Good afternoon, Cadi Family,
I hope this letter finds you in good health and high spirits. As we near the end of 2023 Q2, I am pleased to provide you with an update on our company's progress and Performance. This period has been eventful, marked by noteworthy achievements, and I am confident that we will finish the year strong.
In this email, I would like to address the following points:
Crowdfunding results: Cadi raised over $381,000 from 264 investors in just four months, bringing our total raised to over $2.5 million from more than 2,200 investors. We allocated $95,000 for advertising, $35,000 for Dealmaker fees, $20,000 for a marketing agency, and employment fees. Crowdfunding requires constant attention and refinement for success, and we have achieved our third consecutive successful round.
Closing a round takes approximately 90 days, considering filings and built-in delays for investors, which affects the speed of capital disbursements to the company. Cadi received most of the net capital raised this week, and the transfer agent will soon distribute the shares and bonus shares. I will continue to communicate updates through email.
Financial Performance: I am pleased to report that our financial Performance in the past quarter has been on an upward trajectory. We experienced a significant 25% increase in revenue over the last 31 days. Our efforts to increase revenue by expanding our customer base and launching successful products have contributed to this achievement. Cadi earned $109,000 in revenue from all our channels last month. However, our access to inventory capital currently limits us, and we aim to improve our product margins with a lower cost of capital and increased inventory access.
Operational Highlights: As we near completion of the Warehouse Management System (WMS), we have developed systems to manage our various selling channels. This process has provided valuable learning and accomplishments. Matt has successfully implemented improved procedures and strategies that will be integrated into our WMS, resulting in seamless revenue growth.
Recent Projects: Our focus has been on the WMS project, a crucial system that enables Cadi to scale. Additionally, we have been working closely with our operations and financial advisor, Scott Di Valerio, who has provided strategic direction and financial modeling expertise. We have dedicated time to develop pitches, design graphics, and articulate our vision and path to success. While this has been valuable, we acknowledge that progress can sometimes be hindered.
Product Development: Finalizing the funding round and transitioning and consolidating our development teams have presented challenges this month. We are transitioning from our South American team to our warehouse and WMS team, and securing the tech stack has demanded attention, resulting in a slower transition. However, this transition is expected to commence this week, allowing us to make progress.
The near completion of the warehouse management system, the backbone of our product, is a significant milestone that will facilitate the onboarding and management of products on Cadi.io. This development will drive our progress in the marketplace.
Cadi Kiosk Relaunch: We are actively planning a kiosk tour, starting on the west coast in the summer and moving towards Nashville to Florida for the winter season. We have invested in the payment platform and necessary features for a summer launch.
Cadi is focusing on the west coast in these markets: Seattle, Bay Area, Portland, Los Angeles, Orange County, CA, San Diego, and Spokane, WA.
We will keep you updated as more information becomes available.
The second kiosk is finalized and will be sent to the USA soon. We are excited about the opportunities this presents.
REMEMBER, We have a special going for all investors. Sign up for Cadi's annual membership, Cadi PLAY, and receive $79 in Cadi Cash to use throughout the site. Engagement is an important metric of our relationship with our partners. Sign up at Cadi.io.
We have reduced all the prices of our MERCH and GOLFBALLS.
In conclusion, I am grateful for your continued support and confidence in our company. Our success is a testament to our dedicated team's collective efforts and our investors' unwavering support. We are committed to delivering value and achieving sustainable growth as we move forward.
If you have any questions or require further information, please do not hesitate to reach out to me. We appreciate your ongoing partnership and look forward to sharing further updates in the coming months.
As always, Go Cadi!
Tyler Gottstein & Matt Ahrens
It's an exhilarating time for golf as the sport experiences a renaissance, signaling a shift away from the old guard towards a new era.
In this blog post, we take a closer look at the remarkable strides Cadi has made since December 15th. From assembling a powerhouse team of software experts to orchestrating a major office relocation and bolstering our financial stability, we share the highlights of our recent accomplishments. Join us on this exciting journey of growth, innovation, and determination as we unveil our path to success.
