Investor Update – Q4 2023
Hello Robot Cache Investors,
We are currently in the process of preparing our annual audited Form 1-K for 2023 which when filed, will outline all of our financials for the prior 6 month reporting period including management’s discussion and analysis as well as any future plans for the company. When completed, the report will be on the SEC’s EDGAR site and we will update this page as well.
For those who may not be familiar with Reg A+ regulatory reporting requirements (versus a listed company on an exchange) Reg A+ companies are required to file every 6 months and NOT every quarter. However, we are still required to adhere to proper disclosures with regards to not being able to provide any non-public information (as well as adhering to proper corporate governance and restrictions) so unfortunately we just can’t make any “on the fly” updates or comments apart from our semi-annual regulatory filings.
We will of course keep everyone informed as much as we can, we just need to follow proper governance and appreciate your support, patience and understanding.
Best regards,
-Lee Jacobson, CEO
Investor Update – Q3 2023
Hello Robot Cache Investors,
We are pleased to report that we have filed our annual Form 1-SA summarizing the first six months of 2023. Below is a link to the .pdf version of the complete filing. If you are interested in just an overview, we have summarized key developments below.
Global Launch – We are pleased to announce that we launched the platform globally in July, 2023, with certain exceptions, including countries that are restricted by U.S. and European regulations. Although our launch has been very recent, we have begun to test our marketing efforts in key regions in North America and Europe. We are testing a number of various channels and partners, including video streaming services, gaming websites, free game giveaways, influencers, and other channels in order to determine the most efficient locations for allocating our marketing expenditures going forward in order to lower our cost per acquisition (CPA) and maximize our average revenue per user (ARPU) and average revenue per paying user (ARPPU). We anticipate continuing our marketing efforts and measuring performance going forward indefinitely to grow our user base. As of September 27, 2023, our user base is over 205,000.
Additional Ways to Earn IRON – As mentioned in our previous update, we are currently evaluating and developing additional ways for users to earn our store currency, IRON. One of these initiatives is the ability to utilize a user’s computer to solve complex calculations for a wide range of worthy causes such as curing children’s cancer, folding proteins, addressing global warming and even searching for extra-terrestrial life and many more. We are working in conjunction with the University of California, Berkeley program named “BOINC” and we are excited to allow our users to use their computers computational power ‘for good’ by addressing huge environmental, medical and research challenges. If you would like to learn more about the many projects they support, you can find out more information here: https://boinc.berkeley.edu/
Gift Card Redemptions – In the first quarter of 2023, the Company entered into an agreement with Carlton One Engagement Corporation to integrate a feature enabling users to redeem their IRON for rewards or gift cards. We believe that this feature may encourage users to utilize their IRON in more ways than just purchasing games and may potentially increase our user base by attracting new users who are interested in using their computers to redeem IRON in different ways. We currently plan to implement this feature sometime in 2023.
AMD Partnership Continues – In 2019, Advanced Micro Devices (NASDAQ: AMD) announced a partnership with us which we are delighted will continue into 2023. The partnership has been of substantial value, as it represents a major global PC hardware manufacturer’s validation of our business model. We are listed on AMD’s website at amd.com under its “Featured Games” section which can be found here: https://www.amd.com/en/gaming/featured-games
CSPR Transition – The Company implemented its current DRM / copy protection methodology to the CASPER Blockchain Network (SYM: CSPRUSD), thereby significantly reducing the consumption of power needed for the Company to validate blockchain transactions and to manage licensed rights granted or revoked with respect to a User’s digital game copy. The Company has already implemented its new DRM / copy protection using the CASPER Blockchain Network, and it is currently operating in its “Test-net” before it is deployed to its “Mainnet” upon the release of version 2.0, expected in early 2024. This migration has transitioned our DRM-based copy protection from a “Proof of Work” method to “Proof of Stake,” requiring significantly less power consumption, given that the CASPER Blockchain Network has considerably fewer “validators” than the more than 40,000 on the Ethereum blockchain.
