Former Congressman Rick White and former Motricity CEO Ryan Wuerch have emerged at the helm of a stealthy new Bellevue company by the name of Solavei. Very little is known about the company, which just raised a little more than $4 million in startup financing.
A short message on the Web site notes: “It’s going to be viral, so get ready to catch it … then spread it!” The service is set to debut this Spring.
Reached by GeekWire this afternoon, White declined to offer more details. “We are in total stealth mode,” said White, adding that they are “excited” about the opportunity they are attacking.
White is the co-founder of IP Street, a patent search tool that was formed in 2009. In 1994, he was elected to Congress, representing Washington’s 1st Congressional District, and five years later he became CEO of the technology lobbying group Technet.
Wuerch left Motricity last August after the company’s financial results disappointed Wall Street. The Bellevue mobile software company has continued to restructure operations in recent weeks, including the closure of its Asian operations.
Prior to Motricity, he served as president of Learning 2000.
According to Wuerch’s LinkedIn bio, he is serving as CEO of the new company.
UPDATE: Wuerch offered this rather nebulous statement on what they are doing.
“We are developing a company that is going to make life better for millions of people around the world, and we’re excited to bring it to market. We’re very fortunate to have a great team in place, and the support of industry leading investors and advisors. We are in the beginning stages now, the momentum for what we’re building is growing daily, and we will have more information to share very soon.”
Here’s more from the company:
The technology and services being created have never been introduced before, yet the plan is simple: build a company that utilizes the most effective advertising method of all – its customers. They, in turn, will be rewarded for spreading the word.
Guess we will have to stay tuned to find out what that all means.
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