Science & Technology

Newchip, Techstars, and what happens when startup accelerators fail | TechCrunch Minute

Published

2 months ago

May 6, 2024

What happens to the startups in an accelerator when it stops accelerating? TechCrunch has reported on two accelerators that have failed to live up to their promise due to leadership mishaps, financial mistakes, and internal drama. Newschip, the Austin-based accelerator filed for bankruptcy, leaving its cohort of startups vulnerable to the whims of the court to decide who will sit on their cap table. And while Techstars is still running, leadership changes have created an internal nightmare. In both cases, the startups are the ones taking the ones left holding the bag.

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Related Topics:accelerator featured funding newchip startups tech techcrunch technews technology TechStars

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2 Comments

@Car_Fanatic

May 6, 2024 at 11:46 am

Eh thats their fault for hosting companies they didnt vet properly. Too many accelartors and angel ivmestors are throwing money at bad companies just because they have buzz stuff like AI etc

Reply
@cOexistRN

May 6, 2024 at 10:02 pm

I’m curious if the #nextrevolution in #interactiveentertainment should be a new #startup corporation or an old one?

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