DACS Labs Partnership – We are excited to announce that we have implemented the DACS Laboratories GmbH streaming technology into the Robot Cache Platform. We believe this relationship gives us an advantage over our competitors in that it enables our Users to start the download process after purchasing a game and then to play the game within minutes rather than wait for the download’s completion, which for some of the larger games can require several hours. None of our competitors currently offers this capability, which we believe gamers will find valuable. This capability is currently being rolled out on a game-by-game basis.
For any questions, please reach out to us at [email protected].
Cordially,
-Lee Jacobson, CEO & Co-Founder
Investor Update – Q4 2022
Hello Robot Cache Investors,
We are pleased to report that we have filed our annual Form 1-K for our fiscal year 2022. Below is a link to the .pdf version of the complete filing. If you are interested in just an overview, we have summarized key developments below.
2022 has been an extremely busy year for us. Below are key developments in a number of areas.
Global Launch Expected in the Second Quarter of 2023 – As of the date of this Report, the Robot Cache Platform has launched in smaller regions, particularly in Brazil, Latin America, Australia, and New Zealand, to gauge marketing effectiveness and optimize both messaging and KPIs. The Robot Cache Platform is expected to launch globally in the second quarter of 2023. We are currently in the final stages of including some additional features to the platform as a result of what we have learned from launching in these smaller regions.
The Company Has Filed for Another Offering – On September 30, 2022, the SEC qualified the Company’s Regulation A Offering Statement on Form 1-A. The Company has filed several post-qualification amendments to the Form 1-A and is currently undergoing SEC review. We anticipate commencing the offer and sale of up to 25,000,000 shares of its Common Stock promptly after requalification of the Form 1-A, as amended by the post-qualification amendments. In addition to, and in conjunction with, the 25,000,000 Shares offered for sale to investors in the 2023 Offering, the Company is offering investors up to 2,500,000 Shares as bonus shares in each case depending on, and determined on the basis of, a given investor’s investment level. No additional consideration will be received by the Company for its issuance of Bonus Shares, and it will absorb all costs of the Bonus Shares’ issuance. We intend to use the proceeds from this raise to acquire more content and acquisitions to accelerate the company’s growth post global launch. Should you have an interest in participating in the offering, please reach out to us at [email protected] and we can notify you if/when we receive final qualification.
We Continue to Add New Games and Partners – Our business development and account management team is constantly engaging with new and current partners to add more games to the platform and this will continue indefinitely as every year more and more games are released. We believe that our plan to use the funds raised in the 2021 Offering (and the anticipated 2023 Offering) to acquire additional content in the digital PC game distribution ecommerce space, as well as adding support for supporting blockchain based games and digital items, represents a dependable method for promoting an ecosystem of growth. We also plan to ramp up its marketing efforts utilizing a number of channels such as streaming TV networks, web sites, digital marketing channels, social media, free game giveaways, community management and influencers when we launch globally. We will continually refine and test various channels and partners in the United States, Europe and Asia to increase our user base, lower our cost of user acquisition and increase brand awareness in 2023 and beyond.
Additional Ways to Earn IRON – We are currently evaluating and developing additional ways for users to earn our store currency, IRON. One of these initiatives is the ability to utilize a user’s computer to solve complex calculations for a wide range of worthy causes such as curing children’s cancer, folding proteins, addressing global warming and even searching for extra-terrestrial life and many more. We are working in conjunction with the University of California, Berkeley program named “BOINC” and we are excited to allow our users to use their computers computational power ‘for good’ by addressing huge environmental, medical and research challenges. If you would like to learn more about the many projects they support, you can find out more information here: https://boinc.berkeley.edu/
Gift Card Redemptions – In the first quarter of 2023, the Company entered into an agreement with Carlton One Engagement Corporation to integrate a feature enabling users to redeem their IRON for rewards or gift cards. We believe that this feature may encourage users to utilize their IRON in more ways than just purchasing games and may potentially increase our user base by attracting new users who are interested in using their computers to redeem IRON in different ways. We currently plan to implement this feature sometime in 2023.
China Partnership – We have not yet factored into our forecasts any revenue projections for Asia, as issues related to COVID-19 have impacted much of China’s economy and significantly reduced travel and commerce in the country. In the latter part of 2022, China appeared to be reducing COVID-19 restrictions, and we hope that any such reduction will positively impact the Company in 2023 and beyond. Our exclusive partner, Zero and One’s, is located in China, and will be seeking both free-to-play and blockchain-based Web3 games for release in China (and other countries if appropriate) on the Robot Cache Platform. Web3 games are growing in the Chinese and Asian markets and we intend to capitalize on this growing trend in 2023.
