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How does a start-up with $34 million in orders go out of business?
January 18, 2017 /
Lily Drone certainly had some buzz not such a long time ago. Founded in 2013, the venture capital-backed start-up created a really cool, first-of-its-kind "throw and shoot" camera drone. What the heck is that, you ask?
It’s a cute little drone about the size of your hand. It’s lightweight, has a high-resolution HD camera and is launched just by throwing it in the air. The really cool thing (in my view) is that it uses sensors to follow you around-so it can take video selfies while you ride your bike or ski down a black diamond trail, all on its own. And best of all…it worked!
By Gene Marks
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Posted in: Funding and Building your Business