Velocity Signs Shark Tank Net Worth (Before and After Shark Tank)

Velocity Signs, a mechanical sign company founded by Scott Adams and Josh Faherty in 2006, gained significant attention when they appeared on the hit TV show Shark Tank. Let’s take a closer look at their net worth before and after their Shark Tank experience.

Key Takeaways:

• Scott Adams and Josh Faherty founded Velocity Signs in 2006.
• Their net worth was $1.5 million in 2014 after making a deal on Shark Tank.
• Velocity Signs went out of business in 2019, and their current net worth is unknown.

Velocity Signs Pitch on Shark Tank

During their memorable appearance on Shark Tank Season 5 Episode 23, Velocity Signs founders Scott Adams and Josh Faherty showcased their innovative mechanical signs. The duo presented their pitch, seeking a $225,000 investment in exchange for a 15% equity stake in their company.

The Sharks, including Mark Cuban, Robert Herjavec, and Kevin O’Leary, recognized the potential of Velocity Signs and made a counteroffer. They proposed investing the same amount but requested a larger equity share of 30%. Adams and Faherty carefully considered the offer and ultimately accepted it, opening up new opportunities for their business.

With the support and guidance of the Sharks, Velocity Signs was able to optimize their product’s cost and weight, making their mechanical signs more efficient and appealing to customers. The exposure and expertise gained from being on Shark Tank allowed the founders to further refine their business strategy and expand their reach.

Velocity Signs Website and Products

After their appearance on Shark Tank, Velocity Signs gained significant attention, and their website became a hub for customers interested in their innovative signage solutions. However, since the company went out of business in 2019, their website is no longer active, and their products are no longer available for purchase. The Velocity Signs brand and its offerings are now part of Shark Tank history.

While Velocity Signs may no longer be in operation, their impact as entrepreneurs and their journey on Shark Tank continue to inspire aspiring business owners. The founders, Scott Adams and Josh Faherty, demonstrated their entrepreneurial spirit and resilience by bringing a unique product to the market and seizing the opportunity to pitch it on a national stage.

Key Points	Details
Shark Tank Episode	Season 5, Episode 23
Velocity Signs Website	No longer active
Velocity Signs Products	No longer available

Velocity Signs Key Accomplishments

Let’s take a closer look at the key accomplishments of Velocity Signs and its founders, Scott Adams and Josh Faherty. Since its founding in 2006, Velocity Signs has left a significant mark in the industry.

After their successful appearance on Shark Tank, Scott Adams and Josh Faherty saw their net worth skyrocket to $1.5 million. This achievement is a testament to their entrepreneurial talent and the potential they saw in their mechanical sign company.

Velocity Signs was able to secure deals with prominent national brands, including Burger King, Subway, Chevrolet, and Ford. These partnerships showcased the credibility and quality of Velocity Signs’ products, further solidifying their place in the market.

As of 2023, Scott Adams and Josh Faherty, the founders of Velocity Signs, maintain a net worth of $1.5 million. Their dedication and hard work have undoubtedly contributed to their success.