SPERGO Clothing Shark Tank Net Worth

During the pitch on Shark Tank, the net worth of SPERGO Clothing was estimated to be $3 million. However, after negotiations with the Sharks, the company’s valuation dropped to $1.5 million.

This means that the initial valuation of the company was considered to be too high by the Sharks, who may have felt that the company’s financials did not justify the initial valuation. As a result, the company had to lower its valuation in order to secure a deal with one of the Sharks.

Despite the drop in valuation, the founders of SPERGO Clothing were able to secure a deal and were able to receive valuable business advice from the Sharks to help grow their company.

What is SPERGO Clothing and Who is the founder of SPERGO Clothing?

SPERGO Clothing Shark Tank pitch

SPERGO Clothing, a high-end designer apparel brand founded by 15-year-old Trey Brown and his mother Sherell Peterson, appeared on Shark Tank seeking a $300,000 investment in exchange for a 10% stake in their company.

During the pitch, the Sharks were impressed with the quality of the clothing and Sherell’s sales skills, which involved selling on Saturdays until they ran out of merchandise. They ended up striking a deal with Daymond John, who invested $300,000 for a 20% stake in the company.

After the episode aired, SPERGO Clothing experienced a surge in online sales, processing nearly 1000 orders in the five days following the show’s initial airing.

In November 2021, they opened a third brick-and-mortar location in Arlington, Virginia’s Pentagon City Mall, and Trey hinted at the possibility of launching a footwear brand. In 2021, their sales totaled an impressive $2.5 million.

The deal with Daymond is currently undergoing due diligence, and the company remains operational as of January 2022.

Competitors of SPERGO Clothing

The SPERGO competes with the following companies; RtA Clothing, Paper Street Clothing, Neoprene Clothes, MADE Clothing, and LRG

Net Worth of SPERGO Clothing

The company valuation was $3 million during the pitch and the company was worth $1.5 million after the pitch.

SPERGO Clothing Shark Tank Updates

SPERGO is a clothing line founded by 15-year-old Trey Brown and his mother Sherell Peterson. The brand offers a collection of streetwear and sportswear clothing items, such as hats, hoodies, headbands, socks, sweatshirts, and sweatpants.

The company appeared on Shark Tank in Season 13 Episode 5, where Trey and Sherell asked the Sharks for $300,000 for 10% equity at a $3 million valuation.

During the pitch, Trey explained that he started the business when he was just 12 years old with $178 of his birthday money. The Sharks were impressed with Trey’s story and the quality of his clothing line.

Daymond John invested $300,000 in SPERGO in exchange for a 20% equity stake in the company. Daymond already owns a clothing brand and understands the industry very well.

After the show aired, the company saw 10,000 online orders to cater to and they had 40-60 orders a week. In November of that year, the company opened its third brick-and-mortar store. The year ended with sales of $2.5 million, surpassing Trey’s initial target.

As of December 2022, SPERGO is still in business and has made an identity of its own. The company’s official Instagram account had achieved 100k followers by December 2021.

The Shark Tank pitch was a life-changing experience for Trey and Sherell, and Daymond’s investment helped the company grow and expand.

Summary Table: SPERGO Clothing Shark Tank Pitch

TOPIC	INFORMATION
Company Name	SPERGO Clothing
Founder(s)	Trey Brown and Sherell Peterson
Founded	When Trey was 12 years old
Product	Streetwear and sportswear clothing items
Sales Channels	Pop-up stores and brick-and-mortar stores
Valuation	$3 million during the pitch, $1.5 million after negotiation with Sharks
Shark who Invested	Daymond John
Investment	$300,000 for a 20% equity stake in the company
Sales in 2021	$2.5 million
Notable awards	Buy Black initiative award, $25,000 from Sean “Diddy” Combs
Competitors	RtA Clothing, Paper Street Clothing, Neoprene Clothes, MADE Clothing, LRG

SPERGO Clothing FAQs

What Is SPERGO Clothing And How Does It Work?

SPERGO Clothing is a streetwear and lifestyle brand founded by Trey Brown, a 15-year-old entrepreneur from Philadelphia. Brown started the company in 2018 with 16 T-shirts that he purchased using his leftover birthday money.

He sold out in one week and realized that he could use his love of design and passion for the community to create a clothing brand that would inspire youth all over the world. SPERGO officially launched on Martin Luther King Day in 2018.

SPERGO offers brightly colored clothing, including sweatshirts, sweatpants, hoodies, headbands, and socks, for men, women, and children.

The brand emphasizes bold colors, soft cotton fabrics, and a tapered, tailored fit. SPERGO has two mall stores and an e-commerce site. The company has also expanded internationally and has plans to open new flagship stores.

In 2021, SPERGO appeared on the TV show Shark Tank and landed a $300,000 investment deal from Daymond John, the founder of apparel company FUBU.

The name SPERGO is a combination of the words “sports,” “heroes,” and “go-getters”. Brown founded the company to encourage his peers to stay out of trouble and follow their dreams instead. SPERGO’s success has been attributed to its positive message and the passion of its young founder.

What Type Of Clothing Does SPERGO Offer?

