Fixed App Shark Tank Update | Fixed App Net Worth
The Fixed App was a convenient tool to help consumers contest parking tickets featured on Season 7 of Shark Tank, seeking investment from the Sharks.
The Fixed App allows users to take a picture of their ticket, which is then analyzed for errors, analyzes the common technicalities for that type of ticket, and guides them through contesting it.
The app aimed to make the often convoluted legal process more accessible for the average person.
Fixed App features include scanning parking tickets for errors, automated legal guidance, and convenience – all of which make it an ideal tool for people dealing with parking tickets frequently.
If the ticket were dismissed, the user would pay a fixed portion of the ticket’s cost. If the ticket were not dismissed, the user wouldn’t owe anything to Fixed.
The Fixed App could be a good choice for a few reasons. It empowered people to fight unjust or erroneous parking tickets, which they may not have had the resources or knowledge to do otherwise.
The app could save users significant money, especially those frequently receiving tickets. It provided a solution to a common problem relatable to many, thus making it a relevant and beneficial service.
| Company Name | Fixed App |
| Entrepreneur | David Hegarty |
| Product | A parking ticket-fighting app |
| Investment Asking For | $700,000 For a 5% stake in Fixed App |
| Final Deal | $700,000 For a 7% stake in Fixed App |
| Shark | Mark Cuban |
| Fixed App Episode | Season 7, Episode 14 |
| Fixed App Business Status | Acquired |
| Fixed App Website | Visit Website |
| Fixed App Net Worth | $0 |
What Is Fixed: Parking Ticketing App?
Fixed App is a mobile application that helps users dispute parking tickets. Users can take a photo of their ticket, provide details about the violation, and submit it through the app.
The Fixed Ticket App lets users contest potentially erroneous parking tickets in a streamlined, technological process. An individual upload a photograph of their boarding pass to initiate the process.
The App starts by looking for common miscitations that could lead to ticket rejection. The user will then receive a customized contest letter to submit to contest the ticket issuance formally.
Fixed App then reviews the ticket and provides personalized recommendations on how to fight it. The app also offers a paid service where they will handle the entire dispute process on behalf of the user.
Fixed App is designed to simplify the process of disputing parking tickets. Here are some more details about the app:
- Ticket Submission: Users can take a photo of their parking ticket using the app’s camera feature. They can manually enter the violation type, date, time, and ticket location.
- Review and Analysis: After submitting the ticket, Fixed App’s team reviews it to identify any potential errors, inaccuracies, or legal loopholes that could help in disputing the ticket.
- Recommendations: Based on the analysis, Fixed App provides personalized recommendations to users on how to fight the ticket effectively. These recommendations may include specific legal arguments, evidence requirements, or procedural steps to follow.
- Document Generation: Fixed App helps users generate customized documents such as dispute letters or evidence packets that can be submitted to the appropriate authorities.
- Tracking and Updates: Users can track the progress of their ticket dispute within the app. They receive updates on developments, such as responses from authorities or court dates.
- Paid Service: In addition to the free features, Fixed App also offers a paid service where they handle the entire dispute process on behalf of the user. This includes preparing documents, communicating with authorities, and representing the user in court if necessary.
Who Is The Founder Of Fixed: Parking Ticketing App?
David Hegarty founded the Fixed App. Before starting Fixed, David had an interesting career trajectory that brought him into the tech industry.
He has a diverse background, having held positions in multiple sectors, which likely contributed to his innovative thinking and entrepreneurial spirit.
He worked as a Product Lead for Opendoor, an online real estate company, and later as the Director of Product Management at Credit Karma. After dealing with his parking ticket frustrations, David conceived the idea for Fixed App.
The complexity of parking regulations, the possibility of errors by parking attendants, and the general inconvenience of contesting parking tickets were all issues that he faced.
Recognizing that many others likely had the same experiences, he saw an opportunity to create a solution to streamline the process and make it more accessible for everyone.
Before appearing on Shark Tank, Fixed was a service designed to automate contesting parking tickets, which was slow, expensive, and required substantial legal knowledge.
With Fixed, users could simply take a picture of their ticket, and the app would evaluate its contestability. If the ticket could be contested, a customized letter would be drafted and sent to the relevant office.
Fixed only took a cut of the ticket’s value if the appeal was successful, making it a risk-free option for users.
Despite the app’s potential, it was not without its challenges. At its Shark Tank appearance, Fixed had already experienced some pushback from local governments, particularly the San Francisco Municipal Transportation Agency (SFMTA).
The company needed funds to expand its reach to other cities and further develop its services, leading David to seek an investment from the Sharks. This expansion was crucial for overcoming their challenges and scaling the company effectively.
How Was The Shark Tank Pitch Of Fixed: Parking Ticketing App?
When David Hegarty, founder of the Fixed App, entered the Shark Tank, he sought an investment of $700,000 in exchange for 5% equity in his company, valuing Fixed App at $14 million. This presented an implied valuation of $14 million for the company.
David began his pitch by framing Fixed as a solution to a common frustration, bringing an emotional element into the picture.
He described Fixed as a “peace-of-mind” service that eliminated the need for extensive legal knowledge, allowing users to contest their parking tickets conveniently and effectively.
While the app’s success rate was around 25%, the fact that customers only paid if their ticket was successfully contested made it a low-risk option.
Additionally, Fixed offered a service to pay uncontested tickets for a $2 convenience fee, which David argued was cheaper than most government-sanctioned payment options.
