eevRANT: Lily Drones Folds. A $45M FAIL!

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The Lily Drone company has folded, admitted defeat, and will not deliver after 3 years, $30M in pre-sales plus $15M in VC funding.
What a spectacular FAIL!
https://www.lily.camera/adventure-comes-end/

UPDATE: Lawsuit from the District Attorney:
https://techcrunch.com/2017/01/12/sf-district-attorney-lawsuit-against-lily-may-have-prompted-refund/
And refunds might not happen, they owe the bank:
https://www.suasnews.com/2017/01/the-people-vs-lily-robotics/

Forum: http://www.eevblog.com/forum/blog/eevrant-lily-drones-folds-after-$30m-in-pre-sales/

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