager, private banking or financial advisor are interested in creating private investment vehicles for their clients. The process we use is simple efficient, thorough, and easy.