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Quirky was an invention platform that connects inventors with companies that specialized in a specific product category. Partners included [1 ] General Electric, Mattel, Harman and PepsiCo.
History [ edit ]
Quirky was founded in 2009 by Ben Kaufman.
In April 2010, Quirky received $6.5 million in Series A
venture capital funding, led by RRE Ventures. The company later received a $16 million Series B round in August 2011 led by [3 ] Norwest Venture Partners, and a $68 million Series C round in September 2012 led by Andreessen Horowitz and Kleiner Perkins Caufield & Byers. Then, in November 2013, Quirky raised $79 million in Series D funding from GE as well as its venture investors Andreessen Horowitz, Norwest Venture Partners, RRE and Kleiner Perkins Caufield & Byers. [4 ] Part of the deal extends a partnership that Quirky and GE struck earlier this year, with GE now putting $30 million into the funding round and committing to build 30 connected-home gadgets together in the next five years. [5 ] [6 ]
In 2011, a
reality television series named Quirky debuted on the Sundance Channel following events at the Quirky office. [7 ]
On July 31, 2015, Ben Kaufman stepped down as CEO of Quirky following a layoff of 111 employees due to trouble getting funding.
[8 ] [9 ] [10 ] [11 ] [12 ]
On September 22, 2015, the company filed for
Chapter 11 bankruptcy. [13 ] [14 ]
See also [ edit ]
References [ edit ]
^ "About". Quirky. 3 June 2014.
^ "AdWeek". Quirky. 3 June 2014.
^ Quirky's 23-year-old CEO finds love with the supply chain, Paul Boutin, VentureBeat, April 27, 2010
^ Fenn, Donna (September 7, 2012). "Quirky Gets Backing From Andreessen Horowitz and Kleiner Perkins". New York Times . Retrieved . October 17, 2012
^ Gannes, Liz (November 13, 2013). "Quirky Raises $79M, Including $30M From GE to Make Connected-Home Gadgets". All Things Digital.
^ Stinson, Liz (November 19, 2013). "Quirky and GE Partner to Conquer the Internet of Things". Wired.
^ Associated Press, "Startup Quirky brings people's ideas to life", , 28 August 2011, p. 5. Japan Times
^ D'Onfro, Jillian (1 August 2015). "The CEO of New York startup Quirky steps down in the wake of lay-offs and funding struggles". Business Insider.
^ Diana, Chelsea (3 August 2015). "Quirky founder Ben Kaufman steps down as CEO". New York Business Journal.
^ Alois, JD (3 August 2015). "Quirky CEO Ben Kaufman Out. Replaced by CFO Ed Kremer". Crowdfunding Insider.
^ Pastore, Rose (3 August 2015). "Quirky CEO Ben Kaufman Steps Down".
^ Crist, Ry (2 August 2015). "Quirky's Ben Kaufman steps down as CEO".
^ Gleason, Stephen (22 September 2015). "Invention Startup Quirky Files for Bankruptcy". The Wall Street Journal.
^ Lohr, Steve (22 September 2015). "Quirky, an Invention Start-Up, Files for Bankruptcy". The New York Times.
External links [ edit ]