[New post] Smart home platform Wink for sale after Quirky seeks Chapter 11

sskarthik posted: "Invention start-up company Quirky Inc, backed by a string of venture capital funds, has filed for Chapter 11 relief and put its smart home platform Wink up for sale, court filings showed on Tuesday. Other start-ups have also collapsed this year, such as H" Respond to this post by replying above this line New post on SKarthik.info Smart home platform Wink for sale after Quirky seeks Chapter 11 by sskarthik Invention start-up company Quirky Inc, backed by a string of venture capital funds, has filed for Chapter 11 relief and put its smart home platform Wink up for sale, court filings showed on Tuesday. Other start-ups have also collapsed this year, such as Homejoy which used the web to offer house cleaning, raising concerns among venture capitalists about investing in companies that cater to consumers rather than businesses. Flextronics International, a Wink partner and also its biggest creditor, has committed to pay at least $15 million for the platform, which also has partnerships with General Electric and Honeywell International. Read more... sskarthik | September 23, 2015 at 1:33 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3lo5 Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/09/23/smart-home-platform-wink-for-sale-after-quirky-seeks-chapter-11-3/ Thanks for flying with WordPress.com