The text and background are both really blurry, and the complete blackness on either side is boring. The text doesn't match the background at all either, when you're doing a sig where the text is the main focal point it needs to atleast somewhat resemble and blend with the background, otherwise they're 2 separate entities and completely boring to look at.
Most of it seems boring, it's very low quality (try sharpening more? :\), the 2nd version is bombarded with negative spacing (negative spacing is only good when it matches the depth of a signature), the 2nd version's focal recognition is pretty bad (you can't even see most of the logo), they're both somewhat boring to look at (I think I maybe nitpicking too much ).
Anyways, I suggest not doing logo based focals. They're just not fun and are very hard to do imo.