In this article, I will discuss the fixed net worth before and after its appearance on Shark Tank. Shark Tank is a popular television show where entrepreneurs pitch their business ideas to a panel of wealthy investors, including Mark Cuban. We will explore the success story of Fixed App, its founder, and its journey on Shark Tank.
Key Takeaways:
- Fixed App appeared on Shark Tank in Season 7 Episode 14.
- The company valuation during the pitch was $14 million.
- Mark Cuban agreed to invest $700,000 for 7% of the company, but the deal was never finalized.
- Fixed App was acquired by a major legal firm in 2016.
- Despite challenges, Fixed App raised over $1.8 million in funding before its Shark Tank appearance.
What is Fixed? Who is the founder of Fixed?
The Fixed App is a mobile application designed to assist users in challenging potential parking fines. It offers a convenient solution for users who want to dispute their parking tickets. The app allows users to upload a photo of their parking ticket, which is then scanned for common mistakes. It then generates a customized letter for users to formally contest the ticket with the relevant authorities.
The founder of Fixed is David Hegarty, a California native. He holds an engineering degree from University College Dublin and an MBA from Northwestern University. With his technical expertise and business acumen, Hegarty developed the Fixed App to simplify and streamline the process of challenging parking tickets, ultimately providing users with an accessible tool to navigate the legal system.
Key Features of the Fixed App:
- Photo upload functionality for parking tickets
- Automatic scanning for common mistakes on tickets
- Generation of customized dispute letters
- Convenient and user-friendly interface
Founder Profile – David Hegarty:
Name | David Hegarty |
---|---|
Education | Engineering degree from University College Dublin MBA from Northwestern University |
Background | California native |
Role | Founder of Fixed App |
Fixed Shark Tank Pitch and Updates
During its appearance on Shark Tank, the Fixed App pitch by founder David Hegarty generated considerable interest. Hegarty sought a $700,000 investment for a 5% stake in the company. However, renowned billionaire investor Mark Cuban saw potential and offered $700,000 for a 7% equity share. Although the deal wasn’t finalized, this marked a significant achievement for the Fixed App.
Following its appearance on Shark Tank, Fixed faced various challenges. The app encountered difficulties collaborating with municipalities and navigating legal obstacles. Despite these hurdles, Fixed persevered and managed to secure funding. In 2016, the app took a major stride when it was acquired by a prominent legal firm, which provided the platform with valuable resources and support.
As of 2023, the Fixed App is no longer available. While it was discontinued, it made a lasting impact on individuals dealing with parking tickets and related legal issues. The app’s focus shifted to aiding users in resolving insurance premium problems before its discontinuation. Despite its ultimate fate, Fixed App’s innovative approach to simplifying the process of contesting parking tickets remains noteworthy.
Fixed Shark Tank Pitch and Updates | |
---|---|
Founder | David Hegarty |
Investment Sought | $700,000 |
Equity Offered | 5% |
Mark Cuban’s Offer | $700,000 for 7% equity |
Acquisition Year | 2016 |
Discontinuation Year | 2023 |
Competitors and Conclusion
When it comes to challenging parking fines, the Fixed App faced competition from other players in the market. One such competitor is Parking Panda, a popular platform for finding and booking parking spaces. While the net worth of the Fixed App is currently unknown due to its acquisition by a legal firm, its impact on the legal landscape cannot be ignored.
Despite its discontinuation as a standalone app in 2016, the Fixed App revolutionized the process of contesting parking tickets. By enabling users to effortlessly upload their tickets and generating customized dispute letters, it simplified a complex and often frustrating procedure. This made it more accessible for individuals seeking justice within the legal system.
Although Fixed had its share of challenges, it was considered a valuable tool by many users. Its focus on addressing issues with insurance premiums further showcased its versatility. While the app may no longer be available, its influence remains, and its success story continues to inspire entrepreneurs and innovators alike.
FAQ
What is the current net worth of Fixed App?
The current net worth of Fixed App is unknown as it was acquired by a major legal firm in 2016.
Did Mark Cuban invest in Fixed on Shark Tank?
Yes, Mark Cuban offered to invest $700,000 for 7% equity in Fixed, but the deal was not finalized.
How much funding did Fixed App raise before appearing on Shark Tank?
Fixed App managed to raise over $1.8 million in funding before its Shark Tank appearance.
Why is Fixed App no longer available?
As of 2023, the Fixed App is no longer available as a standalone app. It focused more on solving issues with insurance premiums before discontinuation.
Who is the founder of Fixed App?
The founder of Fixed App is David Hegarty, a California native with an engineering degree from University College Dublin and an MBA from Northwestern University.
What was the outcome of Fixed’s collaboration with municipalities?
Fixed faced challenges collaborating with municipalities and encountered legal trouble.
What happened to Fixed App after appearing on Shark Tank?
After the show, Fixed App was acquired by a major legal firm and underwent updates and changes.
Who are the competitors of Fixed App?
One of the competitors of Fixed App is Parking Panda.
What impact did Fixed have on contesting parking tickets?
Fixed simplified the process of contesting parking tickets and made it more accessible for users, becoming a valuable tool for individuals navigating the legal system.