MYR POS

17 statements across 1 episodes · 6 bullish · 1 bearish · 1 people on the record · first statement Dec 1, 2021 by David Nadirzdin · said 2 times in 1 episodes since 2021 · across every show →

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brought up most by Nathan Latka (2)

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Everything said about MYR POS, oldest first

Dec 1, 2021 positive
Disclosure
Nadirzdin: MYR earns a 40% markup on POS hardware
“We're making, we make a 40% on top.”
David Nadirzdin Dec 1, 2021 ▶ 16:48 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021 bullish
Prediction Not checkable as stated
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.”
David Nadirzdin Dec 1, 2021 ▶ 12:52 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021
Assertion Not checkable as stated
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.”
David Nadirzdin Dec 1, 2021 ▶ 10:29 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021
Assertion Not checkable as stated
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.”
David Nadirzdin Dec 1, 2021 ▶ 6:13 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021 bullish
Assertion Not checkable as stated
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…”
David Nadirzdin Dec 1, 2021 ▶ 14:55 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021
Disclosure
Nadirzdin: MYR POS co-founders retain 75% equity ownership
“We're now sitting still at 75% equity.”
David Nadirzdin Dec 1, 2021 ▶ 8:56 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021
Assertion Not checkable as stated
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.”
David Nadirzdin Dec 1, 2021 ▶ 10:12 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021 negative
Opinion
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…”
David Nadirzdin Dec 1, 2021 ▶ 3:30 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021
Disclosure
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.”
David Nadirzdin Dec 1, 2021 ▶ 16:00 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021 bullish
Prediction Not checkable as stated
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.”
David Nadirzdin Dec 1, 2021 ▶ 10:16 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021
Assertion Not checkable as stated
Nadirzdin: MYR POS customers pay an average of $129 monthly
“One 29.”
David Nadirzdin Dec 1, 2021 ▶ 5:25 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021
Assertion Not checkable as stated
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.”
David Nadirzdin Dec 1, 2021 ▶ 6:03 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021
Assertion Not checkable as stated
Nadirzdin: MYR POS reached positive EBITDA during COVID-19
“During that raise, we actually got to positive IVIDDA during COVID.”
David Nadirzdin Dec 1, 2021 ▶ 11:06 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021 positive
Assertion Not checkable as stated
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.”
David Nadirzdin Dec 1, 2021 ▶ 18:36 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021
Assertion Not checkable as stated
Nadirzdin: MYR POS closed 2020 at $48K in MRR
“We ended the year at 48,000 actually in monthly recurring revenue.”
David Nadirzdin Dec 1, 2021 ▶ 12:39 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021 positive
Assertion Not checkable as stated
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.”
David Nadirzdin Dec 1, 2021 ▶ 19:02 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Dec 1, 2021
Disclosure
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.”
David Nadirzdin Dec 1, 2021 ▶ 9:30 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
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