Fixed was an app developed to “fix” traffic or parking tickets. You take a photo of your ticket in dispute, answer a few questions and then given the option of hiring a lawyer in the Fixed network so you don’t have to go to court. The founder of Fixed, Dave Hegarty of San Francisco, pitched his business on Shark Tank in 2016 where on the show he accepted a $700,000 offer from Mark Cuban in exchange for 7 percent equity. (Hegarty went into the Tank seeking $700k for 5 percent.)
[Related: 27 Favorite ‘Shark Tank’ Products at Amazon — New List]
But after Shark Tank, Hegarty said attorneys started to file complaints to the Bar Association about Fixed. Some argued that the service Fixed offered was “like practicing law.” Hegarty told Tech Crunch, “We had worked with an ethics attorney in L.A. to stay in compliance with all these rules and regulations, but it just became really hard. It was another stranglehold on the business.” Six months after the Fixed Shark Tank episode aired, Fixed was acquired by law firm/tech company Lawgix which describes itself as “collection litigation that empowers creditors and their internal legal divisions to provide oversight and collaboration among internal collectors and external law firms.” (The terms of the acquisition were not disclosed.) According to LinkedIn, Hegarty (an MBA grad from Northwestern) is currently working at Opendoor, an online real estate company based in San Francisco.
