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Kickstarter explains why the Zano drone project went bust
If you were left wondering how the team behind the Zano mini drone could raise so much crowdfunding cash only to crash and burn within the space of a year, you're not alone. Kickstarter commissioned journalist Mark Harris to find out what went wrong, and he just published his findings this week. In short, it's a classic case of biting off more than you can chew. Torquing Group promised a lot (we even put it on our CES 2015 short list), but came to realize that it didn't have the skills or resources to meet expectations. Moreover, the company had a "dangerous lack of self-awareness" -- it didn't realize just how much trouble it was in until it was too late.
Zano mini drone project shuts down following delays
The Zano mini drone project held a lot promise: not only was it supposed to make camera drones affordable, but it was Europe's most successful Kickstarter campaign to date. Unfortunately, though, all those hopes have just come crashing down. Torquing Group is shutting down the tiny UAV project and liquidating its corporate assets. Simply put, the company didn't have much choice between delays (Zano was supposed to ship in June) and internal strife -- its CEO had resigned a week earlier due to a mix of health problems and "irreconcilable differences."