Considering investing? Here are THREE REASONS WHY YOU NEED TO INVEST TODAY.
A convertible note is excellent for offering great valuation caps desired by investors.
Cadi is building an advisory board and we want you!
This is why you should be excited about your investment in Cadi. AI is accelerating the transformation to digital retail.
I am ready to define entrepreneurship through toughness and resilience in this weekly update.
Are you interested in Investing? Use the links enclosed in this email to partake in Cadi's next bridge round.
Tyler shares an intimate reflection on his health journey, emphasizing the unforeseen mental challenges he faced during recovery.
Everywhere you look, there is an opportunity to spend money that does not progress the business. We want to survive.
Like the old farmer Chinese proverb, when problems happen, is it good luck, bad luck? Who knows.
Cadi kiosk update from Seattle.
Today, I wanted to make a bold proclamation. Cadi will have an exit & will transform consumer experiences.
A defined Infrastructure and/or network has created the greatest business in the USA. Such businesses as UPS, AT&T, Bridgestone, and Bank of America.
Cadi is fighting to change golf's industry standards and in turn, transform the purchase experience.
The plan will focus on what matters to us—a disruptive distribution network creating game-changing consumer experiences.
Channeling our inner Athletic Director to become Branding KINGS.
Visit Cadi Kiosk at Jefferson Park GC. We are up and running!
Navigating Challenges, Embracing Triumph: A Shareholder Update
Cadi Relaunches a proprietary Kiosk in Seattle, WA, at Jefferson Park Golf Course with the vision of transforming golf distribution in the Pacific Northwest.
Cadi Kiosk is heading back to the course. Here is an update on the decision-making that goes into the relaunch.
Successful Founders are persistent. The Cadi WMS system is nearing completion.
Dear Potential Investor, I hope this letter finds you well. As you may have seen, our equity crowdfunding round is ending Saturday April 29th, and this may be your final chance to invest in Cadi and be...
Cadi has an immense interest in Cadi Kiosk from golf courses and entertainment facilities. Cadi adds 24 LOIs in key markets.
Mobile digital retail experiences WILL dominate in-store experiences. Here are my thoughts....
Founder disagreements are the #1 reason businesses fail. Cadi is blessed with a founding team for the long haul.
Questions on the Cadi Campaign? This blog has all of Cadi's most frequently asked.
Here are the four innovations that connect the digital shopping experience to the Real World. This connection is what will create a game-changing experience.
February was a great month of success and challenges. Please read about our top 5 wins of February. A month we will never forget.
Cadi's new marketplace, CADI.IO adds new 2023 drivers from TaylorMade, Callaway, and Titleist. Try TWO products for up to 21 days now for only $25.
Birthdays are for appreciating life. Thank you to everyone that sees the Cadi vision and supports the mission. Nothing will stop Cadi. Cadi is still offering bonus shares. Invest today to take advantage.
Cadi is a data company. Cadi is profiling every user on our site. Cadi uses data and usage to fit Golfers using AI, which delivers a Cadi Fit score based on golfers like you. The amount of data Cadi will own will change the entire industry.
Cadi is transforming where commerce happens using autonomous distribution and a mobile marketplace.
Cadi kiosk's first patent was published on Jan. 17th, 2023. This is a huge moment for Cadi.
Join Cadi at the 2023 WM Open 2/8-2/12. Cadi is celebrating and everyone is invited. PLUS All Investors over $5k receive two VIP passes. Don't miss out.
Tyler layout's out Cadi's big New Year's Resolutions. Cadi's 2023 goals include an exit or significant partnerships, building community, increasing network, and onboarding new employees.
Tyler explains why now is the time to invest in Cadi. In 2022, Cadi has how our patent granted, completed V1 of our technology stack, gather big interest from essential players, and even maintained a unique approach from competition.
Update: Cadi is in discussions with golf entertainment venues and driving ranges
Cadi tracks inventory from source to sale, knowing where our inventory is as it moves through the warehouse, into transit, arrival at our kiosk system, and in customer's hands. This allows us to collect powerful data.