Spergo Shark Tank Update – Spergo Net Worth 2024

Many young people struggle to find a route out of difficult situations, particularly in places where it might be difficult to stay out of trouble. But sometimes all it takes to create a change is an idea and the motivation to pursue it.

Trey Brown, a Philadelphia high school student, carried out just that. Trey saw an issue: a lot of his friends were having trouble choosing a fulfilling life. Trey started his own clothing company, Spergo, as an inspirational approach to helping students avoid bad influences. At twelve,

Trey started his brand by selling shirts to friends and family with just $178 that he had saved from his birthday money. His intention went beyond simply making sales of clothing to include a message that young people may be ambitious and heroic.

Trey and his mother, Sherell Peterson, found themselves on Shark Tank, pitching their apparel business Spergo, three years later. They wanted to raise money to expand their company. They asked for $300,000 for 10% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Spergo update to find out!

Spergo Net Worth 2024

Trey Brown and Sherell Peterson asked for a $300k investment in exchange for 10% equity in their company. This meant they valued their company at $3 million. They made a deal with Daymond John for $300k in exchange for 20% of their company. This new deal valued their company at $1.5 million. After the show aired, Spergo saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Spergo in 2024 is about $2.27 million.

Spergo Shark Tank Update

As for Spergo update, after their debut on Shark Tank, Daymond John offered Trey Brown and Sherell Peterson $300,000 in exchange for a 20% stake in Spergo. The business has prospered and grown ever since the show. Spergo remains a major player in the market as of today, and its reach has grown. One of the busiest malls in the United States, King of Prussia, is home to its new retail store.

The business also frequently hosts pop-up sales in various parts of the nation. Trey’s accomplishments have also been acknowledged; he was included in AfroTech’s 2022 Future50 list, which honors young innovators with a positive influence. 

Yes, on Shark Tank, Trey Brown and Sherell Peterson could close a deal. They ultimately accepted Daymond John’s offer of $300,000 for 20% stock, even though they had first demanded $300,000 for 10%. Daymond was a great fit for Spergo because of his background in the fashion industry, and the partnership has allowed the business to grow and attract new clients.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Daymond John	$300,000 for 25% equity	$300,000 for 20% of equity	Yes
Lori Greiner	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Mark Cuban	$300,000 for 20% equity	N/A	No

Spergo Shark Tank pitch

Trey Brown was motivated to start Spergo by his desire to support his friends and the community. Growing up in Philadelphia, Trey saw the struggles that many of the young people in his neighborhood encountered. He coupled his passion for fashion with his desire to keep his friends off the streets to provide them with a constructive outlet.

Selling a tiny batch of shirts, Trey started his trip with just $178 from his birthday money. He was inspired to keep going forward by the tremendous response. He overcame several obstacles over the years, from figuring out how to manage his brand’s rapid growth to learning how to run a business. But Trey overcame these obstacles and made Spergo a profitable company because of his tenacity and his mother’s encouragement.

Trey and his mother Sherell presented Spergo, an inspirational apparel brand meant to inspire young people to stay focused and pursue achievement, to the sharks during their Shark Tank pitch. They described their amazing story of building the company from a small initial investment to revenues of around $2 million.

Trey and Sherell requested $300,000 for 10% equity, stating that they needed the money to expand their production, hire designers, and increase their digital sales. They clarified that even though they had seen tremendous success, they still wanted to have more resources and stock on hand in case demand increased in the future. Keep reading our Spergo update to see what happens next!

Lori Greiner and Robert Herjavec asked about the price and the cost of the shirts. The founders responded that the sweatsuit costs $21.50 and is sold for $170.

Kevin asked Trey about his Instagram following. Trey responded he has 89,000 followers on Instagram.

Robert further questioned the sales. Trey replied that today they have $1.8 million in sales. They started in 2028. 

Mar Cuban asked about the profit they made so far today. Sherell replied they made $313,000 in profit.

Daymond John asked what they would do with the shark’s investment. Sherell replied they would hire a fashion designer. They also want to hire someone who can work on digital cells, and e-commerce and speed up their website. She added they want resources to maintain the growth of the business. 

Mark Cuban Knowing that Trey and Sherell were already succeeding, Mark was curious why they felt the need to grow so quickly. They clarified that in order to fulfill the increasing demand; they intended to produce extra stock in advance.

Daymond John was interested in learning how Trey combined his education and career. Trey disclosed he put in a lot of effort to manage the business on Saturdays and in his spare time.

Lori Greiner didn’t think she was a good fit as a partner for a clothing firm, so she didn’t put in an offer.

Kevin O’Leary, lacking experience in the apparel industry, Kevin had little interest in investing.

Robert Herjavec left because he thought it would be too hard to run a brick-and-mortar store.

Mark Cuban failed to close the deal after making an offer of $300,000 for 25% equity.

Daymond John added further fashion knowledge while matching Mark’s offer. Daymond agreed when Trey and Sherell responded with 20% equity. 

Product Availability

From our Spergo update research, Spergo offers a wide range of clothing items, including t-shirts, hoodies, and hats, all of which inspire and empower young people. Besides physical stores, the brand can be purchased online via their website Spergo. They now run a store in the King of Prussia Mall and frequently hold pop-up events in different locations. Because their products are usually reasonably priced, a large audience can easily reach the brand.

Conclusion

Trey Brown and his mother, Sherell, saw a significant shift in their lives because of Spergo’s Shark Tank adventure. Their inspirational story moved the sharks, and they made a deal with Daymond John, who would be the ideal partner for their expanding apparel business. Since then, Spergo has kept growing, getting attention from famous people and launching additional stores. Trey’s brand and business appear to have a bright future thanks to his vision and drive. We’re excited to see what Spergo does next!