What Happened To Spergo After Shark Tank?

Spergo is a unisex luxury clothing brand offering a range of designer outfits for men and women, aiming to give customers a sporty, heroic look.

Founded by Trey and officially launched on Martin Luther King Day in 2018, Spergo quickly gained popularity. Celebrities like Meek Mill, Tierra Whack, DaBaby, Eric Thomas, Shaquille O’Neal, Charles Barkley, Grant Hill, G Herbo, and Ed Mylett have been seen wearing its lifestyle clothing.

The brand sells T-shirts, hoodies, shorts, sweatpants, caps, socks, and more, crafted from high-quality materials and priced between $12 and $100. Spergo products are available in physical stores across the U.S., including major retailers like Neiman Marcus, Saks, and Macy’s.

Another Shark Tank Pitch

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Who Is The Founder Of Spergo?

Trey Brown is the founder and CEO of Spergo, with his mother, Sherrell Peterson, actively supporting the business.

Trey’s vision for Spergo was to provide his friends with positive alternatives and opportunities, steering them away from violence. The brand name is inspired by a mix of “Sports,” “Heroes,” and “Go.”

How Was The Shark Tank Pitch Of Spergo?

Trey Brown and his mother, Sherrell Peterson, entered Shark Tank seeking $300,000 for a 10% stake in Spergo. Trey shared the inspiration behind his brand and explained its name, which combines “Sports,” “Heroes,” and “Go.”

The cost to produce their Leo sweatsuit is $21.50, which they sell for $170. Trey has 89,000 followers on his personal Instagram account, and the company has 71,000 followers.

In 2021, Spergo achieved $1.8 million in sales. Sales have grown steadily, from $40,000 in 2018 to $130,000 in 2019, $745,000 in 2020, and $938,000 so far in 2021. These sales come primarily from 70% in-person point-of-sale and 30% e-commerce.

Early on, Trey promoted his brand by reaching out to Sean “Diddy” Combs, who shared Spergo on Instagram, resulting in 500,000 views in a day. This exposure led to a five-figure revenue boost, wholesale orders, and more website traffic.

The founders aim for $2.2 million in total sales for the year and have generated $313,000 in profit after expenses. When Daymond John asked how they would use the investment, Sherrell mentioned plans to hire fashion designers, digital salespeople, and web optimizers.

Most Sharks opted out, with Lori, Kevin, and Robert not seeing a fit with their expertise. Mark Cuban offered $300,000 for a 25% stake. Trey countered Daymond’s matching offer to $300,000 for 20%, which Daymond accepted.

Finalize: Daymond John Invest $300K in ‘Spergo’ for 20% equity.

What Happened To Spergo After Shark Tank?

Daymond John invested $300,000 in Spergo for 20% equity, leveraging his industry expertise as an established clothing brand owner.

After the Shark Tank episode aired, the response was overwhelmingly positive, with many viewers tweeting their support. In November 2021, Spergo opened new stores in King of Prussia (KOP) Mall and Pentagon City Mall.

By December 2021, the brand’s official Instagram account had reached 100,000 followers, establishing Spergo’s unique identity.

Following the Shark Tank appearance, sales surged, with around 1,000 orders in the first week alone. The company reached approximately $2.5 million in sales by the end of 2021 and is projected to achieve $3 million in 2022.

We’re continuing to track Trey Brown and Spergo for further updates.

What Is Spergo Net Worth?

Currently, Spergo’s profit margin is around 40%, which is impressive for a clothing brand. After assessing the company’s assets and liabilities, its estimated worth is between $0.5 million and $1 million.

Yes, Spergo is still in business as of December 2022.