AMD Partnership Continues – In 2019, Advanced Micro Devices (NASDAQ: AMD) announced a partnership with us which we are delighted will continue into 2023. The partnership has been of substantial value, as it represents a major global PC hardware manufacturer’s validation of our business model. We are listed on AMD’s website at amd.com under its “Featured Games” section which can be found here: https://www.amd.com/en/gaming/featured-games
CSPR Transition – On June 28, 2021, we entered into a memorandum of understanding with the blockchain company CasperLabs Holdings AG (“CasperLabs”). We are currently in the final testing phase of transitioning to the Casper “proof of stake” blockchain-based protocol as our Digital Rights Management (copy protection) and away from the Ethereum blockchain. We believe that this switch will benefit the environment by utilizing considerably less power. Currently the Casper network consists of 100 ‘validators’ (or servers/nodes) as opposed to Ethereum’s 500k+ and growing. We believe switching to the Casper network will result in a significant reduction of computational power required to verify a transaction, making it extremely more efficient, better for the environment while providing transparency to our partners. To put it in perspective, currently there are ‘free-to-play’ multiplayer games on the market that rely on hundreds of servers in order to operate.
DACS Labs Partnership – As previously mentioned, we signed a licensing agreement with DACS Laboratories GmbH to integrate their streaming technology into the Robot Cache Platform. This streaming technology will enable games to operate and start more quickly on the Robot Cache Platform as it enables our Users to start the download process and play games within minutes of purchase, as opposed to experiencing a protracted waiting time for the completion of game download. For larger games, the download period can take several hours. To our knowledge, none of our competitors currently offer this capability, and we believe gamers will find this functionality valuable.
Staffing – We have been successful in hiring all our key positions in our marketing, community management, store operations and account management team and believe we are staffed appropriately to execute global store operations upon launch.
Also, please note that going forward due to SEC rules governing providing non-public information (as well as adhering to proper corporate governance and restrictions) any statements or comments apart from our regulatory filings on the SEC’s EDGAR web site and any and all other information will be made public ONLY on our Investor page.
In summary, we are excited to launch soon and have a great team now in place to execute our vision to change the way PC games are sold. Thank you all for your continued support.
For any questions, please reach out to us at [email protected].
Cordially,
-Lee Jacobson, CEO & Co-Founder
Investor Update – Q3 2022
Hello Robot Cache Investors,
We completed our semi-annual SEC Form 1-SA filing and summarized below some of the highlights for the second quarter of 2022 as well as additional new developments in Q3.
We are excited to have officially launched the Robot Cache Platform in Brazil, Latin America and Australia. We launched in these areas first in order to optimize the platform’s performance prior to launching in the rest of the world by monitoring any changes in the Company’s key performance indicators (KPI’s). Optimizing the platform’s performance in this manner will enable us to make any necessary enhancements to the platform as well as our marketing efforts in order to enhance our marketing channels and the partners we work with as we get closer to opening up access to all users globally, which is currently anticipated to be in Q1 2023.
More Games – We continue to add more games and publishing partners to our platform and expect to continue these efforts in a curated manner on a continual basis. Having great partners with great games is key to growing our user community.
Blockchain DRM Update – We have already implemented a new DRM / copy protection using the CASPER Blockchain Network, which is currently being tested on CasperLabs’ “Test-net” before being deployed to its “Main-net.” This migration will transition our DRM-based copy protection from a “Proof of Work” method to “Proof of Stake,” requiring significantly less power consumption, given that the CASPER Blockchain Network has only 100 “validators” versus more than 40,000 on the new Ethereum 2 blockchain (which has also now switched to a “Proof of Stake” method, a.k.a “The Merge”.
We expect to continue our partnership with Advanced Micro Devices (NASDAQ: AMD) (“AMD”) for the remainder of 2022 and beyond. This partnership, first announced in 2019, has been of substantial value, as it represents a major global PC hardware manufacturer’s validation of our business model. We are listed on AMD’s website at amd.com under its “Games” section.
