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{{refimprove|date=June 2012}}
{{refimprove|date=June 2012}}
{{Infobox company
{{Infobox company
| name = Stream
| name = Stream Energy
| logo =
| logo =
| type = Privately held
| type = Privately held
Line 7: Line 7:
| foundation = 2005
| foundation = 2005
| location = [[Dallas, Texas]], United States
| location = [[Dallas, Texas]], United States
| key_people = Rob Snyder (Founder)
| founders = Rob Snyder<br>Pierre Koshajki
⚫
| key_people = Larry Mondry, CEO<ref>http://www.businesswire.com/news/home/20160205005128/en/Stream-Announces-President-CEO</ref>
Pierre Koshajki (Founder)
⚫
Larry Mondry, CEO (2016)<ref>http://www.businesswire.com/news/home/20160205005128/en/Stream-Announces-President-CEO</ref>
| num_employees = 245 (August 2017)
| num_employees = 245 (August 2017)
| homepage = {{url|http://mystream.com/}}
| homepage = {{url|http://mystream.com/}}
}}
}}


'''Stream Energy''' is a provider of [[energy]], [[wireless]], protective and [[home]] services. Stream has energy services in seven states, including Texas, Pennsylvania, New York, New Jersey, Georgia, Maryland and Illinois, as well as Washington D.C. All other services are available nationwide.<ref name=dsnews>{{cite web| url=http://directsellingnews.com/index.php/view/stream_a_new_face#.WeYh0RNSwcg| title=Stream: A New Face| date=1 January 2015| publisher=Direct Selling News| access-date=5 January 2018}}</ref> Stream Energy uses [[multi-level marketing]] as its primary sales channel.
'''Stream''' (Stream Energy) is a provider of [[energy]], [[wireless]], protective and [[home]] services. Stream was founded in 2004 as an American [[retail]] [[electricity]] and [[natural gas]] firm. The Company is headquartered within the [[Tollway Center]] building in [[Dallas, Texas|Dallas]]. Stream Energy uses [[multi-level marketing]] as its primary sales channel. Initially, the company recruited through its separate multi-level marketing division, Ignite, which was merged into the Stream brand in 2014. The majority of Stream's services are available across the United States, with the exception of energy, which is available in select [[deregulated]] [[energy markets]].


==History==
==History==
[[File:Stream New Building.png|thumb|Stream at the Tollway Center building in [[Dallas, Texas|Dallas]], TX]]
[[File:Stream New Building.png|thumb|Stream at the Tollway Center building in [[Dallas, Texas|Dallas]], TX]]
Stream Gas & Electric Ltd. (d/b/a Stream Energy) was founded in August 2004 by Rob Snyder and Pierre Koshajki, after the [[deregulation of the Texas electricity market]]. Stream was licensed as a retail electrical provider by the Public Utilities Commission of Texas on 21 January 2005 and formally began operations through the initial enrollment of Texas electricity customers on 7 March 2005. The company has since expanded to sell energy in Pennsylvania (2010), Maryland (2011), New Jersey (2011), New York (2012), and Washington, D.C. (2012).<ref>http://www.streamenergy.net/wp/news/stream-energy-officially-opens-for-business-in-new-york/</ref><ref>{{cite web| url=https://www.bizjournals.com/dallas/print-edition/2011/07/01/rob-snyder-of-stream-energys.html| title=Rob Snyder of Stream Energy's| date=20 March 2013| publisher=Dallas Business Journal| access-date=5 January 2018}}</ref><ref>{{cite web| url=https://www.dmagazine.com/publications/d-ceo/2010/october/meet-ceo-rob-snyder-of-stream-energy/| title=Meet the CEO: Rob Snyder of Stream Energy| date=October 2010| publisher=D Magazine| access-date=5 January 2018}}</ref>
Stream was founded in 2005 by Rob Snyder and Pierre Koshakji.<ref>{{cite web| url=https://www.bizjournals.com/dallas/print-edition/2011/07/01/rob-snyder-of-stream-energys.html| title=Rob Snyder of Stream Energy's| date=20 March 2013| publisher=Dallas Business Journal| access-date=5 January 2018}}</ref><ref>{{cite web| url=https://www.dmagazine.com/publications/d-ceo/2010/october/meet-ceo-rob-snyder-of-stream-energy/| title=Meet the CEO: Rob Snyder of Stream Energy| date=October 2010| publisher=D Magazine| access-date=5 January 2018}}</ref> The company was built on the idea of selling energy by word of mouth through its network of independent associates. The company introduced energy services in Texas before expanding to Georgia in 2008, followed by its first venture into the Northeast in 2010. Stream has electric, gas and green energy options in seven states and Washington, D.C. In 2015, Stream released its nationwide mobile phone service, Stream Wireless.<ref name=dsnews/>

Stream moved its headquarters from the [[Infomart]] building on Stemmons Freeway to the [[Tollway Center]] office building on Dallas Parkway in North Dallas in May 2017.<ref>{{cite web| url=https://www.dallasnews.com/business/real-estate/2017/05/22/stream-energy-sets-shop-new-addison-hq| title=Stream sets up shop in new Addison HQ| date=22 May 2017| publisher=Dallas News| access-date=5 January 2018}}</ref><ref>{{cite web| url=https://www.addisonmagazine.com/2016/12/stream-to-move-headquarters-to-addisons-tollway-center/| title=Stream to Move Headquarters to Addison's Tollway Center| date=1 December 2016| publisher=Addison Magazine| access-date=5 January 2018}}</ref>


