Quirky, a crowdsourced creation platform, just raised $16 million. What numbers were those venture heads looking at when they opened their wallets? Well Quirky recently partnered with Bed, Bath & Beyond, and company says this has spurred big growth.
Since the start of 2011 it has expanded its user base by more than 40 percent to over 78,000.
The average number of ideas submitted in each weekly round has doubled from 114 to 227. A show about the company is about to air on the Sundance channel, so expect that growth to increase. Read More