Starting at the age of 12, Trey Brown began the journey of entrepreneurship. Having created a clothing company at the age of 15, he is now on his approach to being a billionaire by 21, with total revenue expected to reach $2.2 million in 2021.
According to CNBC, the teenage entrepreneur appealed to the judging panel on ABC’s “Shark Tank” on November 5, receiving a $300,000 investment deal from Daymond John in exchange for a 20% interest in Spergo.
Expanding the startup’s e-commerce platform and getting ahead on forthcoming production, John’s investment will be directed towards hiring a fashion icon, according to Brown’s mother and Spergo’s COO, Sherell Peterson.
Launching his legendary company, FUBU, in the 1990s, John rose to prominence as a young CEO, and the timing was ideal. Considering FUBU began in John’s mother’s home and Brown’s mother is always at his side as his brand grows, the two have a lot in common. Interesting to say, the “Shark Tank” investor is Brown’s role model in the business world.
“Bringing Mr. Daymond’s book to school and reading it anytime I completed my assignments is what I did,” Brown said. “Cooperating with [him] right now is still seeping in.”
Discovering Spergo in 2018 by Brown was motivated by his desire to empower youngsters in his city, as previously reported by AfroTech. “Go-getters,” “heroes,” and “sports” were combined to name the brand.
Following the company’s establishment, the young CEO began selling his shirts to local Philadelphia firms. Diddy noticed Brown’s dedication to his hustle with the help of the barber.
During “The Ellen DeGeneres Show” in 2020, the business mogul presented the young CEO with a $25,000 grant. Using the money, Brown opened Spergo’s first three brick-and-mortar locations in Philadelphia, where he sold urban sportswear, including socks, T-shirts, hoodies, and sweatpants.