We currently expect to release the Robot Cache Platform in China early in 2023, depending upon the lifting of COVID restrictions, utilizing our 2019 agreement with LedgerZ Holdings, one of our investors. The Chinese market has well over 300 million video game users and represents a $15B+ annual revenue market opportunity for us. As of the date of this report, we have not yet factored into our forecasts any revenue projections for Asia, but we believe it will be material. As a result, we have already implemented additional payment forms for the Chinese market (such as WeChat Pay and Alipay), and we will be adding other forms of digital currency and payment solutions (such as Amazon payments and Coinbase Commerce). Adding these forms of payment, which our competitors have shied away from but which are important to the future of digital global commerce, will, we believe, enable the global community to purchase games from the Robot Cache Platform.
We have signed a licensing agreement with DACS Laboratories GmbH to integrate its streaming technology into the Robot Cache Platform to enable games to run quickly. We believe this relationship gives us an advantage over our competitors in that it enables our Users to start the download process after purchasing a game and then to play the game within minutes as opposed to waiting for the download’s completion, which for some of the larger games can require several hours. None of our competitors currently offers this capability, and we believe gamers will find this functionality valuable.
Form 1-A Securities Offering – We are pleased to announce that we have taken steps for another Regulation A securities offering. We have filed a Form 1-A offering statement with the Securities and Exchange Commission and intend to commence the offering shortly now that the SEC has qualified the offering statement. The purpose of this offering is to facilitate Company growth through aggressive marketing campaigns, game publisher incentives, acquiring more content and complementary corporate acquisitions. We are excited about this offering as we believe it will accelerate our growth.
We sincerely appreciate all our investors and fans support and look forward to providing more exciting news in our next update.
Cordially,
-Lee Jacobson, CEO & Co-Founder
Investor Update – Q2 2022
Wow. What a first half of the year…
As you know from our prior updates, things have been busier than ever at Robot Cache:
- As always, we’ve been adding more games and publishers to our platform. You can check them out here.
- Fleshing out our team by adding some of the most talented personnel in our space. For example, our team includes all-stars from Activision, Midway, and Walt Disney.
- Launching into our first key test markets
We’re especially excited about that last point. As you know, we’ve been in Beta mode to perfect our platform and services. Now, we’re strategically rolling out in key markets. We’ll monitor our metrics and make any needed adjustments as we gear up for our formal U.S. launch.
We are also in the process of preparing our semi-annual SEC filings (on Form 1-SA) and will also provide another update when completed.
Meanwhile, word is spreading about our platform and our mission…
By now, I’m sure many of you have seen that Robot Cache has been featured in publications like Forbes, Barron’s, PC Games Insider, VentureBeat and Rolling Stone and hundreds of other sites around the world.
As you can see, we continue to build mainstream attention and recognition.
This awareness will play into our hands. As we add more gamers, more and more great publishers and developers gain interest in our platform. This creates a nice, virtuous cycle.
However, we are always monitoring capital markets. It has always been our intention to grow the business as a private company… gain traction… and do what’s in the best interests of our shareholders as stated in our previous Q1 update.
We are well on our way. That’s all for now but stay tuned as we will provide another update after our Form 1-SA filing.
Thank you, as always, for your support,
Cordially,
-Lee Jacobson, CEO & Co-Founder
Investor Update – Q1 2022
The first quarter was very busy for our growing team.
As we continue to finalize our preparations for our global launch, we are focusing on the following key priorities to achieve our goals:
- Adding more games and publishers both AAA and Indie titles from around the world;
- Selecting and finalizing agreements with our advertising partners in key territories to drive user acquisition and growth;
- Ensuring we have the right mix of marketing channels to grow our user base;
- Hiring the remaining key personnel to fill out our development, marketing and community management teams.
- Completing the transition of moving our blockchain based DRM from Ethereum to the Casper network. The development is proceeding as planned and we expect to transition as soon as the remaining development is completed. Further details on our partnership can be found in our latest 1-K filing.
