Andrew Kang

@Robostrategy Not investment advice

[Andrew Kang @Rewkang]

Proud to announce my position as CEO of @RoboStrategy.

When I initially started looking into investing in robotics 2 years ago most VCs I consulted with recommended not to invest in the space. Robotics companies at this time did not have an easy time raising capital. The industry didn’t have a track record of big venture winners, was perceived to be challenging for a variety of reasons, and was not well understood. But it was clear to me that the rate of acceleration of physical AI development would dramatically change the industry. I invested $19m into FigureAI as my first investment.

I believed it was a question of when, not if we could imbue machines around the world with physical intelligence. To accomplish this, the industry would need a tremendous amount of capital to grow, and also an investment firm that deeply understood the needs of robotics/physical AI companies so that it could build a platform to better support them. It will take hundreds of billions to capitalize the mechanized future meaning there is a big gap in the market. We decided we wanted to fill it.

Previously, Mechanism Capital had never taken outside capital, but to do this at the scale I envision, I would need to do so. However, the private markets don’t have that scale. The public markets do, and it was clear that there is and likely will be tremendous appetite for public market investors to participate in the immense value creation happening in AI & robotics that only private market investors currently have the privilege of accessing. The explosive growth of AI companies is a precursor of what will happen in physical AI. So in 2025, we founded RoboStrategy and a year later, we took it public on Nasdaq. Throughout this year, we’ve assembled a great portfolio, started leading rounds of some amazing companies, and have built the foundation to be ready to scale to the next level after going public.

We look different from a traditional VC firm in ways that founders appreciate. Our structure as a closed end fund means our capital is permanent - no fund life meaning we can invest with extremely long time horizons. Our investment firm also of course needs to have deep industry and research experience so that it can make the best risk reward optimized investment decisions. In the last year, we’ve brought on some truly exceptional robotics industry veterans who have previously served for decades as founders/operators. Many founders we talk to consider us as the most sophisticated venture capital firm they’ve talked to and we only intend to grow our expertise in the industry. RoboStrategy’s success depends on our ability to distribute the fund and capture maximal mindshare. This plays to our team’s strength in digital marketing and social media. We’re building a special marketing engine that serves as an attention amplifier for both us and our founders so that our products and stories can reach more people.

A source of inspiration for our fund structure, Strategy (MSTR) raised tens of billions from public capital markets to invest in Bitcoin. I believe robotics will be a much larger industry than Bitcoin and the asset class is orders of magnitude less accessible. We are aiming to raise more and not only become the largest robotics investor globally, but also one of the largest venture capital funds in the world. Venture capital has traditionally been restricted to a limited group of investors. We are changing the paradigm and bringing it to the rest of the world.

Be sure to follow @RoboStrategy.

Job’s not finished.

[RoboStrategy @RoboStrategy]

BOT: Public Market Access to Private Robotics Companies

Introducing RoboStrategy:

RoboStrategy, Inc. (Nasdaq: BOT) is a closed-end management investment company providing concentrated exposure to robotics and physical AI.

The fund is designed to give public market investors exposure to a portfolio that aims to include the most promising private, pre-IPO, and public robotics and physical AI companies. It bridges a structural gap between where robotics innovation is occurring (largely in private markets) and where most investors can access exposure (public markets).

The fund seeks to provide investors with access to a sector that has traditionally been limited to venture capital, and aims to provide exposure to companies that may stay private for longer.

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The Core Insight

We believe the robotics industry is at an inflection point, with physical AI and robotics increasingly being applied to labor-constrained global industries such as manufacturing, logistics, and services.

According to the International Labor Association, labor accounts for approximately 52% of global GDP.¹ According to Statista, global GDP in 2025 was $118T.² This represents an implied global labor market size of roughly $60T.

At the same time, this labor base is increasingly constrained: Korn Ferry projects a global shortage of 85.2 million skilled workers by 2030, including a 7.9 million worker deficit in manufacturing alone.³ Deloitte and The Manufacturing Institute estimate the US could need 3.8 million new manufacturing workers by 2033, with 1.9 million of those roles at risk of going unfilled.⁴ Physical AI and robotics are emerging as a primary means of closing that gap.

While public markets currently offer indirect exposure to robotics through diversified technology companies, much of the value creation is occurring in private companies that remain inaccessible to most investors.

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Portfolio Focus

The portfolio focuses on what the fund believes are category-defining robotics and physical artificial intelligence innovators, including Figure AI, Apptronik, Dyna Robotics, Standard Bots, Dexmate, and other pioneers advancing autonomous systems, machine perception, and human-machine collaboration.

The managers of the fund seek to optimize returns by actively managing the portfolio and continuing to make new investments in leading private robotics companies.

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The Ambition

The fund's long-term goal is to grow into a significant public-market vehicle for robotics investing, providing public-market access to private innovation in the sector.

