This Austin accelerator made big claims; employees and customers say it didn’t deliver

TechCrunch
By Christine HallMay 19, 2023, 2:02 pm159 pts
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 organization staged a walkout on May 4, demanding that founder Andrew Ryan step down as CEO. Ryan — who previously went by…

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