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This Austin accelerator made big claims; employees and …
Newchip, operating under Astralabs, filed for Chapter 11 bankruptcy in March, revealing that it had just $1.7 million in assets compared to $4.8 million in liabilities. Last week, a bankruptcy... See more
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 … See more
Though the employee group has more recently gone public with their grievances, they make claims of mismanagement going back years, … See more
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Newchip’s bankruptcy serves as a cautionary tale to founders
WebMay 22, 2024 · When Newchip, an online accelerator promising to help startups, filed for Chapter 11 bankruptcy in March 2023, it was revealed that the company had just $1.7 …
They thought they were joining an accelerator - TechCrunch
WebMay 2, 2024 · When Newchip (which also did business under the name Astralabs) initially filed for bankruptcy in March 2023, it was a Chapter 11 debt reorg.
Newchip Enters Into Bankruptcy Liquidation - SiliconHills
WebMay 13, 2023 · By Laura Lorek, publisher and senior writer of Silicon Hills News. Newchip entered into bankruptcy liquidation last week. The Austin-based company rebranded as Astralabs, doing business as Newchip …
Austin startup accelerator Newchip collapses amid bankruptcy …
WebMay 12, 2023 · The company, legally known as AstraLabs Inc., has been dealing with a Chapter 11 bankruptcy business reorganization case that started on March 17. On May …
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- Works For: Austin Business Journal
- Occupation: Editor, Austin Inno
ASTRALABS Under Andrew Ryan's Leadership Prevails in Final …
WebFeb 8, 2024 · Austin, Texas-- (Newsfile Corp. - February 8, 2024) - In a definitive ruling by the United States Bankruptcy Court for the Western District of Texas, Austin Division, …
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 …
An Accelerator Implodes, Leaving Founders in Shock
WebMay 18, 2023 · By all accounts, they didn’t get much of that from Newchip, whose parent Astralabs last week entered into Chapter 7 bankruptcy, leaving creditors owed $4.8 million and participants in a state of shock. A …
Understanding Newchip’s Journey Through A Takeover
WebJun 12, 2023 · Understanding Newchip Accelerator Takeover & ASTRALABS Bankruptcy: Insights from Andrew Ryan. Andrew Ryan. ·. Follow. 7 min read. ·. Jun 12, 2023. Image …
Newchip accelerator goes bankrupt - this is how they tried
WebMay 17, 2023 · Four days ago Newchip was ordered liquidated and shut down for good after filing for bankruptcy earlier. Many startups never got what was promised. The ones who …
Newchip accelerator scam: Here's what I recommend …
WebMay 19, 2023 · Still, the news about its bankruptcy came as a shock. In particular because Newchip tried to enroll us – and thousands of other entrepreneurs – in their expensive acceleration program when, …
Newchip CEO Andrew Ryan Accused of Sexual Harassment, …
WebJun 12, 2023 · Once described as “Shark Tank for everyday Americans,” Newchip is now being liquidated by a U.S. bankruptcy court after racking up millions in debt and losing …
Newchip Online Accelerator Hits a Dead-end: Files for Chapter 7
WebMay 23, 2023 · TechCrunch | Mary Ann Azevedo, Christine Hall | May 19, 2023 Once a promising online accelerator, Newchip has filed for Chapter 7 bankruptcy following …
TechCrunch Minute: Newchip, Techstars and what happens …
WebMay 6, 2024 · Mix in a culture that appeared to be turbulent at best, and you have a situation in which an accelerator is in bankruptcy and startups are closing over the potential sale …
ASTRALABS Inc | Free Bankruptcy Petition- Chapter 11 Filing …
WebOn March 17, 2023 ASTRALABS Inc dba Newchip filed for chapter 11 protection in the Western District of Texas (Case No. 23-10164). The Petition states funds will be …
Scam Founder - Andrew Ryan Rafols (Newchip) : r/Scams - Reddit
WebNewchip was a disgraceful company. Took their startup founder course years ago. Paid for it (quite expensive) and got nothing materially transformative from the experience. Didn't …
Austin Startup Accelerator Newchip Collapses Amid Bankruptcy …
WebMay 15, 2023 · Austin Startup Accelerator Newchip Collapses Amid Bankruptcy Case, Takeover Attempt | ABI. Monday, May 15, 2023. Article Tags: Claims. Bankruptcy …
Michael C.’s Post - LinkedIn
WebAndrew Ryan and The Astralabs Bankruptcy Michael C. 1w ... Andrew Ryan, ASTRALABS, and Newchip Accelerator — Con Man Capital Michael C. 3w Explore topics
What to know about the spectacular collapse of Silicon Valley …
WebMar 10, 2023 · Justin Sullivan/Getty Images. A bank that caters to many of the world's most powerful tech investors collapsed on Friday and was taken over by federal regulators, …
Silicon Valley Bank collapse: Treasury, Fed and FDIC ... - ABC …
WebMar 12, 2023 · Silicon Valley Bank, the 16th largest bank in the country, failed on Friday and was taken over by the FDIC, after a run on the bank Wednesday and customers …
Newchip Accelerator triples enrollment as venture ... - TechCrunch
WebThe Newchip Accelerator’s enrollment is expected to double in 2021. ... Synapse’s bankruptcy shows just how treacherous things are for the often-interdependent fintech …
Do I need to file for bankruptcy? I can not afford to pay my …
WebJun 25, 2019 · Read 3 Answers from lawyers to Do I need to file for bankruptcy? I can not afford to pay my monthly payments to SOME of my creditors for NOW. - California …
Musk’s xAI raises fresh capital while Synapse’s bankruptcy could …
Web4 days ago · When Newchip, an online accelerator promising to help startups, filed for Chapter 11 bankruptcy in March 2023, it was revealed that the company had just…
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