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Footnotes & Disclosure:

¹ International Labour Organization, World Employment and Social Outlook: May 2025 Update. https://t.co/PoHzmPVnMU

² Statista, Gross domestic product (GDP) in current prices worldwide. https://t.co/X0ptSOlBef

³ Korn Ferry, Future of Work: The Global Talent Crunch. https://t.co/jBuItWtAJj

⁴ Deloitte & The Manufacturing Institute, Taking charge: Manufacturers support growth with active workforce strategies, April 2024. https://t.co/eDmCd1XONK

RoboStrategy, Inc. (Nasdaq: BOT) is a closed-end fund registered under the Investment Company Act of 1940. This content is for informational purposes only and does not constitute investment advice or an offer to buy or sell securities. Investing involves substantial risks, including possible loss of principal. The fund invests in robotics, physical AI, emerging technologies, and private companies, which may involve heightened volatility, limited liquidity, valuation uncertainty, and concentration risk. References to portfolio companies are illustrative only, do not represent all investments made by the fund, and are not investment recommendations. Portfolio holdings are subject to change. Forward-looking statements are inherently uncertain. See the prospectus and SEC filings for additional information.

[Lighter @Lighter_xyz]

New RWA Perp Listing! You can now trade $BOT with up to 3x leverage.

[Andrew Kang @Rewkang]

I’m not sure why it’s so difficult to understand that if the value of your investment portfolio increases this causes your investment base to also increase.

Pershing Square Holdings has pretty much traded at a discount its entire life and compounded significant returns/NAV

You can chose to issue shares at large premiums as it is accretive and at the same time not be forced to buy back shares at NAV discounts

[Andrew Kang @Rewkang]

You are comparing apples with oranges. There’s no need to sell your underlying if you believe it has growth prospects. We also aren’t tied to a single asset, rather a portfolio.

Berkshire Hathaway and SoftBank have mostly traded at discounts for decades and been fine because the portfolio was managed well and their underlying investments went up

[Andrew Kang @Rewkang]

Spent the last 2 years obsessively trying to understand where the robotics space is going.

US vs China dynamics, Tesla vs FigureAI, How I think about investing, etc

Continuing to share more. Requests welcome.

[EllioTrades @elliotrades]

Andrew Kang turned a few early stage robotics investments into a $500 Million publicly traded empire @RoboStrategy

He is widely considered THE leading investor in robotics

@Rewkang believes the ChatGPT moment for Robotics is happening RIGHT NOW and it will be BIGGER THAN BITCOIN

This interview is a masterclass on Robotics investing in 2026

1:18 – Why robotics today feels like crypto in 2015
4:23 – Is robotics a bigger opportunity than Bitcoin?
10:30 – Robotics 101: players, problems & bottlenecks
16:40 – Who's leading the race: Tesla vs Figure
23:10 – China's 100+ robotics companies & the real investment risk
25:28 – US vs China: who's actually ahead?
33:40 – How many human jobs will be replaced?
38:00 – The "ChatGPT moment" for robotics
43:55 – UBI & the new social contract
46:30 – Why Andrew built Robo Strategy
51:20 – Lessons from Bitmine, MicroStrategy & Saylor
1:07:50 – The Boston Dynamics question
1:12:09 – His most contrarian bet: avoid model-only companies
1:19:55 – Tesla or Figure?
1:23:26 – Figure's valuation in 5 years: bear, base & bull
1:29:20 – Final words of wisdom

[EllioTrades @elliotrades]

Andrew Kang turned a few early stage robotics investments into a $500 Million publicly traded empire @RoboStrategy

He is widely considered THE leading investor in robotics

@Rewkang believes the ChatGPT moment for Robotics is happening RIGHT NOW and it will be BIGGER THAN BITCOIN

This interview is a masterclass on Robotics investing in 2026

1:18 – Why robotics today feels like crypto in 2015
4:23 – Is robotics a bigger opportunity than Bitcoin?
10:30 – Robotics 101: players, problems & bottlenecks
16:40 – Who's leading the race: Tesla vs Figure
23:10 – China's 100+ robotics companies & the real investment risk
25:28 – US vs China: who's actually ahead?
33:40 – How many human jobs will be replaced?
38:00 – The "ChatGPT moment" for robotics
43:55 – UBI & the new social contract
46:30 – Why Andrew built Robo Strategy
51:20 – Lessons from Bitmine, MicroStrategy & Saylor
1:07:50 – The Boston Dynamics question
1:12:09 – His most contrarian bet: avoid model-only companies
1:19:55 – Tesla or Figure?
1:23:26 – Figure's valuation in 5 years: bear, base & bull
1:29:20 – Final words of wisdom

[Avi @AviFelman]

Just recorded a banger episode with @Rewkang about @RoboStrategy …

Releasing tomorrow on YouTube:

https://t.co/aNl2fm5kc0

[Anthony Pompliano 🌪 @APompliano]

Are humanoids the largest addressable market in history?

