Velocity Signs

Velocity Signs
Private
Founded 2006
Founder Scott Adams and Josh Faherty
Headquarters Sacramento, California
Website www.velocitysigns.com

Velocity Signs is a sign-waving machine manufacturer based in Sacramento, California.[1][2][3] The company produces portable and rechargeable sign-waving machines.[2] Scott Adams is Velocity Signs' President and CEO.[2] The company appeared on Shark Tank in April 2014.[2][4][5][6]

History

In 2006, Scott Adams and Josh Faherty, an engineer, developed the idea for a sign-waving machine. They began manufacturing devices in 2009.[2] The machines are made in the United States.[7] During Velocity Signs' first year, it generated $257,000 in sales.[8] The company appeared on Shark Tank in April 2014.[2][4][9][10] Velocity Signs was selected from a pool of 30,000 applicants to appear on the television show.[5] Mark Cuban, Robert Herjavec and Kevin O'Leary invested $225,000 for a 30% interest in the company.[2][11][12] Lori Greiner and Barbara Corcoran also offered funding.[2] Velocity Signs' clients include Subway, Burger King and Chevrolet and Ford automobile dealerships.[7]

References

  1. ↑ "Faux Model Behavior". August 2013. Retrieved May 25, 2015.
  2. 1 2 3 4 5 6 7 8 "Velocity Signs orders pick up speed after Shark Tank appearance". April 24, 2014. Retrieved May 25, 2015.
  3. ↑ "Business Lessons from Shark Tank Happy Feet Womens Shape Wear Velocity Signs Bean Bag Beds & Lord Nut Levington's Flavored Peanuts". April 10, 2014. Retrieved May 25, 2015.
  4. 1 2 "Happy Feet, Lord Nut Levington, Velocity Signs, Hold Your Haunches". April 10, 2014. Retrieved May 25, 2015.
  5. 1 2 "Willits entrepreneur scheduled for "Shark Tank"". April 9, 2014. Retrieved May 25, 2015.
  6. ↑ "Shark Tank Fan Podcast #81". Retrieved May 25, 2015.
  7. 1 2 "Velocity Signs". Retrieved May 25, 2015.
  8. ↑ "Shark Tank Recap: Velocity Signs Looks To Replace Human Sign Spinners". Retrieved May 25, 2015.
  9. ↑ "Shark Tank". Retrieved May 25, 2015.
  10. ↑ "Shark Tank". Retrieved May 25, 2015.
  11. ↑ "How to Attract Attention with Moving Signs". April 11, 2014. Retrieved May 25, 2015.
  12. ↑ "'Shark Tank' review: Happy Feet, Hold Your Haunches, Velocity Signs, Lord Nut Levington". April 10, 2014. Retrieved May 25, 2015.
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