15-Year-Old And His Mom Land $300K Deal On Shark Tank

Trey Brown, the 15-year old founder and CEO of clothing brand Spergo
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Photo: Black Business.com

Trey Brown, the 15-year old founder and CEO of clothing brand Spergo, recently pitched his business idea on Shark Tank and inked a deal with businessman and investor Daymond John for $300,000.

The investment, which is in exchange for 20% equity of his company, will be used in hiring a fashion designer, upgrading the brand's e-commerce technology, and preparing for more production, according to Sherell Peterson, Trey's mother and COO of the company.

The deal was ideal for the two who both started their entrepreneurial journey at a young age. Trey launched Spergo at the age of 12 with the help of her mother while John also founded his brand FUBU in his mother's house...Read more.

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