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Mike McDerment

Co-founder and Executive Chair, FreshBooks · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

founderexecutiveauthor@MikeMcDerment ↗LinkedIn ↗

In 2003, McDerment co-founded FreshBooks, a cloud accounting software platform designed for small businesses and freelancers. He also co-authored the value-based pricing guide Breaking the Time Barrier: How to Unlock Your True Earning Potential.

6statements → 2claims → 2claims resolved → 4/5average certainty → 1.5/5average debate potential → ≈4.0/5argument clarity, estimated → 5said about them ↓

1 supported 1 partly supported 0 contradicted how the 2 claims stand · each chip opens the sources

2 assertions · 2 insights · 2 disclosures · every statement was checked. The predictions and assertions are the 2 claims: statements the public record can support or contradict. 2 are resolved. 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 Mike argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
FreshBooks avoids phone trees and provides live human phone support
“Like, we don't have a phone tree. You get a live person when you phone us.”
Mike McDerment Dec 20, 2018 ▶ 13:56 1244 Why Freshbooks CEO was Anti-VC, then Raised $75m

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
none yet certainty 3
50% certainty 4
100% certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

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 Mike McDerment on measured tape to publish a rate. This says nothing about how they speak.

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

Insight
McDerment: Free trial models provide higher-confidence learning than freemium
“A freemium model, maybe get more people using, but fewer people paying with a free trial model, you have a decision point, so you can actually learn with more confidence, because there's consistent periods in that, so if you're thinking about business model, t…”
Mike McDerment Dec 20, 2018 ▶ 5:32 1244 Why Freshbooks CEO was Anti-VC, then Raised $75m
Insight
McDerment: Institutional investors provide executive hiring data operators cannot
“One of them runs an 80,000 person company, but couldn't tell me market data, like how much should we pay, you know, executive who does this or like those kinds of things with professional investors. Like, you know, they just give you those answers tickety boo …”
Mike McDerment Dec 20, 2018 ▶ 10:57 1244 Why Freshbooks CEO was Anti-VC, then Raised $75m
Assertion Supported
FreshBooks avoids phone trees and provides live human phone support
“Like, we don't have a phone tree. You get a live person when you phone us.”
Mike McDerment Dec 20, 2018 ▶ 13:56 1244 Why Freshbooks CEO was Anti-VC, then Raised $75m
Assertion Partly supported
FreshBooks has raised over $75M USD in capital
“So I guess at this point we've sort of secured over seventy five million dollars in capital the U S dollars.”
Mike McDerment Dec 20, 2018 ▶ 9:29 1244 Why Freshbooks CEO was Anti-VC, then Raised $75m
Disclosure
McDerment: FreshBooks excludes retail, restaurants, and manufacturing to stay simple
“We're focused on folks who you know, get paid for their time and expertise when serving other people. So we don't serve restaurants. We don't serve retail. We don't serve manufacturing. Really, really around client service based businesses, people who serve ot…”
Mike McDerment Dec 20, 2018 ▶ 3:01 1244 Why Freshbooks CEO was Anti-VC, then Raised $75m
Disclosure
FreshBooks employs slightly under 300 people
“We're a little shy of 300 people is kind of the, you know, one benchmark that, but you know, I yeah, we basically don't disclose, but that's one thing we do.”
Mike McDerment Dec 20, 2018 ▶ 15:54 1244 Why Freshbooks CEO was Anti-VC, then Raised $75m

The other half of the tape: Mike McDerment's own voice is left out of every number here. Other people bring the name up 4 times in 1 episode on Top Founders. 1 statement on the record names them. every mention, with the transcript →

Who brings them up most Nathan Berry 4

Statements about Mike McDerment, by other people (1)

Assertion Supported
Latka notes Forbes reported FreshBooks at over $50M ARR
“Forbes reports over fifty million bucks in annual recurring revenue. He did not confirm or deny that”
Nathan Latka Dec 20, 2018 ▶ 20:30 1244 Why Freshbooks CEO was Anti-VC, then Raised $75m

Every mention by year

tap a year for its mentions
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0112017episodes it came up in
0020.5412017episodesmentions per episode
2017 4 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
1244 Why Freshbooks CEO was Anti-VC, then Raised $75m Dec 20, 2018 11m
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