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- 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 liabilities, totaling $4.8 million. The case was later converted to Chapter 7 liquidation by a bankruptcy judge.
greyjournal.net/news/newchip-online-accelerator-faces-bankruptcy-and-controv… - People also ask
This Austin accelerator made big claims; employees and …
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 TechCrunch, … 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
Newchip's bankruptcy serves as a cautionary tale to founders
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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
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 …
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Newchip Collapse: A Cautionary Tale About Startup …
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Newchip Online Accelerator Faces Bankruptcy and Controversy …
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Newchip Online Accelerator Hits a Dead-end: Files for Chapter 7
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Newchip Accelerator triples enrollment as venture ... - TechCrunch
WEBThe Newchip Accelerator’s enrollment is expected to double in 2021. Here are some factors causing the surge in remote programs: 1. Traditional accelerators can no longer operate …
In A Surprise Move, Proterra Files For Chapter 11 Bankruptcy …
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