Velocity Signs

Last updated
Velocity Signs
TypePrivate
Founded2006;18 years ago (2006)
FounderScott 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]

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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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