When a young, enthusiastic entrepreneur enters the tank, you can’t help but root for their success. High school student Trey Brown and his mother Sherell Peterson pitched their inspirational clothing brand, Spergo, on
If you’re short on time, here’s a quick overview of what happened to Spergo after
Trey Brown appeared on
|Accepted deal of $300,000 for 20% equity
|$300,000 for 25% equity
Shark Tank Spergo Update
- Entrepreneurs: Trey Brown and Sherell Peterson
- Business: Inspirational clothing line
- Ask: $300,000 for 10% equity
- Result: $300,000 for 20% equity
- Shark: Daymond John
Trey Brown and his mother Sherell Peterson started Spergo with $178 from Brown’s 12th birthday money. Now, at 15, the company is closing in on $2 million in sales and garnered attention from big-name celebrities like Sean “Diddy” Combs.
At 12, Trey sold 16 shirts to friends and family. The next day, he was hitting barbershops and meeting people around his hometown of Philadelphia and managed to sell out all 40 shirts in short order.
For the last three years, he’s been hitting the streets every Saturday to sell as many shirts as possible.
Spergo, his brand, is an amalgamation of ‘sports’, ‘hero’, and ‘go-getter.’ It’s a feeling and an inspiration, as well as a way to keep his friends off the streets.
Each year, they’ve increased sales dramatically. Trey’s done $1.8 million in lifetime sales, starting with $40,000 in 2018. So far in 2021, they’ve done $938,000.
They sell 30% e-commerce and 70% brick-and-mortar with their three locations. The first location was purchased thanks to a $25,000 grant from Sean “Diddy” Combs, who was inspired by Brown’s story.
All of this is amazing, and the sharks are inspired. In fact, Daymond John can relate well to Trey because he got started with his own clothing company.
Daymond asks what they want to do with the money. Trey and Sherell note they want new clothing designers, digital sales, a faster website, and more resources to sustain their growth.
However, Daymond doesn’t see why they want to scale so much so quickly, since they’re already doing so well.
They explain that they are only producing for the current season, but they need to be a few seasons ahead if they want to have enough stock for increased sales.
The first shark to drop out is Lori Greiner because she doesn’t think she’s the best partner for them.
Next, Kevin O’Leary drops out, as he isn’t a clothing guy.
Robert Herjavec has invested in clothing brands before, like Tipsy Elves, but only online ones. He doesn’t know how to scale a brick-and-mortar business and the prospect is daunting, so he drops out.
This leaves Mark Cuban and Daymond. While Mark absolutely appreciates the vision, they are running at the goal too quickly for him.
Still, he wants to help with their dreams. He offers $300,000 for 25% equity in the company.
After declining a joint venture with Mark, Daymond matches the deal and offers more clothing expertise. Hoping to leave with a deal, Trey counteroffers for 20% equity instead, and Daymond quickly agrees.
Considering the expertise that Daymond John has in the field of fashion, it looks like this couldn’t have gone better for the entrepreneurs. So, what happened to Spergo after
Since the company started, Spergo has been promoted everywhere. This includes the NBA’s Buy Black program, Fox Business, and Ellen. Additionally, they’ve received social media attention from popular celebrities including Sean “Diddy” Combs and Shaquille O’Neil.
Our Spergo update research found that they opened a storefront location in the busy King of Prussia shopping center soon after the episode aired, giving them even more foot traffic.
Also, they’re still hosting special pop-up sales at select locations nationwide and are selling directly from the Spergo website.
Trey is still being recognized for his incredible achievements, as well. He was named to AfroTech’s 2022 Future50 list for his innovative spirit and commitment to community investment.
Unfortunately, our Spergo update research was unable to turn over any current numbers for the company, but they seem to be on track for continued growth.
After all, with a noble mission and celebrity support, we’re confident Trey is well on his way to achieving the lion’s share of success.
If we get any more news on a Spergo update, we will let you know!
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!