Moreso the font but the effect could use a touch up as well. Work on incorporating more text and making it fit though.
Alright that font is a good start. I don't like the LJ text like that though. What I would do is either keep the LJ text like that and add subtext running across above the name, or re-do the text entirely. V2 is better though. It's just that you need more text there and that you need to work on what looks good with each sig.