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Whether you are a Gen Z’er, Millennial, Gen X’er or Boomer, you have probably seen Daymond John on TV. Elder Millennials, Gen X’ers and Boomers probably remember John from the iconic FUBU brand launched with famed spokespeople like LL Cool J during the 90s. Meanwhile, younger Millennials and Gen Z members may only know him as one of the main angel investors on the hit ABC reality show, “ Shark Tank .” Wherever one remembers him from, Daymond John has become a fixture in the investor circuit and a strong example of Black Excellence fueled by entrepreneurship. From working behind the scenes when Hip-Hop expanded beyond the music industry to becoming the face of helping small business owners skyrocket to success through shrewd business deals, he has proven his business acumen time and again. Which leaves just one question — how much is Daymond John Worth? Daymond John’s Early Life Like many people in and around Hip-Hop during the early years, Daymond John is from New York — Brooklyn to...
The old saying goes, “it takes money to make money.” That sentiment is usually engrained in the idea that much economic success does not occur without some investment. But how does investment happen? A straightforward answer to that question is sales. Many of a particular generation remember when someone in our family sold a home good or cosmetic product (shout out to all the Mary Kay reps). This was likely the first introduction to the sales industry. But beyond the aunties that were hustling their products, sales have always existed in and around people. From big corporate companies to nonprofits and the tech industry – securing contracts, partnerships, and investment is a result of the work of people who are a part of sales teams. While the job market is all over the place, the sales industry is positioned to remain intact. But it does not come without challenges. Due to the potential for professionals to have lucrative careers, the demand for the industry has been consistent...
Sometimes it just takes the right person to see the vision in order to make things happen! After a desire to help their children remain connected to their roots, Abisola and Temidayo Adedokun created Ade+Ayo , an apparel brand that not only designs comfortable clothing but also teaches kids about African traditions. View this post on Instagram A post shared by Ade + Ayo (Ah-day and Eye-yaw) (@adeandayo) According to Meaww, during a recent episode of “Shark Tank,” the company stepped into the tank with hopes of securing $175,000 for ten percent equity. Currently, Ade+Ayo sits at a valuation of $1.7 million and has drawn in approximately $160,000 in sales. So, the goal was to land a deal that would allow them to expand their staff beyond the workflow operation that is made up of two people. Although the “Shark Tank” crew did not fully get behind the brand, they did walk away with an offer that could set them on the right path toward expanding and growing the company.
It’s never too early to begin looking ahead to the future, especially not for Trey Brown, who is a young entrepreneur with a very promising one. As previously reported by AfroTech, Brown continues to level up whether it be through his second retail store for his brand SPERGO or wooing the sharks on ABC’s “Shark Tank.” He is the future and from the looks of it, the kids are indeed alright. Brown, a true wealth generator, first began his entrepreneurial path at the age of 12. Now, at 15-years-old, he has managed to bring in millions of dollars in sales — even landing an investment deal that could set him on the right path to fulfilling his dream of becoming a millionaire by the time he is age 21. The teen originally launched SPERGO, a boutique fashion collection for men, women, and children, after receiving a birthday gift. Today, the business has two storefronts, one located in his hometown of Philadelphia, PA, and the second in Washington, D.C. at Pentagon City Mall. Brown...
Imagine going from being bullied at school to using it as fuel to create your own business, and then to top it off, pitching to arguably one of the toughest investors panels. It’s the story behind young entrepreneur Tania Speaks and her beauty brand, Tania Speaks Organic Skincare. The 19-year-old landed the opportunity to be on ABC’s “Shark Tank” and walked away with a deal with Mark Cuban, according to Meaww.
Although he got his first gig in a bathroom at Renaissance High School in Detroit, MI, it seems as though 16-year-old Cameron Tucker will go far. Tucker first picked up cutting hair over the summer after learning the basics from his Uncle Tuck, according to FOX 2. Later on, what started as cutting his younger cousins’ and friends’ hair, as well as posting his skills on social media transformed into a successful business of servicing his football teammates and fellow classmates. That successful business also made it into the school year as the outlet reports that Cameron was caught cutting his clientele of classmates’ hair in the bathroom during study hall. “I want to say wrong time, wrong place,” he told FOX 2. A phone call was made to Tucker’s mother, Cassandra, and unfortunately, Cameron was given a one-day suspension for his entrepreneurial moves as the “bathroom barber,” but those moves couldn’t keep him down for long. While Tucker will no longer be cutting hair at school, it...
The road of entrepreneurship started for Trey Brown at age 12. Now, the 15-year-old’s clothing brand — reportedly projected to bring in $2.2 million in 2021 sales — landed an investment deal set to propel his dream of becoming a billionaire by age 21. Trey Brown is the founder and CEO of Spergo, a Philadelphia-based streetwear apparel brand. During an episode of ABC’s “Shark Tank” — which aired on Nov. 5 — the young entrepreneur pitched to the judging panel and landed a $300,000 investment deal from Daymond John in exchange for a 20 percent stake in Spergo, CNBC reports. https://www.instagram.com/p/CV6j1xqLWrM/?utm_source=ig_web_copy_link According to Brown’s mother and Spergo’s COO, Sherell Peterson, John’s investment will go toward hiring a fashion designer, upgrading the startup’s e-commerce technology and getting further ahead on upcoming production. The deal is perfectly aligned as John himself became a young CEO in the 90s with the launch of his iconic brand, FUBU. The two...
This teen entrepreneur continues to level up! According to REVOLT , Philadelphia native Trey Brown has made another major move to expand his growing empire. The 15-year-old CEO and founder of SPERGO, a boutique fashion collection for men, women, and children, is opening up his second store in Pentagon City Mall in Washington D.C. He also announced his partnership with the Philadelphia 76ers as part of their Buy Black Program. “I started SPERGO three years ago, and I never would have imagined that I would be officially stamped a 76ers partner by my home basketball team,” said Brown in an interview with Baller Alert. SPERGO’s first store was opened in his home of Philadelphia thanks to a $25,000 grant from Diddy when they appeared together on “The Ellen DeGeneres Show” in 2020. In 2018, Brown used a $178 gift received on his 12th birthday to start SPERGO and now his mother anticipates that the brand will earn $2 million this year. He launched the store to empower youth and to be an...