Spergo Clothing On Shark Tank Season 13 (Update)
Featured on Shark Tank
Spergo Clothing On Shark Tank Season 13
Spergo is a clothing line created by teenager Trey Brown. The brand focuses on stylish and comfortable streetwear, aiming to inspire and empower young people. By the age of 15, Trey had already achieved $1.8 million in sales. Impressed by his vision and determination, Daymond John invested $300,000 for 20% equity. Summary:
- Company Name: Spergo
- Founder: Trey Brown
- Founded: 2018
- Product: Streetwear clothing line
- Asked For: $300,000 for 10% equity
- Final Deal: $300,000 for 20% equity with Daymond John
- Season/Episode (Shark Tank USA): Season 13, Episode 5
- Business Status: In Business
- Headquarters: Philadelphia, Pennsylvania, USA
- Lifetime Worth (Sales): Estimated $2M
- Investor: Daymond John
- Go To Amazon: Buy Now
- Watch On: Amazon Prime
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Description
Spergo Clothing On Shark Tank Update – Shark Tank Season 13
Trey Brown and his mother, Sherell Peterson, pitched their clothing brand Spergo on Shark Tank during Season 13, Episode 5. They sought $300,000 for a 10% equity stake in their inspirational clothing line, which combines elements of sports, heroism, and motivation.
The name “Spergo” is a blend of “sports,” “hero,” and “go-getter” and reflects their mission to inspire youth and provide alternatives to street violence.
Deal and Reception
During the pitch, Daymond John offered $300,000 for a 20% stake, while Mark Cuban proposed the same amount for 25%. Ultimately, Trey accepted Daymond’s offer.
The Sharks were impressed with Trey’s entrepreneurial spirit and the brand’s quality, which had already seen significant sales growth, totaling around $1.8 million in just three years prior to the show.
Post-Show Success
Following the appearance on Shark Tank, Spergo experienced a dramatic increase in orders, reportedly processing over 1,000 online orders in just five days after the episode aired.
The company has since expanded its retail presence, opening additional locations including one in the Pentagon City Mall in Arlington, VA, and has plans for more pop-up shops across various cities.
By the end of 2021, Spergo’s sales reached approximately $2.5 million, and in 2022, they grew to $3 million.
As of October 2023, sales are projected to be around $4 million for the year. Trey has also been recognized on AfroTech’s “Future 50” list and continues to develop the brand, including plans for a sneaker line.
Community Impact
Trey’s journey is not just about business; he aims to inspire others in his community. He has been involved in various charitable activities, including feeding the less fortunate and visiting sick children.
His story has resonated with many, leading to partnerships with notable figures and organizations, including a grant from Sean “Diddy” Combs and support from the NBA’s Philadelphia 76ers through their Buy Black Program.
