When I read about the bankruptcy of Quirky, my first thought was about the Quirky.com domain name owned by the company. My second thought was about what company would be tasked with selling the domain name, and I learned that Hilco Streambank will be responsible for the sale of the domain name and business assets.
In my opinion, Quirky is a neat (and flexible) brand name, and obviously having the matching Quirky.com domain name is important. According to Hilco Streambank CEO Gabe Fried, “the brand stands for new, out-of-the-box, creativity.”
Here’s what is being marketed for sale by Hilco Streambank:
- Trademark and domain portfolio of Quirky.com
- Innovation Sourcing and Development Platform
- Community of 1.15 million innovators and contributors
- Portfolio of products including patents, schematics, CAD files, specifications, prototypes, product specific trademarks and domains and inventory.
According to Fried, the plan is to sell the Quirky brand/domain name with the platform and separately sell the product portfolio. However, the company is willing to entertain offers on individual assets. As of right now, the bidding deadline has not yet been finalized.
Hilco Streambank has more information about the company and bidding on the assets on its website. There are several Hilco Streambank contacts on the information page if you have any questions about the sale of Quirky and its assets.
Went from 185 million in funding to bankruptcy in less than 4 years.
Domain value alone reseller is low $XXXXX. Better sale this with the extras!
it will be a firesale. The domain will have minimal value for a few years, with the bankruptcy of Quirky hanging over the domain.
I loved the biz model of Quirky, but it just couldn’t scale & generate exponential revenues. Once 3D printing is omnipresent, a company like Quirky could work, maybe as a franchise like Kinkos.