Scott Adams and Josh Faherty are the entrepreneurs behind Velocity Signs. The company makes portable, self-standing signs that move to attract passersby. They pitched their business on Shark Tank in 2014 and after a chaotic bidding war — they received offers from all the Sharks — they accepted a deal with Mark Cuban, Kevin O’Leary and Robert Herjavec — $225,000 for 30 percent equity (with each Shark investing $75k for 10 percent). [Best SHARK TANK Christmas Gifts for this year]
Since Shark Tank, Velocity Signs moved forward with the Mannequin Model which sells for $1449 and revenues went from $500,000 to $3 million the next year.
[Related: 27 Favorite ‘Shark Tank’ Products — New List]
