4-winged copter dies at birth?

http://techcrunch.com/2015/11/07/another-1-million-crowdfunded-gadget-company-collapses/?ncid=rss

"It seems TechJect failed to even fully develop the Robot Dragonfly even though the project hit first hit Indiegogo nearly three years ago. The Indiegogo project page states the developement had begun (in at least 2012) on a $1m grant from the US Air Force. “We don’t want users to wait for technology to trickle down,” the page says. Yet backers are still waiting.

After the company announced the financial troubles yesterday, backers took to the comments section on Indiegogo en masse. And rightly so. Today, the company clarified that technically the project has not been canceled yet. The company just needs more money to continue. It also notes that if the product fails to ship, the company will release all the “all the company’s Dragonfly IP with full license authority to all our campaign backers for use, re-sale and more as they please to instigate recovery against their loss.”
The Robotic Dragonfly always seemed a bit far-fetched. We covered the campaign after visiting the Georgia Tech labs where the project was born. But good engineers do not always make good founders. It takes a special team to see a product from CAD drawings to prototypes to store shelves."

They were advertising this as a platform for video work.  I don't see it being very stable with 4 flapping wings.