Bootstrapping to Success with Mike McDerment

Show Summary

The road to success is often not easy or clear.  Our guest, Mike McDerment, shares his journey of starting FreshBooks with nothing and the blunders he made along the way. Welcome to episode 240 of the Entrepreneurship Elevated Podcast!

Our Guest

Mike McDerment is co-founder and CEO of FreshBooks, the world’s #1 accounting software in the cloud for self-employed professionals and their employees. Prior to FreshBooks, Mike ran his own design firm where he accidentally saved over an invoice and realized an unmet need in the market. In 2003, he started FreshBooks from his parents basement in Toronto. Since then, over 10 million people have used FreshBooks to save time billing, look professional, and collect billions of dollars. Mike and his team dedicate themselves to executing extraordinary experiences everyday for customers who want to focus on what they love, not their paperwork. Mike has also authored “Breaking The Time Barrier,” a guide to using value-based pricing to unlock your true earning potential which has been downloaded more than 250,000 times.

Guest Links


Corporate Partners

Receipt-Bank – Software and service to make the gathering, storage & processing of bills, receipts and invoices as easy and as cost-effective as possible for businesses.

Nextiva – VOIP phone providers for small businesses.



1 thought on “Bootstrapping to Success with Mike McDerment”

  1. Love you guys. But what is up with the sound. I listen in my car and I have to turn it up so loud to hear you all that when I use Waze to get somewhere when the Waze voice comes on it about blows me out of the car. And sometimes, Kelsey is soft and Mike is louder and the guest is the loudest. Can you help? Or is it me not you?

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