Despite David’s compelling pitch, some of the Sharks had reservations. Chris Sacca, in particular, questioned the business model’s sustainability in light of emerging technologies and services, like Uber and autonomous vehicles, which could potentially decrease the occurrence of parking violations.
Kevin O’Leary expressed concerns about the business model relying on repeat offenders of parking laws and the ethical implications of battling against government regulations.
Mark Cuban, however, saw the potential in Fixed and was interested in the opportunity to challenge government inefficiencies. Despite acknowledging the operational challenges that the business could face while scaling, he offered to become a strategic partner.
Mark Cuban proposed $700,000 for a 7% stake in the company, reducing the company’s valuation to $10 million. This deal, known as a “flat round,” raised concerns for David as it did not increase the company’s value, potentially affecting the returns of early investors.
Cuban suggested that the extra 2% could be structured as advisory shares to address this, implying an increased company valuation.
While initially hesitant due to the significant stake Cuban was asking for, David agreed to the deal after Cuban assured him of his commitment to the business. Thus, the final deal was set with Mark Cuban investing $700,000 for a 7% stake in Fixed.
However, it’s important to note that this deal was agreed upon in the Shark Tank but was not officially confirmed or closed after the show.
As is often the case with reality TV, the agreement in the Tank is a handshake deal and may not proceed in real life due to due diligence or other considerations post-show.
Final Deal: Mark Cuban agreed to invest $700,000 for a 7% stake in Fixed App.
Did Fixed App Get a Deal on Shark Tank?
Yes, Fixed App did get a deal on Shark Tank. During the show, David Hegarty, the founder of the Fixed App, asked for an investment of $700,000 for a 5% stake in his company.
The sharks were intrigued by the concept but had concerns about the scalability and long-term viability of the business. They were also skeptical about the low equity offering and high valuation.
However, Mark Cuban saw potential in the app and decided to negotiate. In the end, he agreed to invest $700,000 in the Fixed App, but for a 7% equity stake instead of the initially offered 5%. This deal valued the Fixed App at approximately $10 million.
It’s worth noting that while the deal was agreed upon on the show, it was never finalized. Later, in 2016, Fixed App was acquired by a law firm called Lawgix Lawyers and ceased operations as a standalone app.
What Happened To Fixed App After Shark Tank?
After appearing on Shark Tank, the journey of Fixed App took a challenging turn. Despite making a deal on the show, the final deal with Mark Cuban never materialized.
To make matters more complex, Fixed confronted municipalities, many of which were uncooperative, adding more hurdles to their business expansion plan.
Another significant obstacle came in the form of legal trouble. Soon after their Shark Tank appearance, a group of attorneys filed complaints to the Bar Association against Fixed, alleging that the service was essentially “practicing law.”
Although Fixed’s founder, David Hegarty, defended the company, stating that they had worked with a Los Angeles ethics counsel to ensure they adhered to all regulations and rules, these legal issues further complicated their operations.
Six months after the Shark Tank episode aired, Fixed sold the company. A startup called Lawgix, a collection litigation firm that provides services to external law firms and internal collection agencies, reportedly purchased the company. However, details of the acquisition were not publicly released.
As of 2023, the Fixed App is no longer available, and their social media accounts appeared to have been abandoned. Their last public update on Facebook was in 2018, announcing a revamped customer experience and a new website.
David Hegarty, the founder of Fixed, moved on to other ventures. He worked in several significant roles for companies like Opendoor and Credit Karma before founding another service called Playbook in 2021.
Playbook is a financial tool designed for tax optimization and geared toward higher-earning millennials. Despite the demise of Fixed, it appears that David continues to focus on innovative solutions and challenging traditional systems.
Fixed: Parking Ticketing App Shark Tank Update
After appearing on Shark Tank, the Fixed App experienced growth and challenges. The app gained popularity and attracted attention from users. However, it also faced resistance from city governments that attempted to block its access to parking ticket information.
In 2016, the Fixed App was acquired by a law firm called Lawgix Lawyers. The law firm aimed to integrate the technology of the Fixed App into its legal services platform.
As a result of the acquisition, the Fixed App ceased operations as a standalone app, and its services were no longer available to the public.
While the Fixed App is no longer in business, its concept has inspired similar services that aim to simplify the disputing of parking and traffic tickets.
These services utilize technology and user-friendly interfaces to make contesting tickets more accessible and efficient for users.
The final deal that Mark Cuban agreed to on the Shark Tank show was never finalized, and the Fixed App encountered difficulties collaborating effectively with cities.
Ultimately, it was acquired by an undisclosed large legal firm in 2016. The net worth of the Fixed App is unknown as of 2023 due to the acquisition.
Is Fixed: Parking Ticketing App Still In Business?
Our research shows that Fixed, the app developed by David Hegarty to contest parking tickets, is no longer in business. The company was eventually blocked from use in certain municipalities, such as Los Angeles and San Francisco.
In 2016, a law firm purchased the company, and the website no longer appears operational. Therefore, it can be concluded that the Fixed app is no longer in business.
What Is the Net Worth Of the Fixed App?
According to our research, the net worth of Fixed App is estimated to be $0 since the company is out of business. The valuation of Fixed App was $7 million after securing an investment from Mark Cuban on Shark Tank.
Also, read about other businesses that appeared on Season 7 of Shark Tank:
