11 Lessons From Startup Chapter 11s
CB Insights
JUNE 6, 2019
We were promised a future of jetpacks and flying cars — and it’s 2014. By February 2014, Quirky had just $50M left in the bank and was burning through almost $6M per month. Sales dipped to $85M in 2014, falling even further $77M in 2015. Quirky: Enthusiasm is no substitute for quality control. Founded: 2009.
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