2 years is a very long time in the tech industry and it would have been released around the same time as the DJI Spark that shares a lot of the features of the Lily Drone. It was never mentioned why Lily never made it to market. Many people speculated that the features boosted in the promo video were largely embellished and they couldn’t make it a reality.
Is it worth backing projects?
Lilly Drone and many others never made it to market, but crowdfunding is a great springboard platform for more established companies like Insta360 to test audiences for products before getting them in to production. They originally released the Insta360 Air Android 360 camera through crowdfunding at a great early bird price. In our opinion its the best money can buy in that pricing bracket.
The price point for those early bird pre-order customers is very appealing and often comes with extra perks that later adopters will not see. A good example is the Titch Micro Drone that is currently 30% off at the moment here on Indiegogo.
These types of platforms are integral in keeping fresh ideas coming from a much wider stream than the monopoly of big tech companies out there. Just use your common sense, do your research and enjoy the ride.