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It isn’t just employees who say they were burned by Newchip. Andrew Goei, founder of PitchPages, a pitch deck and fundraising software startup, said he wanted a refund a few months into the program after he felt he was not getting the promised services, specifically the investor intros. In an interview with … See more
Though the employee group has more recently gone public with their grievances, they make claims of mismanagement going back years, including the clawback of sales commissions … See more
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WebMay 2, 2024 · The now-defunct Austin accelerator had filed for bankruptcy amid employee and customer discontent. The court has since ordered the company to auction off the warrants it held in more than 1,000...
WebMay 12, 2023 · Austin startup accelerator Newchip collapses amid bankruptcy case, takeover attempt Court filing: More than 60 of its 100 employees have quit in the past week By Brent Wistrom – Editor,...
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WebUpdated: Sep 12, 2022 / 05:22 AM CDT. SHARE. AUSTIN ( Austin Business Journal) — Blood flow imaging company Dynamic Light Inc. last Tuesday filed for Chapter 7 bankruptcy in the U.S. Western...
WebA massive tech company exodus is occurring in Texas, reports show. Why some tech workers are fleeing Austin after moving there – MSN. Tech companies moving out of their Downtown Austin offices...
Newchip Enters Into Bankruptcy Liquidation - SiliconHills
WebMay 13, 2023 · The Austin-based company rebranded as Astralabs, doing business as Newchip and Newchip Accelerator, filed for Chapter 11 bankruptcy reorganization on March 17th, listing $1.7 million in total …
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The Rise and Fall of Newchip Accelerator | by DC Palter ...
WebMay 13, 2023 · However, on May 11, in a shocking development, the bankruptcy court ordered Newchip shut down and liquidated, leaving thousands of startups that had paid to join the accelerator out in the cold. Newchip claims to have helped 5000 pre-seed through Series A startups that graduated their program, with 1200 more in their current cohorts.
WebApr 6, 2022 · Synapse’s bankruptcy shows just how treacherous things are for the often-interdependent fintech world when one key player hits trouble.
WebJan 16, 2024 · RyanKing999. By Brent Wistrom – Austin Inno, Senior Editor, Austin Business Journal. Jan 16, 2024. Listen to this article 4 min. In our latest startup funding roundup, we look at fresh cash...
WebMay 15, 2023 · Austin Startup Accelerator Newchip Collapses Amid Bankruptcy Case, Takeover Attempt | ABI. Monday, May 15, 2023. Article Tags: Claims. Bankruptcy Litigation. Corporate Governance. Court Administration. Creditors' Committee. Business Reorganization. Finance and Banking. Telecom/Tech.
Austin software startup files for bankruptcy protection
WebJul 27, 2017. Austin-based Medapoint Inc. has filed for Chapter 11 bankruptcy protection. Documents show the startup, which was founded in 2009 and develops cloud-based software for...
Austin's tech industry sees wave of layoffs; local economists …
Web1 day ago · Despite the recent downturn, several local economists said they remain optimistic about the future of Austin’s tech industry, pointing to its low unemployment rate of 3% and new job openings. By ...
Etta restaurants bought for $4M by Texas fintech entrepreneur
WebApr 30, 2024 · Johann Moonesinghe, 41, CEO and co-founder of Austin-based restaurant fintech startup inKind, completed the acquisition April 16, according to court filings, setting the table for Etta to pay...
Austin startup accelerator Newchip collapses amid bankruptcy …
WebMay 12, 2023 · @AustinInno. bizjournals.com. Austin startup accelerator Newchip collapses amid bankruptcy case, takeover attempt. Newchip's Chapter 11 bankruptcy case was converted May 12 into a Chapter 7 business liquidation. On the same day, CEO Andrew Ryan announced the business was closing. 8:34 PM · May 12, 2023. ·. 303. Views. 1. Like.
Inside the Collapse of Synapse: Missing Funds Were Known to …
Web21 hours ago · Millions of consumers who kept their savings with digital banking startups such as Yotta or Juno have lost access to their money as a result of this month’s collapse of a little-known fintech called Synapse Financial Technologies. Synapse, which supplies some of the basic plumbing that allows startups to offer banking services, filed for bankruptcy …
Find Top Austin, TX Startup Lawyers Near You - LawInfo
WebTexas. Austin. Top Austin, TX Startup Lawyers Near You. Wilson, Elser, Moskowitz, Edelman & Dicker LLP. Startup Lawyers. 2407 South Congress Avenue, Suite E - 399, Austin, TX 78704. 1. Verified. Dickinson Wright PLLC. Startup Lawyers. 607 W 3rd St, Suite 2500, Austin, TX 78701. 1. Verified. Littler Mendelson, P.C. Startup Lawyers.
