Get rewarded for investing more into Cadi:
Overview
Cadi is transforming the traditional golf industry with the first autonomous solution built for golfers. You can now demo clubs right on the course whenever you want. When you find the perfect club, it can be purchased instantly through our self-service kiosk and e-commerce platform. There are no salespeople and no hassles, just golfers with freedom to play the newest equipment. Our team and technology are paving the way for a new hybrid omnichannel that changes how golf products are sold and distributed for years to come.
Currently, Cadi's Application and eCommerce platform are in development phases. The physical Cadi Kiosk is currently available on the market.
GIF 1
The Problem
Today, the only two options to purchase products are visiting a traditional retail store or buying online. Now we are seeing the world change as the COVID-19 pandemic accelerates the shift to more online shopping than ever before. This shift significantly threatens sporting goods because many products, such as golf clubs, we believe are not best sold online.
The above stats are from internal research
Golfers need to feel and demo products they wish to buy online. Unfortunately, the majority of golf courses do not effectively sell golf products. The current retail experience only offers unrealistic indoor trials or infrequent demo days. It is no surprise that 90% of golfers prefer to demo products on a golf course or driving range before buying equipment. The result is two-thirds of customers are unhappy with their purchase within 14 days with no option for money back.
In the modern retail world automation is no longer a choice, it is a necessity. Cadi is building the solutions...
The Solution
Currently, Cadi's Application and eCommerce platform are in development phases.
Cadi’s platform is the combination of an autonomous, patent-pending kiosk and an integrated online marketplace. We combine the best of online shopping with the benefits of traditional retail stores. Currently, Cadi's Application and eCommerce platform are in development phases. The physical Cadi Kiosk is available on the market.
Gif 2
The physical Cadi Kiosk is currently available on the market.
Our technology leverages a golfer’s most desired location, golf courses, to create a network of kiosks. Our kiosks give golfers the freedom to demo, compare, and purchase products at their convenience. Cadi uses Big Data and Artificial Intelligence to curate product selection and create a personalized experience for each customer.
Gif 3
This is a demo
Cadi’s online marketplace gives golfers 24/7 access to our platform. A fully connected omnichannel means golfers can interact using any device from any location.
What We Do
Cadi uses the best of e-commerce and product demos to create an entirely new retail experience. Our omni channel platform allows you to shop from any device then visit your local course to demo products. You can be playing with golf’s top brands and newest equipment at the push of a button.
The physical Cadi Kiosk is currently available on the market.
Cadi makes it extremely simple to purchase when you are ready. Whether online or in-person, Cadi leverages golf courses to create micro fulfillment centers that fulfill on-demand orders and expedite shipping for online orders. It is instant gratification like the golf industry has never had before.
gif
STEP 1: SHOP 24/7 using your mobile phone or computer.
Currently, Cadi's Application and eCommerce platform are in development phases.
GIF
STEP 2: PICK-UP from your local Cadi kiosk.
The physical Cadi Kiosk is currently available on the market.
GIF
STEP 3: PLAY on any course or range.
gif
STEP 4: BUY the perfect clubs.
Our Traction
To date, Cadi has sold products to over 6,000 customers. We have surpassed $1M in gross sales over the past 18 months and double sales from 2019 to 2020, year to date. Our hope is that our next funds will lead to faster expansion and higher growth in 2021.
The physical Cadi Kiosk is currently available on the market.
We have 63 courses signed up to deploy our technology. This equates to significant potential recurring revenue and access to 250,000+ golfers annually. We secured strategic partnerships with leading golf course operators and equipment manufacturers. We are granted exclusive access to locations, customers, and inventory supply. Cadi is currently in conversations with more potential partners and venues we hope to announce soon.
GIF4
The Market
We recognized that the golf industry is heavily concentrated with little innovation for the past 20 years. Top retailers are either traditional brick and mortar or exclusively e-commerce. No clear leader in the market is seamlessly integrating physical and virtual shopping. This is a large and fast-growing opportunity. Cadi has significant advantages with patent-pending technology and a first-to-market strategy.
These are not actual locations that currently exist. The physical Cadi Kiosk is currently available on the market.
Our target kiosk locations are high-traffic public courses in areas with low seasonality and a high density of courses. 80% of all golf courses in the U.S. are public golf facilities, the industry’s “forgotten retail channel” where we aim to expand. We are also pursuing opportunities at entertainment venues, driving ranges, and new-age shopping malls. With the popularity of venues such as TopGolf, golf is seeing record rounds of play and increasing participation at all levels.
The Business Model
We offer two primary revenue sources: membership subscriptions and product sales. Cadi will offer a subscription plan, popularized by Amazon Prime, that unlocks benefits and service only available to Cadi members. Our benefits and long-term value to golfers come from leveraging our kiosk locations and unique relationships with courses and suppliers.
The Online marketplace and the monthly membership fee is in development and has not launched. The Cost of Kiosk is an estimate and may change in the future.
