Quirky CEO Ben Kaufman Steps Down

Ben Kaufman, founder of crowdsourced invention platform Quirky, is stepping down as CEO, the corporate announced Friday in a weblog post. “Ben continues to believe in Quirky’s core mission to make invention accessible and believes that mission will continue to exist,” the company wrote.

Quirky mentioned the management exchange is a component of its “ongoing technique to focal point our efforts and instruments on Wink,” which is Quirky’s subsidiary for smart dwelling gadgets.

Ed Kremer, up to now Quirky’s chief financial officer, is the brand new CEO.

In late July, industry Insider stated that Quirky was struggling to lift funding, and would possibly need to lay off staff in August to chop costs. “unfortunately, we now have no longer been able to obtain sufficient funding to enable us to proceed to function our business at the present levels of staffing,” Kaufman wrote to staff in a memo acquired through industry Insider.

When requested on Twitter whether he would remain concerned with Wink, Kaufman mentioned he has “left both corporations.”

In April of this yr, Wink recalled its home security hubs because of a security flaw. The remember effectively ended Quirky’s efforts to promote the smart dwelling subsidiary.

[via business Insider]