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Mike McDerment: Using Powerful Accounting Software to Collect More Money Faster

Mike McDerment is the Co-Founder and CEO of FreshBooks, the world’s #1 cloud accounting software for self-employed professionals. Built out of frustration after accidentally saving over an invoice, Mike spent 3.5 years growing FreshBooks from his parents’ basement. Since launching in 2003, over 10 million people have used FreshBooks to save time billing, and collect billions of dollars. A lover of the outdoors, Mike has been bitten so many times it’s rumoured he’s the first human to have developed immunity to mosquitoes.

In January 2003, Mike was running a four-person design agency and using Microsoft Word to create invoices. One day, he accidentally saved over an old invoice, and something in him snapped – he knew there had to be a better way. Over the next two weeks, he coded up a solution and eventually turned that side project into what is now FreshBooks.

To keep the lights on, he moved into his parents’ basement for 3.5 years and completely revamped how he ran his design firm to the point where he only worked 19 days in one year — while generating over $200,000 to bootstrap the company that would become FreshBooks.

Today, Mike has grown FreshBooks to nearly 300 people serving more than 10 million users in 160+ countries. To help self-employed professionals set better rates, Mike also co-authored Breaking The Time Barrier, which has been downloaded more than 300,000 times.

 

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We are passionate about helping our clients secure business credit and financing, and offering both as a service. Of course, we’re going to have great things to say about our company because we think what we do and how we do it is pretty awesome. What really matters is what our clients have to say, so click below to hear from some of our customers who we live to serve.
ChristineFarrell - Christine Farrell

Christine Farrell

Farrell Transportation
LaGrange, IN

“One of the biggest surprises was when we got the Apple approval for twelve-thousand-five-hundred. The gu …

Michelle Mitchell - Michelle Mitchell

Michelle Mitchell

760 Credit
Oakland CA

Hi I’m Michelle, I’m at Sacramento CA, I was just sitting here and I was going through my Business Suite …

Brian Howard - Brian Howard

Brian Howard

PPC LLC
Marietta GA

Hey guys this is Brian Howard with BKH Credit Group in Atlanta Georgia. Just wanted to take a moment to t …

Joel Ibarguen NCP - Joel Ibarguen NCP

Joel Ibarguen NCP

National Credit Partners
Santa Rosa CA

Hey what’s up this is Joel Ibarguen in Runner Park, California. I have been part of the Business Finance …