GIF
How We Are Different
Cadi’s platform is built for Big Data. Big Data powers order fulfillment from kiosks all over the country. We continuously analyze the data to learn customer behaviors, sell more products and deliver game-changing logistics not seen in golf retail. That data is shared with product manufacturers to create stronger partnerships and even better experiences for members.
The physical Cadi Kiosk is currently available on the market.
Patent-Pending Kiosk Technology
Cadi’s intellectual property protects the most important features of our kiosk. Our proprietary technology tracks inventory from sourcing to selling. Cadi has complete visibility of products as they move anywhere through the supply chain.
The Vision
We believe Cadi is positioned to be a global leader in sporting goods and capitalize on the accelerated shift to automation in retail. Our goal is that by 2025, Cadi will have over 1,000 installed locations with full connectivity to our online marketplace.Our hope is that Cadi’s membership will thrive with a strong community of over 1 million members. We believe that once Cadi has been installed on a golf course it will be difficult for any competition to replace our platform.
GIF
In the future, Cadi will expand our product offering to other comparable sporting goods industries such as tennis, baseball, hockey, skiing, and biking. Cadi’s technology platform is gearing up to serve and thrive in the $126 billion recreational sports industry.
OUR LEADERSHIP
Our CEO, Tyler Gottstein, and co-founder, Matt Ahrens, are leading this golf retail revolution. Each brings valuable experience in logistics, finance, automation, entrepreneurship as well as a deep love for sports.
The physical Cadi Kiosk is currently available on the market.
Our core team is experienced in developing and implementing consumer technologies at scale. We proudly work with a team that is passionate about building solutions that connect golfers with products they love and the experience they deserve.
Why Invest
We invite you to join us on our mission to revolutionize the golf retail landscape as we know it today. The Cadi team is prepared to take this business to the next stage, expanding our technology and positively impacting recreational sports.
We hope you will ride along with us as we introduce our platform to the world and reshape the way golf products are purchased and sold forever.
Company | : | Cadi, Inc. |
Corporate Address | : | 2032 Convent Place, NASHVILLE, TN 37212 |
Offering Minimum | : | $9,999.65 |
Offering Maximum | : | $1,069,998.67 |
Minimum Investment Amount(per investor) | : | $248.97 |
Offering Type | : | Equity |
Security Name | : | Class B Common Stock |
Minimum Number of Shares Offered | : | 23,255 |
Maximum Number of Shares Offered | : | 2,488,369 |
Price per Share | : | $0.43 |
Pre-Money Valuation | : | $10,051,685.59 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Early Bird
Friends and Family - First 72 hours | 15% bonus shares
Super Early Bird - Next 72 hours | 10% bonus
Early Bird Bonus - Next 7 days | 5% bonus shares
Volume
Tier 1 perk - ($500 + perk 1)
Tier 2 perk - ($1000 + perk 2)
Tier 3 perk - ($5,000+ perk 3)
Tier 4 perk - ($10,000+ 5% bonus shares + perk 3)
Tier 5 perk - ($25,000+ 10% bonus shares + perk 3)
Tier 6 perk - ($50,000+ 15% bonus shares + perk 3)
Perk 1- Join the team: 202 Cadi Hat, Subscription to Cadi monthly newsletter, and access to the quarterly updates.
Perk 2- Founders Club: 20% off first order plus all Perk 1 benefits.
Perk 3- Owners Club: Free 2021 Driver from TaylorMade, Callaway, Ping, or Titleist. plus all Perk 1 benefits.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Cadi, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class B Common Stock at $0.43 / share, you will receive 110 shares of Class B Common Stock, meaning you'll own 110 shares for $43. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
We have passed $500k. This is significant because very few companies reach the $500k milestone. Before launching, we set a goal of $500k as the benchmark of success. We were confident we would accomplish this goal.
What we didn't expect was the amount of attention we would receive. The response has been incredible. We are inundated with investor inquiries, partnership requests, and requests for employment. The result was over $250k raised in February. We are blown away by the support and increasing momentum. To everyone that invested, thank you for believing in Cadi's vision. This is only the start.
If you haven't invested, this is the time. We expect to raise this second half of our goal in record time.
Thanks again,
Tyler Gottstein
Cadi’s autonomous technology is a perfect fit for entertainment venues. Cadi has discussions to bring Cadi to the leaders in entertainment golf. Why are we excited about these potential partnerships? We share the same values. Cadi strives to make golf more inclusive to new golfers while bridging the knowledge gap with our data-based systems. Cadi is transforming non-retail space into a powerful retail experience using our autonomous technology. Entertainment golf venues have successfully changed golf for the better by simplifying the game and making it easy for players of all skill levels.
These entertainment golf venues have over 12m customers, most of which are not avid golfers. There are opportunities to help these golfers transition to golf on the golf course by making it easy to demo and buy golf equipment. We believe entertainment venues can become the chosen destination for all new golfers looking to buy golf equipment. Look out for a Cadi collaboration with entertainment venues soon.
Thanks,
CEO and Co-founder
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Cadi has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Cadi be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
One of our most commonly asked questions is about the relationship dynamic between pro shops and Cadi. Most of these comments are usually critical of Cadi because they do not account for golf's current market conditions.
