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The Flying Lily Camera Drone is Dead, Buyers Will Be Refunded (mashable.com)
The Lily Camera drone, which could begin recording as soon as you threw it into the air and would follow your movements automatically, has failed to materialize. The startup, which took pre-orders worth more than $34 million for its drone camera said Thursday they are shutting down the company and will issue refunds. From a report: The Lily company faced "many ups and downs" last year, the company said, adding that they couldn't secure financing for manufacturing and shipping the first batch of units. The Lily cameras were originally started to begin shipping in February 2016, but the co-founders said "software issues" resulted in a delay in the shipment. Later in October, the team gave people another chance to purchase the device, adding that stores will re-open in 2017. As of last month, the company hadn't shipped a single unit.
Despite them not succeeding, you have to give them credit for at least refunding folks compared to other epic failures on Kickstarter. In the last year, we've also seen the number of consumer drones skyrocket leading to more "accidents" so maybe the market is starting to saturate.
Probably didn't help that many drones appeared on the market in the past year with the same capabilities. I can walk into a Best Buy and buy a drone that can follow and film me today.
Sorry, teleporters just kill you and then make a copy. A perfect, soul-less copy.
"The startup, which took pre-orders worth more than $34 million..."
FFS, you had $34 million dollars in your pocket and couldn't ship one fucking product?
They should rename themselves, "Hopeless Lamers Inc" and their company motto should be, "We Can't Do Shit".
Just cruising through this digital world at 33 1/3 rpm...
So what exactly did they do with the $34 million dollars? That seems like a substantial amount of funding just to ship a first round of a basic electronics product.