Trey Brown and Sherell Peterson captured the Sharks' hearts the minute they stepped onto "Shark Tank." At just 15 years old, the teen's drive to make a difference in his community was very promising. His colorful designs not only fit the Gen Z streetwear fashion aesthetic but also captured the attention of celebrities like Sean "Diddy" Combs. Brown requested $300,000 from the Sharks in exchange for 10% equity in his business.
The Sharks immediately jumped at the opportunity to join SPERGO in their goals to expand operations by hiring fashion designers and increasing digital sales. While impressed, Lori Greiner, Kevin O'Leary, and Robert Herjavec didn't see themselves as the best partners for the streetwear brand. Herjavec noted that he didn't have experience investing in brick-and-mortar clothing lines. They were out, which left Mark Cuban and Daymond John.
John, who founded "FUBU" fashions as a young man, obviously resonated with Brown's story. However, he didn't understand how SPERGO could need more resources — in other words, the brand was already set. Despite these doubts, John matched Cuban's offer of $300,000 in exchange for 25%. Brown gave John a counteroffer of $300,000 for 20%, to which the angel investor heartily agreed. SPERGO walked out of "Shark Tank" with a well-earned deal, making it a "Shark Tank" success story.
