Velocity Signs Net Worth 2023 Update (Before & After Shark Tank)

Shark-Tank-US-Net-worth-Update-S05E23-Velocity

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
InvestorsMark Cuban, Robert Herjavec, Kevin O’Leary
FoundersScott Adams, Josh Faherty

Velocity Signs Net Worth Timeline

Net Worth 2023Out 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 nameVelocity Signs
ProductMechanical signs
EpisodeSeason 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
SharksMark Cuban, Robert Herjavec, Kevin O’Leary
LocationGranite Bay, CA

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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

YearAccomplishment
2019Velocity Signs also featured in the Sacramento Business Journal,
2014Velocity 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.