“Velocity Signs” got featured on Shark Tank America in April 2014.The current net worth of Velocity Signs is unknown, as the business is not in operation since 2019. And the product is no longer available in the market. According to our online research, Velocity Signs went out of business in 2019.
| Velocity Signs’ Net worth before appearing on Shark Tank | 1.5 Million USD (business valuation) |
| Velocity Signs’ Current Net worth (2023) | Out of Business |
| Episode | Season 05 Episode 23 |
| Company name | Velocity Signs |
| Product | The original sign waving machine |
| Founder | Scott Adams and Josh Faherty |
| Asked for | $225,000 for 15% Equity |
| Final deal | $225,000 for 30% Equity |
| Shark | Kevin O’Leary, Mark Cuban, and Robert Herjavec |
| Business status | Out of Business |
| Location | Sacramento, California |
Velocity Signs’ founders, Scott Adams and Josh Faherty, net worth is unknown.
Key accomplishments:
| Year | Accomplishment |
| 2015 | Made secured agreements with National brands |
Conclusion:
Some companies that appear on the show have not achieved great success, and the Velocity Signs was one of them. Sometimes businesses don’t succeed because of 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, the Velocity Signs went out of business in 2019. And the product is no longer available in the market.