We continue to add games as quickly as we can. We believe that great content is important to growing our community and we continue to optimize ways to add automated processes to speed this up which we believe will allow us to release more games at an even quicker pace. As new games come online we place them on the “New on Robot Cache“ row. As many games are released every year, we plan to continue our efforts in streamlining this process even further.
We have selected several key marketing agencies to assist us in executing marketing campaigns to grow our user base in various key territories around the world where we have seen above average growth and engagement on our platform. This allows us to keep a lean internal marketing staff and yet have the flexibility to allocate capital to our marketing partners as we measure their performance in each of these markets. We have numerous things we measure that we allow us to evaluate a number of factors that will help us determine where best to spend our marketing dollars. As we continue to grow, we will continue to refine the platform, customer messaging, store operations and other key metrics that we anticipate will increase user growth and revenue.
We also have several key co-marketing agreements with partners which we anticipate will amplify our message and increase our user base. In addition, we will be focusing significant efforts on ensuring that we have a strong social community team for our customers via Discord, Reddit, Twitter, Instagram, TikTok and Facebook.
We have been fortunate in our hiring efforts and are very close to filling all of the open requisitions we need in the development, marketing, quality assurance and community management roles.
While we have not yet made any final determination to listing our stock on an exchange at this time, we are evaluating several alternative listing options going forward, including the listing of the company on an alternative trading system (ATS) as it would allow our shareholders to connect with other individuals who are interested in acquiring Robot Cache shares who were not able to get in on the earlier round, which would allow people to facilitate the purchase or sale of shares in private party transactions. In the event that we pursue this option, we will provide additional updates on our site.
It is ultimately our intention to list on an exchange, but we want to make sure the conditions are right and we have the tailwinds at our back. You may rest assured that we are keenly aware that our shareholders support this prospect, as do we.
With regards to warrants, we have not yet issued them at this time. Also, going forward we will be issuing quarterly updates on this page.
And finally, we have released our annual Form 1-K which is now available on the SEC’s EDGAR website.
Thanks again to all our supporters!
Cordially,
-Lee Jacobson, CEO & Co-Founder
Investor Update – February 7, 2022
Hi Robot Cache Investors,
We hope everyone had a safe and happy holiday season. We have lot going on here at RC and wanted to share the latest.
We continue to add new partners and games to the platform as well as hire more positions we needed filled. It’s always great to have new and fresh content for our users to play. Be sure to check out the store as we continue to add terrific games to RC!
On the development side, we’ve had great feedback from our users and we continue to work on refining and improving the platform along with new gamification features.
In addition, we are close to completing development work for our transition to the Casper (CSPR) blockchain and are excited to begin testing it soon. For those of you who are not aware of the CSPR blockchain, there’s a great article on CSPR’s efficiency as a ‘proof-of-stake’ blockchain which you can find here:
The Casper Network is up to 136000% more energy efficient when compared to other networks.
As our capital raise is now complete, our Reg A+ platform partner (Republic.co) informed us that they are finalizing the investor list and will be sending it to our transfer agent soon, after which the transfer agent will send an email inviting our investors to complete the setup their account so shares can be viewed online.
We are excited for a busy 2022 here at RC. Stay tuned for more updates and announcements!
-Lee Jacobson, CEO & Co-Founder
Investor Update – December 23, 2021
Happy Holidays RC investors!
I’m delighted to provide you a brief update on the latest here at Robot Cache.
We continue to execute on our vision and are building additional features into the platform which we expect to be released early next year. We look forward to sharing the new features with everyone soon!
Although challenges remain due to the COVID-19 pandemic, we continue to have success in hiring key positions. These new roles are crucial to our global launch strategy and we’re delighted to have been fortunate to bring on additional software engineering, marketing and quality assurance staff.
As for partnerships, we are continuing to add more and more games every week as well as enter into new strategic agreements with complementary companies, one we have announced (Casper Blockchain) and others we hope to announce soon. We’re delighted that more and more of our publishing partners share the same vision that we do in changing the way digital games are consumed.
During this holiday season our entire team is especially grateful that we are able to continue to execute our plans as a result of your tremendous support.
On behalf of the entire Robot Cache team, we wish everyone a happy and safe holiday season!
-Lee Jacobson, CEO & Co-Founder
Investor Update – October 21, 2021
Hello Robot Cache investors!
