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.
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 also share similar backgrounds being that FUBU started in John’s mother’s house and Brown’s mother is right by his side as his brand skyrockets. What’s even better is that the “Shark Tank” investor is one of Brown’s inspirations as an entrepreneur.
“I used to bring Mr. Daymond’s book to school and I would read it any time I would finish my work,” said Brown. “Now, to be partnering with [him], it’s still soaking in right now.”
As previously reported by AfroTech, Brown’s inspiration for launching Spergo in 2018 was sparked after wanting to empower youth in his city. The brand’s name is a combination of “sports,” “heroes” and “go-getters.”
After its launch, the young CEO sold his shirts all over local Philadelphia businesses. Through a local barber, Brown’s hustle and dedication caught the eye of Diddy.
The business mogul awarded the young CEO a $25,000 grant during “The Ellen DeGeneres Show” in 2020. Brown used the funding to open Spergo’s first three brick-and-mortar stores in Philadelphia, selling urban activewear, such as socks, T-shirts, hoodies and sweatpants.