Velocity Signs, a Mechanical sign, was started by Scott Adams, and Josh Faherty in 2006. Velocity Sign’s net worth was $1.5 Million in 2014 based on the Shark Tank deal.
On April 10, 2014, they appeared on Season 5 of Shark Tank USA and made a deal with Mark Cuban, Robert Herjavec, and Kevin O’Leary, $225,000 in exchange for 30% equity.
Velocity Signs went out of business in 2019. Their products are no longer in the market.
Velocity Signs Net Worth
| Net worth | $1.5 Million (Business valuation) |
| Lifetime sales | – |
| Investors | Mark Cuban, Robert Herjavec, Kevin O’Leary |
| Founders | Scott Adams, Josh Faherty |
Velocity Signs Net Worth Timeline
| Net Worth 2023 | Out Of Business |
| Net worth valuation in 2014 after appearing on Shark Tank | $750,000 |
| Net worth valuation in 2014 before appearing on Shark Tank | $1.5 Million |
Velocity Signs Pitch on Shark Tank
| Company name | Velocity Signs |
| Product | Mechanical signs |
| Episode | Season 05 Episode 23 |
| Founders | Scott Adams, Josh Faherty |
| Asked for | $225,000 in exchange for 15% equity |
| Final deal | $225,000 in exchange for 30% equity |
| Sharks | Mark Cuban, Robert Herjavec, Kevin O’Leary |
| Location | Granite Bay, CA |
Don’t miss these products from Season 5
Velocity Signs Founders
Velocity Signs was founded by Scott Adams, and Josh Faherty in 2006. Scott is a smart entrepreneur. Josh Faherty wants to grow the business in a precious way. Velocity Signs’s founders, Scott Adams, and Josh Faherty, have a net worth of USD 1.5 Million as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2019 | Velocity Signs also featured in the Sacramento Business Journal, |
| 2014 | Velocity Signs appeared on Shark Tank |
Conclusion
Some companies that appear on the show have not achieved great success, and Velocity Signs is one of them. Sometimes businesses don’t succeed for many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Velocity Signs went out of business in 2019. And the product is no longer available in the market.