SPERGO Clothing offers a variety of clothing items for men, women, and children. The brand’s clothing line includes sweatshirts, sweatpants, hoodies, headbands, socks, biker shorts, scarves, beanies, and signature headbands.

The brand emphasizes bold colors, soft cotton fabrics, and a tapered, tailored fit. SPERGO is a luxury designer clothing line that offers unisex, luxury-urban clothing for adults and children. The brand has opened two mall stores and operates an e-commerce site.

SPERGO has also expanded into a brick-and-mortar retail operation and established itself as an up-and-coming business in the City of Philadelphia and Washington DC.

The brand’s name, SPERGO, is a combination of the words “sports,” “heroes,” and “go-getters”. The lion logo represents the brand’s values of “power, strength, and courage”.

Who is the founder?

Trey Brown is the founder and mastermind behind the brand.

What Was The Outcome Of SPERGO Clothing Shark Tank Pitch?

During Shark Tank Season 13, Trey Brown pitched his clothing brand SPERGO to the sharks. SPERGO is a Philadelphia-based streetwear apparel brand that sells apparel like socks, T-shirts, hoodies, and sweatpants.

Brown founded the start-up in early 2018 with the help of his mother, Sherell Peterson, who is now SPERGO’s full-time COO2. SPERGO’s name is a combination of the words “sports,” “heroes,” and “go-getters”. Brown launched SPERGO to help encourage his peers to stay out of trouble by selling T-shirts.

On the show, Daymond John offered Brown $300,000 for 20% equity in SPERGO. Brown accepted the deal, and John became a partner in the company.

At the time of the Shark Tank episode’s taping, SPERGO was on pace to bring in $2.2 million in 2021 sales. As of November 2021, SPERGO had done over $1.8 million in lifetime sales, starting with $40,000 in 20183.

In 2021, SPERGO had done $938,000 in sales. SPERGO sells 30% e-commerce and 70% brick-and-mortar with their three locations.

What Happened To SPERGO Clothing After Its Appearance At The Shark Tank?

SPERGO Clothing is a luxury designer clothing line that was started in 2018 by a 12-year-old boy named Trey Brown.

SPERGO combines the words “Sports” and “Heroes” and exclusively designs clothes to evoke the feeling of power, strength, and courage.

Trey and his mother Sherell Peterson appeared on Shark Tank Season 13 Episode 5 and asked the sharks for $300,000 for 10% equity at a $3 million valuation. Daymond John invested $300k in SPERGO in exchange for 20% equity in the company.

After appearing on Shark Tank, SPERGO received around 1000 online orders in five days. The company now receives 40-60 online orders on a weekly basis.

In November, SPERGO opened its third brick-and-mortar store. Sales for 2022 were $2.5 million, surpassing Trey’s initial target. SPERGO is now collaborating with celebrities and the Philadelphia 76ers.

SPERGO is still in business as of December 2022.

The company’s sales are projected to pull in at least $2 million in 2021. SPERGO has become a premium clothesline brand that has taken center stage in New York Times Square.

How much were they seeking on Shark Tank pitch?

They were seeking for $300,000 in exchange for 10% equity stake in the firm, which was valued at $3 million.

Who won the deal with SPERGO Clothing?

Daymond invested $300,000 in exchange for a 20% equity stake in the firm.

Is SPERGO Clothing still in business?

The company continues to operate in the same capacity it did after the Shark Tank pitch.

Where is SPERGO Clothing located?

SPERGO Clothing is based in Philadelphia, PA.

Who is the CEO?

The CEO of SPERGO Clothing is Trey Brown.

What are the products of SPERGO Clothing?

The clothing line includes a variety of different styles and items, such as hoodies, caps, socks, headbands, sweatshirts, and sweatpants.

How long is SPERGO Clothing products last?

The average lifespan of an SPERGO Clothing product lasts up to 1-2 years.

Does SPERGO Clothing have online stores?

The clothing firm has an online store, which can be accessed via the official website.

What is SPERGO Clothing website?

SPERGO Clothing’s website is www.SPERGO.com and it contains all the necessary information about the company, its products and its founder.

What are Sizes of SPERGO Clothing?

Sizes go from small to triple x-large.

Does SPERGO Clothing do online orders?

Customers can order from their online store using their credit card and their order shipped directly to them.

How long will SPERGO Clothing order take to ship?

The firm ships orders within one to three business days.

What is SPERGO Clothing shipping policy?

Shipping fees vary from $10-$50 depending on the location, but each and every package includes free shipping within the continental US.

Can you return an item from SPERGO Clothing?

Yes, customers can return any item within ten days of delivery for a full refund. The only exceptions are custom-made items or those that have been worn, washed or damaged in any way.

Is SPERGO Clothing successful?

The firm has been in business for three years and its revenues have steadily increased over the years.

What is the material use to make SPREGO Clothing?

They use a high-performance, moisture-wicking fabric.

Where is SPERGO Clothing made?

SPERGO Clothing products are made in the USA.

What is the net worth of Trey Brown?

Trey Brown has an estimated net worth of $1.5 million.