According to many reports, Lily Drone scam is finally over. – Why scam? – Because it’s been 3 years and they never deliver a final product to those who preordered it. Now, at least after such a long time, they are ready to give the money back. Here is the part of the email that people who pre-ordered Lily drone received today:
At the same time, we have been racing against a clock of ever-diminishing funds. Over the past few months, we have tried to secure financing in order to unlock our manufacturing line and ship our first units – but have been unable to do this. As a result, we are deeply saddened to say that we are planning to wind down the company and offer refunds to customers.
Seriously? $15.000.000 USD was not enough to make it fly? But Lily started to sell not existent product and got $34M on top of $15M. And now their excuse is that there was not enough money to manufacture the autonomous drone. Lily drone team had $49 Million in their hands and failed to set up a production for it. Just for the comparison, Hover Camera only raised $25M and delivered the final product to the customers.
– Is it a good product? Not at all! But they made something real without complaining that they have no money.
Truth About Lily Drone Fail
While trying to make an autonomous drone and taking their time, they forgot about competition. DJI, Yuneec, Hover, all of them have drones that can fly and follow you autonomously now. They decided not to make a mistake GoPro made in 2016. All we know GoPro released an outdated product that could be a crazy successful couple of years ago, but not today. Even if Lily drone were finally released, it wouldn’t be able to compete on a current market. Probably considering that, Lily founder Antoine Balaresque and Henry Bradlow decided to give up.
Well, we should be thankful to Lily Drone team, because at least they said all the customers will get re-fund in next 60 days. Unlike the Zano, which has just raised $3.6 million on a Kickstarter and neither delivered a product nor return the money to the backers.
Thank you for reading!
