Collapse of Ninja Blocks – my reaction

I have been watching with interest and disappointment at the failure of Ninja Blocks Pty Ltd or Ninja Blocks Incorporated (NBI). I know they have ran out of money, have down tools and can no longer keep developing the Ninja Sphere but what is the company status? Have they gone bankrupt and what are the liabilities? They are many more questions and hopefully after reflecting on the troubles where will be some directions for new start-up so they can avoid similar pitfalls. What a disappointment for Australia as it seeks to explore new ways to buffer its dependency on mining. How can new start-ups survive?

References:
1 High profile tech start-up Ninja Blocks goes bust
2 GNU Operating System
3 NINJA SPHERE: Next Generation Control of Your Environment

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