David Nadirzdin
Founder & CEO, MYR POS. On 1 show, 1 appearance. The Shows tab opens the full record on each.
founderexecutivemyr.io ↗
David Nadezhdin is the founder and CEO of MYR POS, a cloud point-of-sale platform designed for quick-service and limited-service restaurants. He previously operated a digital agency for over a decade, where the initial POS solution was originally developed.
1shows
1appearances
19statements
0resolved
0supported
0contradicted
Everything David Nadirzdin said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Nadirzdin: Toast and Lightspeed Tech Stacks Fail Limited-Service Restaurants
“If you're looking at actual POS like toast, like light speed, like a touch bistro, for example, they were built and inherently servicing a full service market industry. So naturally their technology stack didn't grow and evolve. For what the actual limited ser…”
Nadirzdin: Many Limited-Service Restaurants Still Rely on Legacy Enterprise POS
“What we're starting to see is that there's a huge niche in a huge segment of limited service restaurant that are simply not being catered to. They're still being catered to with old, they're not antiquated, but enterprise based solutions, you know, much like N…”
Nadirzdin: MYR aims to partner with acquirers rather than rival Square
“We're, we don't have delusions of grandeur. We're not looking to go after square or toast or any of that. What we're trying to do is become an ISV that a payment acquirer is going to want to work with.”
Nadirzdin: MYR POS annual net churn is under 2%
“Most fascinating number that we have, and this is during COVID and during the pandemic is that our net churn is less than two percent annually.”
Nadirzdin: MYR POS will secure a $20M Series A valuation
“Yeah, absolutely. We actually have two, two partner acquirers in the United States that are looking at our file carefully right now. We already have two VCs that want to follow, not as leads because they finish all of their rounds as leads this year.”
Nadirzdin: Competitors are ignoring restaurant franchises at trade shows
“What we started to leverage is, look, we started to go to franchise shows with our sales team and no one's there. No, no one's approaching these franchises. No one has, no one seems to have the offering that we have, which is, you know, it's interesting and un…”
Nadirzdin: MYR POS processes over $100 million in annual GMV
“I wasn't prepared for that, but I would say north of a hundred million right now.”
Nadirzdin: MYR POS is deployed across 1,200 restaurant locations
“We have 1200 locations that are launched and in terms of devices, most locations are averaging now two point of sale terminals in general.”
Nadirzdin: MYR projects $1.25M ARR and $2M revenue in 2021
“We're going to be ending this year with a top line revenue over two million. And our ARR is going to be sitting at about 1.25, based on our prediction of what's going to happen by the end of this year.”
Nadirzdin: MYR POS reached positive EBITDA during COVID-19
“During that raise, we actually got to positive IVIDDA during COVID.”
Nadirzdin: MYR outsources all POS installations to enterprise contractor
“All of our installations are not done by us. There's a third party company that handles KFC pizza hut and Burger King across North America. So They do all of our installations.”
Nadirzdin: Canadian government subsidizes most of MYR's software development
“In Canada, we have a huge Research and development fund. So most of our development is, is subsidized by the government.”
Nadirzdin: BDC provided MYR with a zero-interest loan
“Last year they gave us a no, no interest loan. So we just have to pay monthly.”
Nadirzdin: MYR POS raised $1.25M at $7.5M valuation in 2020
“We did it at 7.5 pre money, and we've exponentially grown since then.”
Nadirzdin: MYR POS closed 2020 at $48K in MRR
“We ended the year at 48,000 actually in monthly recurring revenue.”
One line per show, most statements first. The link opens David's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 TOP FOUNDERSLEDGER | Founder & CEO, MYR POS | 1 | 19 | — | full record on Top Founders → |