David Nadirzdin, founder of MYR POS, describes the hardware refresh cycle of quick-service restaurant customers.
0:00 / 0:02exact quote · 2.9s
720p mp4 · rendered on demand · StarZero watermark
“And they usually do a hardware swap every like three to four years.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from David Nadirzdin
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 NadirzdinDec 1, 2021▶ 3:30Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
AssertionNot 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 NadirzdinDec 1, 2021▶ 2:10Myr 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 NadirzdinDec 1, 2021▶ 9:30Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
AssertionNot 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 NadirzdinDec 1, 2021▶ 10:29Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
PredictionNot 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 NadirzdinDec 1, 2021▶ 12:52Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
AssertionNot 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 NadirzdinDec 1, 2021▶ 14:55Myr POS SaaS For SMB's hits $1.2m ARR, Raised at $7.5m Valuation with 400 Customers
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 2,600 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.