I wanted to update you on the latest here at Robot Cache. Thanks to your support, we continue to hire key positions as we build out staffing in preparation for our global launch. Those of you who have visited our website recently will have seen incremental improvements, which – with more to come – believe will further enhance the user experience. In addition, we continue to sign more content partnerships and should have even more games available from additional publishers in the coming months.
Also, for those of you who have subscribed for Units in our recently completed Regulation A securities offering, our processing partner and broker-dealer are now compiling all of the subscription information (as we have a considerable number of investors). Upon its compilation, it will be forwarded to our stock transfer agent, which will then send you an email explaining how to set up your account so that you may access and view your share information. Please bear with us, as substantial processing work must be completed before investors may open accounts. We appreciate your patience.
Finally, we have received questions on a number of topics, and we hope to address them soon in an upcoming post. Please note that we are making an effort to follow proper corporate governance and other procedures in communications with our investor base. So, for those of you who have not received individual answers to your questions, I will endeavor to compile them periodically and answer them here as soon as I am able.
Again, thanks for all your support!
-Lee Jacobson, CEO & Co-Founder
Investor Update – September 21, 2021
We’re delighted to announce that we have wrapped up our fundraising efforts. Although it took longer than we anticipated, our sincere appreciation to everyone who believed in our vision and supported us. For those of you who were able to participate in this Offering, thank you. For those of you who were not, our apologies as the interest was overwhelmingly greater than we anticipated.
Should you have any questions regarding anything related to the status of your investment, please email [email protected] and they can assist you.
We are already working hard on forging more strategic partnerships, adding more content partners, improving the platform and preparing our marketing efforts for global launch. We’ve already hired additional staff and will be adding more to the team over the coming months.
The team and I are deeply honored for the great feedback we received from everyone, and will continue to tirelessly work to grow the company and update everyone on this Investor page as we progress.
-Lee Jacobson, CEO and Co-Founder
Investor Update – September 7, 2021
We are delighted to finally announce that the SEC has Qualified our amended Form 1-A offering for the capital raise increase!
As a result, those of you who have been on the waiting list to invest or increase the amount you wish to invest will be contacted by Republic with instructions on how to complete the process.
Please note that due to the number of people on the waiting list, Republic will process investments on a “first come first serve” basis and unfortunately not all investors who are on the waitlist will be able to participate as we were oversubscribed.
Thanks to all of you who supported our vision and we greatly appreciate your patience while we completed this process.
-Lee Jacobson, CEO and Co-Founder
Investor Update – August 31, 2021
We have submitted the amended offering statement to the SEC and are awaiting comments. We received no substantive comments from the SEC on the last submission of our amended offering statement and we are hopeful to receive the same response this time.
If there are no comments we will request qualification of the offering statement, as amended, so that the increase in the maximum offering amount may become effective.
We greatly appreciate your patience and support.
-Lee Jacobson, CEO and Co-Founder
Investor Update – July 21st, 2021
We wanted to share with you the latest update on our proposed request to the SEC to raise our maximum offering amount.
We received no substantive comments from the SEC on the most recent submission of our amended offering statement and we are currently awaiting completion of a review by FINRA relating to the upsizing. Once FINRA’s review has been completed, we will submit revised documentation to the SEC and request qualification of the offering statement, as amended, so that the increase in the maximum offering amount may become effective.
-Lee Jacobson, CEO and Co-Founder
Investor Update – June 29th, 2021
We wanted to update you on the latest with regards to our public offering. We are very pleased to announce that we have submitted our request to increase the offering amount to the SEC and are currently waiting for approval. We do not know when we will receive such approval.
We have been overwhelmed and humbled with requests from so many of you who were not able to invest in the initial raise. For those of you who were able to invest, a sincere thank you for your support, thoughtful emails and for sharing our vision.
For those of you who were NOT yet able to invest, but are currently on the ‘waitlist’ to do so, you will be notified by Republic.co if/when we receive SEC approval and your investment is accepted (assuming we have not hit our maximum raise amount).
In the meantime, thank you again for your support and we appreciate your patience.
-Lee Jacobson, CEO and Co-Founder
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