==Multi-level marketing==
==Multi-level marketing==


In 2014, Stream merged its separately-branded [[multi-level marketing]] arm, Ignite, into the Stream brand.<ref>http://dsnblog.com/tag/stream-energy/</ref> Using the multi-level marketing model, Stream associates can earn commissions either from selling to customers or recruiting new sales associates, after they gather a required minimum number of energy customers. Local meetings known as "Business Presentations" are held to promote the concept. Sales associates also maintain internet-based "homesites" that serve as informational web forums for recruits.
Initially, the company recruited through its separate multi-level marketing division, Ignite, which was merged into the Stream brand in 2014. In 2014, Stream merged its separately-branded [[multi-level marketing]] arm, Ignite, into the Stream brand.<ref>http://dsnblog.com/tag/stream-energy/</ref> Using the multi-level marketing model, Stream associates can earn commissions either from selling to customers or recruiting new sales associates, after they gather a required minimum number of energy customers. Local meetings known as "Business Presentations" are held to promote the concept. Sales associates also maintain internet-based "homesites" that serve as informational web forums for recruits.<ref name=acj>{{cite news|title=Selling energy -- and prosperity?|url=http://www.ajc.com/news/business/selling-energy-and-prosperity/nQncq/|accessdate=24 April 2014|newspaper=The Atlanta Journal-Constitution|date=6 December 2010|author=M. B. Pell|author2=Margaret Newkirk}}</ref>

In 2010, the sign-up cost in Georgia was $300, with a $25 monthly fee to maintain a website. Associates typically received between $0.50 and $3 a month for each customer they recruited.<ref name=acj>{{cite news|title=Selling energy -- and prosperity?|url=http://www.ajc.com/news/business/selling-energy-and-prosperity/nQncq/|accessdate=24 April 2014|newspaper=The Atlanta Journal-Constitution|date=6 December 2010|author=M. B. Pell|author2=Margaret Newkirk}}</ref>

According to Stream Energy's income disclosure statement, among sales associates who maintained their position qualifications throughout calendar year 2013 and earned at least one commission or bonus payment (representing 84.5% of all sales associates), the average annual income was $686.90; for the majority (81.9%) of those associates, the average annual income was $117.12.<ref>http://pdfs.streamenergy.net/pdfs/Disclosure_Page.pdf</ref>


==References==
==References==

Revision as of 15:46, 27 January 2018

Stream Energy
Company typePrivately held
IndustryRetail electricity provider/multi-level marketing
Founded2005
FoundersRob Snyder
Pierre Koshajki
HeadquartersDallas, Texas, United States
Key people
Larry Mondry, CEO[1]
Number of employees
245 (August 2017)
Websitemystream.com

Stream Energy is a provider of energy, wireless, protective and home services. Stream has energy services in seven states, including Texas, Pennsylvania, New York, New Jersey, Georgia, Maryland and Illinois, as well as Washington D.C. All other services are available nationwide.[2] Stream Energy uses multi-level marketing as its primary sales channel.

History

Stream at the Tollway Center building in Dallas, TX

Stream was founded in 2005 by Rob Snyder and Pierre Koshakji.[3][4] The company was built on the idea of selling energy by word of mouth through its network of independent associates. The company introduced energy services in Texas before expanding to Georgia in 2008, followed by its first venture into the Northeast in 2010. Stream has electric, gas and green energy options in seven states and Washington, D.C. In 2015, Stream released its nationwide mobile phone service, Stream Wireless.[2]

Stream moved its headquarters from the Infomart building on Stemmons Freeway to the Tollway Center office building on Dallas Parkway in North Dallas in May 2017.[5][6]

Multi-level marketing

Initially, the company recruited through its separate multi-level marketing division, Ignite, which was merged into the Stream brand in 2014. In 2014, Stream merged its separately-branded multi-level marketing arm, Ignite, into the Stream brand.[7] Using the multi-level marketing model, Stream associates can earn commissions either from selling to customers or recruiting new sales associates, after they gather a required minimum number of energy customers. Local meetings known as "Business Presentations" are held to promote the concept. Sales associates also maintain internet-based "homesites" that serve as informational web forums for recruits.[8]

References

  1. ^ http://www.businesswire.com/news/home/20160205005128/en/Stream-Announces-President-CEO
  2. ^ a b "Stream: A New Face". Direct Selling News. 1 January 2015. Retrieved 5 January 2018.
  3. ^ "Rob Snyder of Stream Energy's". Dallas Business Journal. 20 March 2013. Retrieved 5 January 2018.
  4. ^ "Meet the CEO: Rob Snyder of Stream Energy". D Magazine. October 2010. Retrieved 5 January 2018.
  5. ^ "Stream sets up shop in new Addison HQ". Dallas News. 22 May 2017. Retrieved 5 January 2018.
  6. ^ "Stream to Move Headquarters to Addison's Tollway Center". Addison Magazine. 1 December 2016. Retrieved 5 January 2018.
  7. ^ http://dsnblog.com/tag/stream-energy/
  8. ^ M. B. Pell; Margaret Newkirk (6 December 2010). "Selling energy -- and prosperity?". The Atlanta Journal-Constitution. Retrieved 24 April 2014.
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