TechCrunch Minute: Newchip, Techstars, and what happens when startup accelerators fail
https://techcrunch.com/2024/05/06/techcrunch-minute-newchip-techstars-and-what-happens-when-startup-accelerators-fail/
Building a startup is hard. Building a company that helps startup is similarly difficult. That’s the takeaway from TechCrunch reporting on Techstars and Newchip.
In the case of Newchip, the accelerator appeared to promise a bit more than it could deliver. Mix in a culture that appeared to be turbulent at best, and you have a situation in which an accelerator is in bankruptcy and startups are closing over the potential sale of share warrants. It’s a mess.
TechCrunch Minute: Newchip, Techstars, and what happens when startup accelerators fail
May 6, 2024, 5:29pm UTC
https://techcrunch.com/2024/05/06/techcrunch-minute-newchip-techstars-and-what-happens-when-startup-accelerators-fail/
> Building a startup is hard. Building a company that helps startup is similarly difficult. That’s the takeaway from TechCrunch reporting on Techstars and Newchip.
> In the case of Newchip, the accelerator appeared to promise a bit more than it could deliver. Mix in a culture that appeared to be turbulent at best, and you have a situation in which an accelerator is in bankruptcy and startups are closing over the potential sale of share warrants. It’s a mess.