Shark Tank: fastened, A Parking Ticket App, Earns investment From Mark Cuban for $seven-hundred,000

by using Erica Abbott January 15, 2016

January 15, 2016

bustle.com

bustle.com

First into the tank is mounted searching for $ seven-hundred,000 for five percent fairness.

fixed is an app that fights back against parking tickets by using finding errors within the ticket thru an algorithm. With a shark’s investment, they hope to enlarge into more cities that may quilt violations comparable to dashing, crimson lights, cease signs and more.

The app is free however does include a “success fee” charge. The ticket may also be brushed aside for inaccurate information once the ticket is contested through an lawyer that’s contacted via mounted.

they’ve made $ 80,000 this 12 months, which quick turns off the sharks. $ 5 to $ 6 will also be made from a ticket that’s successfully contested.

Social reactions from fixed’s look on “Shark Tank”:

visitor shark Chris Sacca doesn’t consider that sufficient folks would have an interest within the app, however, the entrepreneur cites other areas to get involved, together with speeding tickets. Sacca doubts his possible boom charge and Kevin O’Leary questions the premise as well. Robert Herjavec is the primary to move out for a similar motive as Sacca.

taking out government revenue concerns O’Leary, so goes out. Lori Greiner goes out as smartly, for now not having the ability to see the place the app might be taken.

given that he believes automotive ownership goes away and his investments in Uber, Sacca goes out. Mark Cuban, in traditional style, waits except the last second to strike and offers $ 700,000 for seven %. the extra two percent comes into play for advisory charges. ultimately, he accepts.

final deal: Mark Cuban for $ 700,000 for seven percent.

Would you utilize the fixed app?

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