Velocity Signs

Name: Velocity Signs
Availability: InStock

Deal

Novelties

Season 5 · Ep 23 Business ServicesAired April 10, 2014

Velocity Signs is a novelties that got its big break on Shark Tank in Season 5, and convinced Mark Cuban and Robert Herjavec and Kevin O'Leary to invest.

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From the show

The Shark Tank pitch

$225K
Asked for: 15%
Offered equity: $1.5M
Sought valuation: $225K
Deal amount: 30%
Deal equity: $750K
Deal valuation

Founder Scott Adams and Josh Faherty stepped onto the carpet in Season 5, Episode 23 in the episode that aired April 10, 2014, bringing their Sacramento, CA business with them. Velocity Signs, the novelties, pitched in the Business Services category, one of 42 business services businesses to brave the Tank across all 17 seasons.

The ask was $225,000 for 15% of the company, an implied valuation of $1.5M.

Mark Cuban, Robert Herjavec and Kevin O'Leary teamed up at $225,000 for 30% equity. That priced the company at $750K, a haircut from the $1.5M the founders walked in asking for, which is how negotiations in the Tank usually go.

Season 5 saw 116 pitches, and 60 of them closed a deal on air. In the Business Services category overall, roughly 52% of pitches have landed a shark across the show's history.

Mark Cuban$75K Robert Herjavec$75K Kevin O'Leary$75K

Is Velocity Signs still in business?

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Frequently asked questions

Where can I buy Velocity Signs?

Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.

Did Velocity Signs get a deal on Shark Tank?

Yes. Velocity Signs closed a deal for $225,000 in exchange for 30% equity, with Mark Cuban and Robert Herjavec and Kevin O'Leary.

Which shark invested in Velocity Signs?

Mark Cuban and Robert Herjavec and Kevin O'Leary invested in Velocity Signs ($225,000 total as aired).

What season of Shark Tank was Velocity Signs on?

Velocity Signs appeared in Season 5, Episode 23, which aired April 10, 2014.

How much was Velocity Signs asking for on Shark Tank?

The founders asked for $225,000 for 15% of the company, a $1.5M valuation.

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