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- March 17thNewchip 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 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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