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Once a promising online accelerator, Newchip has filed for Chapter 7 bankruptcy following Chapter 11 filings earlier this year.
- Bankruptcy and Insolvency: The company reported assets of $1.7 mill\ion against liabilities of $4.8 million. ...
- Employee Unrest and Mismanagement: Discontent among employees and clients escalated over time, leading to a significant walkout demanding the resignation of founder and CEO, Andrew Ryan. ...
ncfacanada.org/newchip-online-accelerator-hits-a-dead-end-files-for-chapter-7/- People also ask
This Austin accelerator made big claims; employees and …
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