@Rewkang says "to understand that you have to look at what is the total market for human labor. It's something like 50% of GDP, some people put it at $40 trillion or $60 trillion."

"The way that I would think about it is a humanoid can do everything that a human can do in the future, but it doesn't need to rest, it doesn't need to take breaks, it doesn't need to go on vacation. It's not going to quit on you, so you don't need to hire and retrain somebody else."

[RoboStrategy @RoboStrategy]

NAV is subject to change significantly.

[Andrew Kang @Rewkang]

@PTrubey ][

[Andrew Kang @Rewkang]

First Podcast Appearance in 5 years

Building a Robotics focused investment firm has been one of the most fascinating experiences of my life

Robots will be as ubiquitous as smart phones within a decade. Everyone should be paying attention and the @RoboStrategy team will be sharing much more about the most exciting developments in the industry

[Andrew Kang @Rewkang]

@APompliano Thanks for having me on. So much more going on in the industry we didn’t have time to cover. Happy to come on again.

Or have @GoingBallistic5 join!

[Andrew Kang @Rewkang]

In the interview I outlined why it’s clear the US government will restrict Chinese robots in the US.

Appliances there’s little room for differentiation. For phones and cars there is. Both are huge industries. The automotive used to be the largest in the world. Typically newer technologies have more room for differentiation and that results in a relatively larger market

[Andrew Kang @Rewkang]

@ChrisCamillo Learned a lot from you and that great @Apptronik tour

[Anthony Pompliano 🌪 @APompliano]

Not enough people are talking about physical AI and robotics.

I sat down with @rewkang, one of the best investors of the last decade, to discuss his massive bet on humanoids and robotics.

He breaks down the industry, the addressable market, multiple leading companies, and why he launched a publicly-traded fund ($BOT) focused on investing in the top private robotics companies.

YouTube: https://t.co/aBFxTzP2Kg
Apple: https://t.co/9KnbfWL6Wv
Spotify: https://t.co/ZVRprV7bdT

TIMESTAMPS:
0:00 - Intro
1:28 - Why Andrew shifted from crypto to humanoid robots
3:58 - How big is the total addressable market?
8:08 - Building conviction — the $19M bet on Figure AI
16:06 - US vs. China — who wins the robot race?
28:08 - General purpose vs. specialized robots
31:05 - Where does training data come from?
40:24 - Humanoid robots in your everyday life
43:27 - Can Tesla & Elon win the humanoid race?
46:19 - Job displacement & UBI
51:15 - RoboStrategy — the publicly traded venture fund
1:11:17 - What is exciting about Apptronik?
1:13:24 - Addressing the critics

[Andrew Kang @Rewkang]

@spartavix @RoboStrategy We also invest within the supply chain

[Andrew Kang @Rewkang]

First Podcast Appearance in 5 years

Building a Robotics focused investment firm has been one of the most fascinating experiences of my life

Robots will be as ubiquitous as smart phones within a decade. Everyone should be paying attention and the @RoboStrategy team will be sharing much more about the most exciting developments in the industry

[Anthony Pompliano 🌪 @APompliano]

Not enough people are talking about physical AI and robotics.

I sat down with @rewkang, one of the best investors of the last decade, to discuss his massive bet on humanoids and robotics.

He breaks down the industry, the addressable market, multiple leading companies, and why he launched a publicly-traded fund ($BOT) focused on investing in the top private robotics companies.

YouTube: https://t.co/aBFxTzP2Kg
Apple: https://t.co/9KnbfWL6Wv
Spotify: https://t.co/ZVRprV7bdT

TIMESTAMPS:
0:00 - Intro
1:28 - Why Andrew shifted from crypto to humanoid robots
3:58 - How big is the total addressable market?
8:08 - Building conviction — the $19M bet on Figure AI
16:06 - US vs. China — who wins the robot race?
28:08 - General purpose vs. specialized robots
31:05 - Where does training data come from?
40:24 - Humanoid robots in your everyday life
43:27 - Can Tesla & Elon win the humanoid race?
46:19 - Job displacement & UBI
51:15 - RoboStrategy — the publicly traded venture fund
1:11:17 - What is exciting about Apptronik?
1:13:24 - Addressing the critics

[Andrew Kang @Rewkang]

@HHorsley @APompliano 🙏

[Andrew Kang @Rewkang]

@collectionist @RoboStrategy Already better! Jobs not finished

[Andrew Kang @Rewkang]

Got my Appendix removed Friday but we’re back in action Monday

First @RoboStrategy podcast dropping tomorrow

[Anthony Pompliano 🌪 @APompliano]

Tomorrow we introduce the world to @Rewkang, one of the best investors of the last decade.

He is relatively unknown, but I believe he is on track to become one of the legends of finance.

Episode out tomorrow.

[Ansem @blknoiz06]

had to reread this a few times but pretty wild how much value saylor created doing this even when they're essentially flat on the investment, am excited to see how this plays out w/ robotics investments instead of BTC as the underlying