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.
Recently Kickstarter released some of its metrics, which showed a rapid acceleration in the amount of funding secured for projects on the site. Kickstarter raised $50 million in its first two years of existence and $10 million in just the last ten weeks.
Wired, which gave the Maker movement the cover treatment a few months back, recently declared on Epicenter that 2011 was the year the DIY movement broke out. With companies like Kickstarter, Quirky, Makerbot, Shapeways and Etsy all scaling fast, it seems like New York is poised to capture this booming market.