This article contains content that is written like an advertisement. (June 2014) |
Company type | Private |
---|---|
Industry | Social Commerce |
Founded | Bellevue, Washington(February 1, 2012 ) |
Founder | Ryan Wuerch |
Defunct | December 4, 2015 |
Headquarters | |
Number of locations | 1 |
Area served | United States, including Puerto Rico |
Key people | Ryan Wuerch (Founder, CEO) Rick White (Head of Legal and Policy) |
Products | Social-based mobile virtual network operator |
Number of employees | 140 |
Website | solavei |
Solavei was a social commerce network offering contract-free mobile service in the United States, known for its use of incentivized referral plans and its social network advertising program.[1][2][3][4] In addition to its mobile phone services, Solavei operated a social commerce network for its users.[1][5][6] Ryan Wuerch founded the company in 2012.[1][6] As of 2013, Solavei had 140 employees and was valued by investors at $120 million.[6][7][8][9][10] The company has been described as a multi-level marketing (MLM) company,[11][12] or of being very similar to a MLM company.[13]
On June 18, 2014, the company filed Chapter 11 bankruptcy.[14]
Solavei announced on November 19, 2015, that its carrier partner, T-Mobile USA, had terminated its agreement to provide service under the condition that Solavei did not meet expectations. Solavei customers were allowed to migrate to T-Mobile Prepaid for a $10 monthly credit for 6 months and a free month of service. Wireless service was discontinued on December 4, 2015.