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David Nadirzdin

Founder & CEO, MYR POS · 1 appearance on the record.

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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.

19statements → 13claims → 0claims resolved → 3.84/5average certainty → 1.37/5average debate potential → ≈4.5/5argument clarity, estimated →

13 not checkable as stated how the 13 claims stand · each chip opens the sources

2 predictions · 11 assertions · 1 opinion · 1 insight · 4 disclosures · every statement was checked. The predictions and assertions are the 13 claims: statements the public record can support or contradict. 0 are resolved, and 13 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how David argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of David Nadirzdin on measured tape to publish a rate. This says nothing about how they speak.

Everything David Nadirzdin said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

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
Assertion Not checkable as stated
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…”
David Nadirzdin Dec 1, 2021 ▶ 2:10 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Insight
Nadirzdin: Restaurant clients swap POS hardware every 3-4 years
“And they usually do a hardware swap every like three to four years.”
David Nadirzdin Dec 1, 2021 ▶ 17:24 Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers

Appearances (1)

EpisodeDateSpeaking time
Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers Dec 1, 2021 12m
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