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- 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 reorganization on March 17th, listing $1.7 million in total assets and $4.8 million in total liabilities, according to its filing.
www.siliconhillsnews.com/2023/05/13/newchip-enters-into-bankruptcy-liquidation/ - People also ask
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 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, including the clawback of sales commissions … 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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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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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 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 …
Newchip Collapse: A Cautionary Tale About Startup …
WEBJun 15, 2023 · Newchip, once strutting its stuff alongside the big guns like Y-Combinator, found itself in a real pickle. It's been ordered to shut down and liquidate while under the shadow of Chapter 11 bankruptcy, …
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 …
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WEBJun 12, 2023 · In a heartfelt open letter, Newchip’s former CEO, Andrew Ryan, shared an intimate account of the company’s current situation. “Our company, Newchip …
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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 …
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.
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, …
Andrew Ryan, ASTRALABS, and Newchip Accelerator
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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 …
Newchip Online Accelerator Hits a Dead-end: Files for Chapter 7
WEBMay 23, 2023 · Once a promising online accelerator, Newchip has filed for Chapter 7 bankruptcy following Chapter 11 filings earlier this year. The company reported assets of …
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. …
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 …
Has Anyone Here Done The Newchip Accelerator? Honest …
WEBWe completed the interviews and were offered a spot in the next cohort of the Newchip accelerator. Really curious to hear honest feedback (good and bad) from other startup …
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