Fixed Shark Tank Update

Fixed Shark Tank Pitch

David Hegarty appeared on Shark Tank Season 7, Episode 14, which aired on January 14, 2016, with app that fights parking tickets for you .

Fixed is listed in the Software Tech category. In plain terms, the business is described as app that fights parking tickets for you .

Fixed asked the Sharks for $700,000 for 5%, implying a valuation of about $14 million.

On the show, Fixed made a listed deal with Mark Cuban for $700,000 for 7%.

If treated as straight equity, the listed deal works out to about $10.0 million implied valuation, down from the original $14 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Fixed After Shark Tank

Fixed accepted an on-air Shark Tank deal for $700,000 for 7%. The on-air deal did not close. The business is now listed as out of business. (Fixed Shark Tank Update

In October 2015, the company was blocked from municipal websites in San Francisco, Oakland and L.A. (Fixed Shark Tank Update

In 2016, Lawgix, a large tech/law firm bought the business for an undisclosed amount. (Fixed Shark Tank Update

The deal didn't work out for the law firm as Fixed is out of business and they've transitioned to a debt collection firm. (Fixed Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches