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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 and Ryan giving himself bonuses during monthly financial deficits. For example, … See more
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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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WEBMar 13, 2024 · In a definitive ruling by the United States Bankruptcy Court for the Western District of Texas, Austin Division, the Honorable Judge Shad Robinson ruled in favor of …
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 $1.7 …
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 …
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, …
WEBMay 2, 2024 · When the now-defunct Austin accelerator Newchip filed for bankruptcy, founders learned that warrants into their startups were being sold off.
The Fall of Newchip: Founders Lose Out as Accelerator’s …
WEBFind out why due diligence and stronger regulations are crucial when choosing an accelerator. Discover the fallout of Newchip’s bankruptcy as founders are left stranded …
The Rise and Fall of Newchip Accelerator | by DC Palter ...
WEBMay 13, 2023 · Newchip rivaled Y-Combinator as one of the largest startup accelerators. But on May 11, it was ordered shut down by a bankruptcy judge amidst recriminations by …
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WEBMay 19, 2023 · Bjorn Erik Hansen, founder and CEO at INTIEM, an AI-based SexTech solution, believes the organization’s business model was an intentional deception. Just a …
Newchip Accelerator Bankruptcy: An Inside Look at Andrew Ryan …
WEBJun 12, 2023 · Newchip Accelerator, despite being the loss leader in this portfolio, was designed to foster long-term partnerships and create synergy within the ecosystem.
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WEBJun 12, 2023 · Understanding Newchip Accelerator Takeover & ASTRALABS Bankruptcy: Insights from Andrew Ryan. Andrew Ryan. ·. Follow. 7 min read. ·. Jun 12, 2023. Image …
The Fall of Newchip Accelerator - LinkedIn
WEBMay 20, 2023 · On March 17, Newchip Accelerator filed for bankruptcy protection from its creditors to allow the company to restructure and maintain operations. However, on May …
Newchip accelerator goes bankrupt - this is how they tried
WEBMay 17, 2023 · In August 2022 I was approached by a sales manager from Newchip - an accelerator program claiming to have helped over 5000 startups globally.
Episode 010: The Newchip Accelerator bankruptcy and Tanvi …
WEBMatthew Parker. May 24, 2023. On this episode of the Stretch Four Podcast, Tanvi Surti, founder of Luca, joins the show to discuss e-commerce, AI, and YCombinator. Before …
Austin Startup Accelerator Newchip Collapses Amid Bankruptcy …
WEBMay 15, 2023 · Austin Startup Accelerator Newchip Collapses Amid Bankruptcy Case, Takeover Attempt. Monday, May 15, 2023. Article Tags: Claims. Bankruptcy Litigation. …
Newchip Online Accelerator Faces Bankruptcy and Controversy …
WEBMay 19, 2023 · Newchip, the online accelerator that promised to assist startups, is currently facing insolvency and has filed for bankruptcy. The organization has been met with …
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WEB6 hours ago · Flow Computing is making a tough to believe claim: it says it can 100x the performance of any CPU by shifting work to a special parallel processing unit (PPU) …
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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 …
Nvidia's Jensen Huang, AMD's Lisa Su Lay Out AI Chip Roadmaps
WEBED CARSON. 04:33 PM ET 06/03/2024. Nvidia ( NVDA) CEO Jensen Huang announced plans for new artificial intelligence accelerator chips Sunday, with AMD's Lisa Su …
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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 …
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WEBJul 13, 2019 · 60 years ago today the largest nuclear accident in U.S. history occurred above the Southern California community of Simi Valley when the Santa Susanna Field …
The U.S. Gave Chip Makers Billions. Now Comes the Hard Part.
WEBJun 3, 2024 · Two years into a nearly $53 billion government effort to shore up the U.S. chip industry, the program’s impact is becoming clearer: Big companies making …
Open and shut business update - simivalleyacorn.com
WEBJan 27, 2024 · According to the company, Rite Aid is closing 200 stores due to downsizing amid a bankruptcy filing. The Simi Valley location at 5845 E. Los Angeles Ave. is not on …
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WEBRelated: AMD fires latest shot at Nvidia in AI-chip war One of those attendees was Lisa Su, president, CEO, and chair of Advanced Micro Devices AMD. On June 8, she took to X, …
Intel battles AMD with new data center chips | Reuters
WEBJun 4, 2024 · On a briefing call with reporters, Intel said that a Gaudi 3 accelerator kit, which includes eight of the AI chips, sells for about $125,000, and the earlier generation …
AMD’s Ryzen AI 300 Chips For Copilot+ PCs Take Aim At …
WEBJun 3, 2024 · AMD has revealed its third generation of Ryzen processors for AI PCs with a new brand name, claiming that they beat the latest chips from Intel, Apple and …
China chip industry gets $47.5 billion in new funding | CNN Business
WEBMay 27, 2024 · Hua Hong Semiconductor, China’s second largest chip foundry and a supplier for Huawei, has gained 13%. The first phase of the fund was set up in 2014 with …
Nvidia Unveils Next-Generation Rubin AI Platform for 2026
WEBShares of Taiwan Semiconductor Manufacturing Co. and other suppliers rose after the announcement. TSMC’s stock climbed as much as 3.9%, while Wistron Corp. gained 4%.
Newchip Accelerator triples enrollment as venture ... - TechCrunch
WEBWith traditional accelerator models being unable to operate due to continued social distancing measures, the future of accelerators is virtual. Why are founders choosing …
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WEBJun 2, 2024 · Nvidia says next-gen AI platform Rubin to come in 2026 as CEO Jensen Huang touts chip giant’s tech to handle ‘computation inflation’. BY Ian King, Vlad Savov …
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Computex: Intel Accelerates AI Everywhere, Redefines Power,...
WEBNews. TAIPEI, Taiwan, June 4, 2024 – Today at Computex, Intel unveiled cutting-edge technologies and architectures poised to dramatically accelerate the AI ecosystem – …
AMD Extends AI and High-Performance Leadership in Data …
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Tech giants form an industry group to help develop next-gen AI …
WEBMay 30, 2024 · Revenue from AI chips will hit $33.4 billion by 2025, meanwhile, projects Gartner. Google has custom chips for training and running AI models, TPUs and Axion . …
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