Cadi focuses on public golf courses, entertainment venues, and driving ranges. There are over 10,000 public golf courses in the United States. The majority of these facilities were hurt, and still are, by the creation of golf's big-box retailer in the early 2000s and the emergence of eCommerce. Today, most public golf facilities do not sell equipment because they could not compete with these other channels. Golf courses have no desire to hold inventory, receive poor pricing terms from OEMs, and suffer from limited customer demand. Golf professionals focus on their core business which includes rounds, buckets, and teaching.
Cadi and the golf course are the perfect partners. Cadi offers golf equipment and product selection that is not offered in the modern-day pro shops. Cadi can offer better pricing, perfect the logistics, and manage full inventory volumes. Cadi is building a community of golfers and venues that empower the golfer and the golf course. We revenue share with the course as well, and that revenue goes directly to the bottom-line.
Fun Fact: In 2019, Cadi launched their prototype kiosk in Orlando, Florida, during the yearly PGA show. By the end of the Central Florida golf season, Cadi kiosk technology operated at a 99.9% success rate and didn’t have a failure in the last 60 days of testing.
Have a great weekend,
Tyler Gottstein
Cadi has raised $300,000. I wanted to take a moment to thank all our investors and followers that believe in Cadi. We have been able to get our story out to more people, and it is resonating. We are gaining steam. We have been zooming by our fundraising milestones quicker each time.
We are appreciative of every one of the 367 investors that have invested in Cadi. You are at the forefront of the retail revolution, and the timing is right for Cadi to be a disruptive leader in Golf. We are dedicated to making significant steps forward in 2021.
Once again, I ask that you share Cadi's campaign with your innovative friends and co-workers. We want to continue to push for our goal of $1m. For the most current information on Cadi, please follow our Facebook (@cadikiosk) and Instagram (@cadikiosk).
Thanks again!
CEO and Co-founder
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Cadi has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Cadi be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
I wanted to take a moment to answer a commonly asked question. What brands does Cadi carry, and are they new or used?
Cadi carries the biggest brands in golf. Cadi carries Callaway, TaylorMade, Titleist, Cobra, Cleveland, and even Scotty Cameron. We are very selective on what we put in our kiosks because we want to make sure every product in the kiosk has strong demand and increases the experience value. We like to say we have the latest and greatest in the industry. We also want to offer a range of clubs for every golfer. Cadi's focuses on products that have been released within the last three years. So regardless of the user's desired price point, there is a high-end product in our platform for everyone.
Cadi offers both demo and new clubs. The user can buy the actual demo club they were using or exchange it for a new model. If we do not have the New model in the kiosk, it will be directly sent to their house. Cadi offers a dynamic pricing model on demo products. The more the club is used, the lower the asking price is.
During our testing, we found that the most demanded products were drivers and putters. The experience of trying all the latest drivers in a unbiases setting is unmatched. The golfer can compare the different feels between a high-priced Scotty Cameron and a lower-priced putter model.
Fun Fact: In 2019, Cadi had a 33% sales conversion on all users that tried our prototype kiosk. Why was that? Golfers realized improved performance on the range or during their round. THEY GOT TO SEE THEIR RESULTS FIRSTHAND, and they purchased the club. Cadi's high conversion rate means our demo products are always in excellent condition.
Hit it Straight,
Tyler Gottstein
Cadi is being noticed. This Forbes article discusses our Amazon-like approach and our mission to bring sales back to the golf course. Cadi's autonomous retail technology does not take away from the golf course; It enhances it. Cadi leverages the course's strengths to offer an unbeatable customer experience.
As you may have noticed, We are getting more and more attention. We appreciate all of our early investors and are excited to see many others joining the company. Thanks again.
CEO and Co-founder
Cadi founders Matt and Tyler will be answering questions about all things Cadi. Join us as we dive deeper into the mission, story, and opportunities available with Cadi. Attend our webinar by RSVPing to the link below. We can't wait.
Cadi has started 2021 off right by doubling our total amount raised in January. Cadi has received increasing interest, demonstrated by the number of organic press we have received. I am also pleased by the number of people reaching out interested in working with Cadi.
Most importantly, I am honored to have the support from investors that see the potential of Cadi. At Cadi, we are grateful for all 258 investors and excited to make Cadi a massive success. We are already on the way. For anyone that has not yet invested, we would love to have you apart of our journey.
Again, I have a small request. Please share our campaign with all your investment-savvy friends and passionate golfers. Our campaign lives here: www.startengine.com/Cadi.
Cadi founders Matt and Tyler are hosting a webinar this Thursday, Feb 4, at 10:00 AM PST. We would love for you to join us by registering at the link below. See you there.
https://zoom.us/webinar/register/WN_Div4m85GSyOAnpKMeFfa2A
Hit it straight,
Tyler Gottstein
Comments ({{profileCtrl.startup.comments_count}} total)
{{ profileCtrl.commentsLoading ? 'Loading...' : 'Show More Comments' }}