By: Pete Troshak
Twitter: @Shak74
Website: www.Shak74.com
Have you ever seen one of those guys standing on the side of the road holding an ad for a business and felt sorry for them? It's a miserable job, and frankly the sight of a disheveled, sweaty employee tiredly waving a sign in the heat is neither professional nor likely to draw a lot of customers. Scott Adams and Josh Faherty came into the Shark Tank with a solution for this advertising dilemma. Their company is Velocity Signs, and their products are large rechargeable waving signs that are placed in the ground or on sidewalks outside of businesses. The signs have a heavy base that sits on the lawn, and consist of a directional arrow front-piece that bobs and weaves creating a dynamic and eye-catching 3D form of advertising that points customers in the direction of the business. Scott and Josh were asking for $225,000 for 15% of their company. The company made a quarter of a million dollars last year, and is projecting to grow to $2.5 million next year.
