One of Tihan's partners in CoinLab already spoke publicly about how raising VC for their projects was made more difficult by the fact that they involved Bitcoin.  If Bitcoin businesses continue to be seen as entities which just do whatever they want when something goes wrong rather than following established business practice, they will continue to have problems attracting venture capital.

It should not take an accountant (and there's already one associated with Bitcoinica and it's FSP, even if he might not have anticipated having to actually do something in relation to the business beyond setting it up) very long to communicate to Bitcoinica Consultancy the essential elements which must be considered when processing and disbursing claims.  This is not a business whose financial practices are not subject to external scrutiny - they are a registered financial services provider and that means they can't just do whatever the hell they want in terms of financial activity and accounting practices.

Messes like this one happen in part because many Bitcoin enterprises start out as one man operations and when they expand appropriate professional standards are not applied to their operations - areas in which the founder has little expertise often get ignored until something goes wrong.  Bitcoina's technical security was inadequate.  It should not compound an already bad situation by implementing a claims process which is also inadequate and which has no independent oversight.