- Founded: 2009
- Ceased Operations: 2015
What did Quirky do?
Quirky was a unique company that captured the attention of many with its innovative approach to product development. Quirky’s platform allowed users to submit their product ideas, which were then evaluated by a community of experts and voted on by the public. The winning ideas were then developed and manufactured by Quirky, with a share of the profits going to the original idea submitter. At its peak, its products were often featured in popular media like The Tonight Show with Jay Leno.
Quirky managed to attract investments from other notable investors, including Kleiner Perkins Caufield & Byers, Norwest Venture Partners, and RRE Ventures. These investments provided the company with additional resources and support to expand its platform and bring more user-generated ideas to life.
Who started Quirky?
Why did Quirky go out of business?
Quirky struggled with high operational costs and complex supply chain management. These challenges, coupled with the company’s rapid expansion and growing debt, ultimately led to its bankruptcy filing in 2015.
Quirky left a lasting impact on the world of product development, inspiring a new generation of inventors and entrepreneurs to think outside the box and embrace the power of crowdsourcing and collaboration.