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- 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 judge ended up converting the case to Chapter 7 liquidation.
techcrunch.com/2023/05/19/this-austin-accelerator-made-big-claims-employee… - People also ask
This Austin accelerator made big claims; employees and …
Newchip, an online accelerator promising to help startups, has filed for bankruptcy and is now facing insolvency amid employee and client discontent. Dozens of employees of the troubled... 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 … 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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Newchip Enters Into Bankruptcy Liquidation - SiliconHills
WebMay 13, 2023 · Newchip entered into bankruptcy liquidation last week. The Austin-based company rebranded as Astralabs, doing business as Newchip and Newchip Accelerator, filed for Chapter 11 bankruptcy …
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 …
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 …
- Email: [email protected]
- Works For: Austin Business Journal
- Occupation: Editor, Austin Inno
They thought they were joining an accelerator - TechCrunch
Web10:38 AM PDT • May 2, 2024. Comment. Image Credits: Bryce Durbin / TechCrunch. Lacey Hunter thought all was well as she put her startup through the three-month Newchip …
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, …
Newchip Reveal with Andrew Ryan Part I: Our Fight, Chapter 7
WebPublished May 12, 2023. To our Startups, our Mentor, and Investor Communities, I deeply regret to inform you that our company Newchip Accelerator after 6+ years of supporting …
Newchip Collapse: A Cautionary Tale About Startup …
WebJun 15, 2023 · It's been ordered to shut down and liquidate while under the shadow of Chapter 11 bankruptcy, leaving a sea of startups high and dry. These startups, who'd shelled out anywhere between $8K to $20K, were …
Newchip's bankruptcy is a cautionary tale for founders
WebEntrepreneurship. For months, TechCrunch Senior Reporters Mary Ann Azevedo and Christine Hall have been following the story of Newchip's bankruptcy and its impact on …
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.
The Fall of Newchip: Founders Lose Out as Accelerator’s …
WebConclusion: The bankruptcy of Newchip has left a trail of shattered dreams and frustrated founders. The lack of transparency and mismanagement of warrants has resulted in …
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 …
The Rise and Fall of Newchip Accelerator | by DC Palter | May, 2023
WebOn March 17, Newchip (under its corporate name of Astralabs) filed for Chapter 11 bankruptcy protection from creditors. This would allow the company to restructure and …
The Rise and Fall of Newchip Accelerator | by DC Palter ...
WebMay 13, 2023 · On March 17, Newchip (under its corporate name of Astralabs) filed for Chapter 11 bankruptcy protection from creditors. This would allow the company to …
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 …
Andrew Ryan, ASTRALABS, and Newchip Accelerator
WebMichael Cipriano. Mar 26, 2024. As an investor in Newchip Accelerator via parent company ASTRALABS, I wanted to share a few thoughts on the ongoing bankruptcy …
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 Online Accelerator Faces Bankruptcy and Controversy …
WebMay 19, 2023 · Newchip, operating under Astralabs, filed for Chapter 11 bankruptcy in March, revealing a significant disparity between its assets, valued at $1.7 million, and its …
The Fall of Newchip Accelerator - LinkedIn
WebPublished May 20, 2023. On March 17, Newchip Accelerator filed for bankruptcy protection from its creditors to allow the company to restructure and maintain operations. However, …
TechCrunch Minute: Newchip, Techstars and what happens …
WebMay 6, 2024 · That said, with Newchip in liquidation and Techstars pushing ahead with its revamp, we are likely closer to the end of the accelerator shakeup than its beginning. Hit …
Newchip's bankruptcy is a cautionary tale for founders | Equity …
WebMay 15, 2024 · The company after the initial bankruptcy Filing that the management hadn't really Kept up to them enough to the point Where they actually missed that some the …
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 …
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Alex Jones Says Infowars Could Be Shut Down Within Hours
Web7 hours ago · The news service's host claimed that federal authorities were going to shut down his studios in Austin, Texas, on Friday night. ... U.S. Bankruptcy Court Judge …
How ASML took over the chipmaking chessboard
WebApr 1, 2024 · And we almost went bankrupt several times in that period,” van den Brink says. “So for us there was only one mission: to survive and show a customer that we …
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What is Chapter 11 bankruptcy? Red Lobster's financial bind, …
WebMay 24, 2024 · A Chapter 11 bankruptcy is a reorganization, usually for a corporation or partnership. The debtor typically remains in possession as a trustee. With court approval, …
Zachry Holdings, 20 subsidiaries file for bankruptcy protection
WebMay 21, 2024 · Jon Shapley/Staff photographer. San Antonio’s Zachry Holdings Inc. — long an international force in the engineering and construction industry — sought Chapter 11 …
Red Lobster's endless shrimp, customer drop detailed in …
WebMay 22, 2024 · Red Lobster's Chapter 11 bankruptcy filing and the closing of multiple locations of the Florida-based chain are the culmination of massive debt, a carousel of …
WeWork Survived Bankruptcy. Now It Has to Make Coworking …
Web3 days ago · WeWork had more than 500 global locations before it filed for bankruptcy, and will operate about 330 WeWorks going forward, about half of which will be in the US and …
Red Lobster: Locations closing but 'we're not going out of business'
WebMay 22, 2024 · 1:21. Red Lobster has spoken. The company released a statement on social media Tuesday explaining its decision to file for Chapter 11 bankruptcy Sunday. The …
How private equity rolled Red Lobster - NBC News
WebMay 24, 2024 · Companies bought out and indebted by private equity go bankrupt 10 times more often than companies not purchased by these firms, ... According to the …
Who's (not) IPO-ing, and what's going on with BaaS?
Web2 days ago · Synapse, a banking-as-a-service (BaaS) provider, filed for Chapter 11 bankruptcy after a failed acquisition deal with Tabipay. The collapse has caused …
What Apple isn’t telling you about the new iPad Pro’s OLED display
Web2 days ago · The new 11-inch model has a depth of just 0.21 inches, compared to 0.23 inches for the 2022 model. Meanwhile, the 13-inch version is just 0.20 inches in depth, …
Red Lobster Bankruptcy: the Rise and Fall of Red Lobster
WebMay 20, 2024 · Red Lobster has filed for Chapter 11 bankruptcy, according to a statement released Sunday. The seafood chain's troubles include failed all-you-can-eat snow crab …
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