Inside Sidley Austin’s Strategy for a Restructuring Revamp
WebNov 30, 2023 · So, ears perked up in the tight-knit community last year when Sidley Austin announced its intention to take on the mantle of an upstart challenger. I covered Sidley’s hiring of Stephen Hessler to helm the bankruptcy practice. It was an initial step on a firm-wide strategy to crack the market dominated by his former firm, Kirkland & Ellis.
Austin Bankruptcy Lawyers | Compare Top Rated Texas …
WebFree Consultation & Fees. More Filters. Peter Walter Weston. Austin, TX Bankruptcy Attorney with 49 years of experience. (512) 782-4377 106 E. Sixth Street. Suite 900. Austin, TX 78701. Free Consultation Offers Video Conferencing Bankruptcy. South Texas College Of Law. Show Preview. View Website View Lawyer Profile Email Lawyer.
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WebTheir reputation is pre-eminent among attorneys. Law Firm President. Call (408) 441-7500 or (310) 818-7500 - Structure Law Group, LLP is dedicated to serving our clients with a range of legal services including Business and Corporate cases.
Austin Inno Startups, Tech News and Events | Austin Inno
Web4 days ago · Here's how much startup founders make in 2024. News. Austin streaming TV startup shrinking — again. Inno Insights. Hiring ramps in Austin after restaurant tech co. lands $175M. News. National ...
Synapse bankruptcy: Customers say they can't access funds
WebMay 22, 2024 · One customer, a Maryland teacher named Chris Buckler, said in a May 21 filing that his funds at crypto app Juno were locked because of the Synapse bankruptcy. “I am increasingly desperate and ...
Synapse, backed by a16z, has collapsed, and 10M consumers
WebMay 25, 2024 · Last year, the fintech startup world — star of the 2021 venture capital heydays — began to unravel as VC funding grew tight. As we step into mid-2024, large chunks of the sector today are a ...
Applesauce maker files Chapter 7 bankruptcy amid lead recall …
Web(WJET/WFXP) — After a major applesauce recall in late 2023, applesauce producer WanaBanna filed for Chapter 7 bankruptcy on May 15. Chapter 7 bankruptcy is different from Chapter 11; Chapter 7 ...
Layoffs and rebounds: How Kasasa is riding a rollercoaster …
Web3 days ago · Austin fintech company Kasasa nearly met its fate a decade ago. Then the pandemic nearly crushed it once again. In this story, we explore how the company has rebounded from regulatory hurdles and ...
Faith-based director led tech startup that once considered …
WebApr 1, 2024 · It is unclear whether Villio ever received a salary from his tech startup in addition to his annual salary of $165,000, plus a $1,000 monthly car allowance leading the governor's faith-based ...
Austin-based speech therapy startup Expressable raises $26M
WebMay 21, 2024. Listen to this article 3 min. An Austin-based speech therapy startup has raised millions in new investment to add to its clinical network of therapists across the nation. Expressable ...
The demise of BaaS fintech Synapse could derail the funding …
Web4 days ago · Welcome to TechCrunch Fintech! This week, we’re looking at the long-term implications of Synapse’s bankruptcy on the fintech sector, Majority’s impressive ARR milestone, and more! To get a ...
Romance Writers of America Goes Bankrupt After Courtney Milan …
Web3 days ago · A professional organization for romance authors filed bankruptcy, blaming the high cost of its annual conference and a membership crisis triggered by the suspension of a prominent writer who ...
Inside EV startup Fisker’s collapse: how the company crumbled …
Web1 day ago · Prelude alleges in the lawsuit that Fisker owes at least $660,000. DeBord declined to comment on the lawsuit. He told TechCrunch that Fisker “always planned for the Customer Relations team to ...
Austin Regus location swept up in rush of bankruptcy filings
WebSep 14, 2020. Some 75 different entities connected with coworking firm Regus Corp. have filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of...
Costa Coffee setting up at Austin airport - Austin Business Journal
Web5 days ago · May 27, 2024. Listen to this article 4 min. U.K.-based Costa Coffee is debuting new coffee machines at Austin Bergstrom International Airport, adding to the base of outside companies growing at ...
Tesla shareholder sweepstakes and EV layoffs hit Lucid and Fisker
Web2 days ago · Fisker has been in a tailspin for months and has made several rounds of layoffs. This latest cut is getting close to the bone. The company employed about 1,135 employees as of April 19. Sources ...
Home sellers cut prices, interest rates hold buyers back - Austin ...
Web1 day ago · It's also higher than the percentages seen at the same point in 2022 and 2021. Redfin Chief Economist Daryl Fairweather said the housing market right now is seeing some slight signs of softening ...
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