SPERGO Shark Tank Update | SPERGO Net Worth
SPERGO is a unisex luxury designer clothing line that appeared on Season 13 of the entrepreneurial reality TV show Shark Tank. This brand was founded by Trey Brown, a young entrepreneur who began his business journey at 12 in 2018.
SPERGO is an amalgamation of the words “Sports” and “Heroes,” a concept that aims to evoke feelings of power, strength, and courage through its design aesthetic. SPERGO offers a diverse product line, including T-shirts, hoodies, shorts, sweatpants, caps, and socks.
The brand prides itself on the high-quality materials and unique design elements that give the wearer a sporty and heroic feel. What sets SPERGO apart is its strong emphasis on affordable luxury, with product prices ranging from $12 to $100.
SPERGO made a name for its unique and stylish designs and deep-seated vision to inspire and motivate. Trey Brown, the founder, is passionate about combating violence in his community and aims to inspire young individuals to follow their dreams.
SPERGO’s story resonates strongly with a wide range of customers, making it a brand with a strong and inspiring story.
Furthermore, the brand has gained considerable visibility and traction, especially after their Shark Tank appearance, where they secured an investment deal with Daymond John for $300k in exchange for a 20% equity stake.
Celebrities like Da Baby, Shaquille O’Neil, and Charles Barkley have endorsed and worn the brand, which has only amplified its popularity and credibility.
SPERGO is an excellent choice for individuals looking for a blend of style, quality, and inspiration in their wardrobe.
SPERGO is a brand that has successfully merged the worlds of fashion and social empowerment, delivering a product, a vision, and a powerful message of courage, strength, and following one’s dreams.
| Company Name | SPERGO |
| Entrepreneur | Trey Brown |
| Product / Business | A luxury clothing line for men and women |
| Investment Asking For | $300,000 for a 10% equity in SPERGO |
| Final Deal | $300,000 for a 20% equity in SPERGO |
| Shark | Daymond John |
| SPERGO Episode | Season 13, Episode 5 |
| SPERGO Business Status | In Business |
| SPERGO Website | Visit Website |
| SPERGO Net Worth | $2 Million |
What Is SPERGO?
SPERGO is a Philadelphia-based clothing brand that combines urban streetwear with luxury fashion. The brand was launched in 2018 and offers a wide range of apparel, including T-shirts, hoodies, tracksuits, and accessories.
SPERGO is known for its empowering message and lion logo, symbolizing courage and strength. The brand is committed to providing high-quality products and giving back to the community through various initiatives.
SPERGO is a popular brand worn by high-profile celebrities and influencers such as Meek Mill, DaBaby, and G Herbo. Despite its rapid growth and success, SPERGO’s mission of inspiring and empowering people through fashion remains true.
Who Is The Founder Of SPERGO?
The founder of SPERGO is Trey Brown, a young entrepreneur who started the luxury designer clothing line at just 12. Trey was not an ordinary child born and raised in a violent community.
He was deeply affected by the violence around him and was motivated to change things for himself and his peers. The idea of SPERGO came from Trey’s aspiration to create a path of financial independence for himself and his friends while simultaneously addressing the growing violence in his community.
The name SPERGO was coined by combining the words “Sports” and “Heroes,” embodying the brand’s ethos of power, strength, and courage.
Trey’s journey began when he used $178, a gift he received on his birthday, to invest in his business idea. With this money, he bought 16 shirts, took them to local barber shops and salons, and successfully sold them.
Even though he was initially uncomfortable with this novel endeavor, he overcame his hesitation and set the foundation for his business. As the brand grew, Trey continually reinvested the profits into his business, demonstrating the savvy mindset of a true entrepreneur.
He utilized Instagram as a marketing tool, successfully garnering a large following, further boosting his sales.
Trey also sought additional funding opportunities, such as winning a $25,000 grant from Sean ‘Diddy’ Combs on TheEllenShow and a $200k grant from the 76ers Buy Black program. These funds helped him further expand his business and open physical store locations.
Before appearing on Shark Tank, SPERGO had made impressive strides. In just two years, the company had sold 30,000 product units, generating a monthly revenue of $200k.
These remarkable achievements caught the attention of Shark Tank’s producers, leading to SPERGO’s feature on Season 13 of the show.
Despite his young age, Trey’s resilience, entrepreneurial spirit, and relentless pursuit of his dream transformed SPERGO into a successful business venture, inspiring many worldwide.
How Was The Shark Tank Pitch Of SPERGO?
The Shark Tank pitch of SPERGO was as memorable as its young founder, Trey Brown. Trey and his mother, Sherell Peterson, entered the show bringing infectious positivity and vitality, including a small, charming rhyming gig.
Trey confidently shared his aspiration of having a millionaire mindset and his dreams of acquiring wealth, displaying an entrepreneurial spirit beyond his years.
Trey and Sherell presented their high-quality clothing line to the Sharks, sharing how Trey started his venture with just $178, a birthday gift he received when he was 12.
The samples of the clothes produced by SPERGO impressed all the Sharks, with Daymond John even commenting on the top-notch quality of the products.
They also revealed the cost of production and the selling price – each Leo Sweatsuit cost $21.50 to manufacture and was then sold for more than $170.
Discussing business details, Sherell informed the Sharks that SPERGO was projected to profit $313,000 in 2021 if they achieved their revenue target of $2.2 million.
They expressed their desire for the Sharks’ investment to grow their business further, particularly in hiring professional digital marketers and product designers.
Lori Greiner was the first to bow out, believing she wouldn’t be the best partner for them. Despite being inspired by Trey’s story, Kevin O’Leary passed on the opportunity as he wasn’t involved in clothing ventures.
