Quirky is just days away from raising a new round of venture capital funding, Fortune has learned, but the product development company now has a much different business model than it did when it last solicited investors in 2013. Namely, it will no longer make any of its own products. It also may have a different relationship with Wink, a wholly-owned home automation subsidiary that was quietly put up for sale earlier this year.
“There’s a point where it doesn’t make sense for one unprofitable startup to keep funding another unprofitable startup,” explains Quirky CEO Ben Kaufman, in an exclusive interview with Fortune.
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