What went seriously wrong with Lily Robotics

02/14/17, 09:41 AM | Other Topics | Crowd Funding, drones

Kayla Matthews for VentureBeat: Lying in general is a bad idea, but lying to your would-be customers is an especially awful thing to do. That’s the lesson allegedly being learned by Lily Robotics, which, at the end of January, was raided by San Francisco police as part of a potential criminal investigation.

Let’s back up. Why is the SFPD raiding the headquarters of a robotics company? It’s been a long, strange road, but let’s go back to the beginning.

In 2016, Lily Robotics took more than 60,000 preorders for an upcoming product — preorders valued at more than $34 million. Naturally, these customers expected the product to be delivered within the specified time frame and to work as depicted in the company’s promotional videos. Cont'd...

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