Robert Herjavec bowed out, as the 70 percent brick-and-mortar business component did not align with his investment interests.
Trey’s determination and entrepreneurial drive moved Mark Cuban, who typically doesn’t invest in clothing companies. He offered to invest $300,000 for a 25 percent equity stake in SPERGO.
Mark also contacted Daymond to partner in the deal, but Daymond declined the partnership. Instead, Daymond offered a similar deal – $300,000 for a 25 percent stake.
Trey displayed excellent negotiation skills as he countered Mark and Daymond’s offers, proposing a 20 percent equity stake instead.
Daymond was the first to accept the counteroffer, leading to a heartwarming group hug and a successful deal.
To summarize, SPERGO’s Shark Tank pitch uniquely blended passion, high-quality products, and an impressive young entrepreneur.
Trey’s remarkable journey, coupled with his commitment to his business and the social cause it represented, was a key factor in securing a $300,000 investment from Daymond John for a 20 percent stake in his business.
Did SPERGO Get a Deal On Shark Tank?
SPERGO did secure a deal on the reality show “Shark Tank.” After impressing the Sharks with their story and achievements, Trey Brown and his mother, Sherell Peterson, received offers from the panel. Mark Cuban offered $300,000 for 25% equity in the company, and Daymond John matched the offer.
Eventually, Brown, with $300,000 for 20 of the company, and Daymond John agreed to the revised terms. However, it’s unclear if the deal between SPERGO and Daymond John was finalized after the show aired.
What Happened To SPERGO After Shark Tank?
After appearing on Shark Tank, SPERGO experienced a significant boost in its business. The company, already on a growth trajectory, accelerated its momentum after its appearance on the popular television show.
SPERGO’s quality products and the passionate spirit of its young founder, Trey Brown, resonated with the audience.
The company saw an immediate influx of online orders, closing no fewer than 1,000 orders within five days of the show’s airing. This rush was likely a result of the heightened visibility and positive feedback received during their Shark Tank appearance.
Additionally, the investment secured from Daymond John allowed SPERGO to expand its operations. This led to opening a new brick-and-mortar store in 2021, furthering the company’s reach and enhancing customer engagement.
SPERGO’s social media presence also grew significantly, with Trey’s Instagram followers growing significantly. This increase in digital engagement helped to broaden the company’s customer base and reach a wider demographic.
Financially, SPERGO exceeded its revenue expectations for 2021. Following their appearance on Shark Tank, the company reportedly made over $2.5 million in revenues, surpassing the earlier projected target of $2.2 million.
The company’s products received notable recognition from various celebrities and NBA players, which further enhanced SPERGO’s brand image and reputation.
In summary, SPERGO experienced substantial growth after its appearance on Shark Tank, marking a milestone in its history and setting the stage for continued success. This was a testament to Trey’s vision, dedication, and the social mission of the business to uplift and empower young people in his community.
SPERGO Shark Tank Update
After appearing on “Shark Tank,” the clothing brand SPERGO, founded by then 15-year-old Trey Brown, continued to enjoy considerable success, even though it’s unclear whether the company followed through with closing its deal with Shark Daymond John.
SPERGO continued its operations, launching new designs while selling out older ones. The company went on to open two permanent retail stores. One is in Pennsylvania at the King of Prussia Mall, and the other is at the Pentagon City Mall in Virginia.
The young entrepreneur, Trey Brown, also authored a book titled “Trey’s Way: My Entrepreneurial Keys to Success” and kick-started a secondary career as a motivational speaker.
However, Brown experienced a significant health scare in 2020 when he suffered a seizure following a period of insomnia that resulted in a month-long hospital stay. He has been less active on social media since then.
The exact success SPERGO has achieved since its appearance on “Shark Tank” is difficult to gauge, but the brand is still in business. New designs, like the SS’23 line, have been unveiled on the company’s website and Instagram page as recently as spring 2023.
Although it’s unclear whether SPERGO’s deal with Daymond John on “Shark Tank” ever actually closed, the company seems to be still moving forward and has become well-established within the urban streetwear-athleisure niche.
As for SPERGO’s young entrepreneurial founder and CEO, Trey Brown, the future seems bright, but public details are scarce.
Although Brown has mentioned plans to build his motivational speaking career and launch a business mentorship program for other young entrepreneurs, his recent lack of an online presence has raised some concerns. Whether or not the teen continues to struggle with his health has not been shared publicly.
Is SPERGO Still In Business?
Our research shows that SPERGO is still in business. The clothing company continues to release new designs regularly, as evidenced by its active social media presence and updated product catalog on its website. The brand has amassed a significant following, with over 100,000 followers on Instagram.
However, it’s worth noting that there are mixed reviews about the company online. Their average rating is 3.6 on Facebook and 3.9 on Google Reviews. Some customers have raised concerns about customer service and delivery issues, indicating areas where the company could improve.
Unfortunately, there’s no clear indication of Daymond John’s current involvement with the company, despite his initial investment as shown on “Shark Tank.” His name is absent from the company’s About Us section, which lists several celebrities associated with the brand.
It’s evident that SPERGO, under Trey Brown’s leadership, continues to navigate the challenges of growing a business while maintaining quality and customer satisfaction. Despite these hurdles, SPERGO remains operational and continues to make strides in the fashion industry.
What Is the Net Worth Of SPERGO?
According to our research, the net worth of SPERGO is estimated to be $2 million. The valuation of SPERGO was $1.5 million after securing an investment from Daymond John on Shark Tank.
Also, read about other businesses that appeared on Season 13 of Shark Tank:
