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- Chapter 11Newchip 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
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 and Ryan giving himself bonuses during monthly financial deficits. For example, … See more
Newchip's bankruptcy serves as a cautionary tale to founders
WEB6 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 …
They thought they were joining an accelerator - TechCrunch
WEBMay 2, 2024 · When the now-defunct Austin accelerator Newchip filed for bankruptcy, founders learned that warrants into their startups were being sold off.
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 …
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 …
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 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, leaving …
Newchip Reveal with Andrew Ryan Part I: Our Fight, Chapter 7 ...
WEBPublished May 12, 2023. + Follow. To our Startups, our Mentor, and Investor Communities, I deeply regret to inform you that our company Newchip Accelerator after 6+ years of …
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 …
Newchip CEO Andrew Ryan Accused of Sexual …
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 virtually all of its employees in...
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 …
This Austin accelerator made big claims; employees and …
WEBMay 19, 2023 · Newchip, an online accelerator promising to help startups, has filed for bankruptcy and is now facing insolvency amid employee and client discontent. Dozens …
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 …
TechCrunch Minute: Newchip, Techstars and what happens …
WEBMay 6, 2024 · Building a company that helps startups is similarly difficult. That’s the takeaway from TechCrunch reporting on Techstars and Newchip. In the case of …
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 …
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.
The Fall of Newchip: Founders Lose Out as Accelerator’s …
WEBDiscover the fallout of Newchip’s bankruptcy as founders are left stranded and dreams shattered. Learn about the promises, controversies, and mismanagement that led to …
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. …
U.S. Bankruptcy Court Records | PACER Case Search | UniCourt
WEBPublic access to federal court records in the United States Bankruptcy Courts. Lookup PACER cases for free, search case summary, find docket information, obtain court …
Creditor accuses Don Davis’ bankrupt dealership of fraud
WEBApr 11, 2018 · Gateway Buick GMC’s lot appears vacant, after a judge granted a creditor the right to seize assets and the Hazelwood dealership filed bankruptcy.
Newchip Accelerator - Crunchbase Company Profile & Funding
WEBNewchip Accelerator closed its last funding round on Mar 25, 2021 from a Series A round. Who are Newchip Accelerator 's competitors? Alternatives and possible competitors to …
Alphabet is clearly looking to buy, so who's selling, and why did …
WEB2 days ago · Newchip’s bankruptcy serves as a cautionary tale to founders. Theresa Loconsolo. 7:30 am PDT • May 15, 2024 22 Min. When Newchip, an online accelerator …
ICG, Inc. Bankruptcy (4:16-bk-40182), Missouri Eastern …
WEBAn Order has been entered in this case in accordance with Rule 1015(b) of the Federal Rules of Bankruptcy Procedure and Rule 1015 of the Local Rules of the Bankruptcy …
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