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SELF • 1y
❗️Bankruptcy of Austin-based accelerator Newchip leaves founders in distress as court orders auction of warrants in over 1,000 startups. Founders like Lacey Hunter of TechAid and Garrett Temple of Novogiene forced to shut down companies as warrants make future funding difficult. Despite hefty fees, founders claim little value from Newchip. Court aims to sell warrants to settle $4.8-million debt, undermining startups' valuations. First tranche of 28 warrants sold for just $58,000, with over 1,400 more to be auctioned. Cautionary tale about giving up equity stakes or warrants to accelerators. Do thorough due diligence and prioritize retaining control over your startup’s cap table. Accelerator bankruptcies can have devastating ripple effects on supported companies.
Unfiltered and real ... • 10m
Chennai Man Booked Speed Post For ₹29.50 He Handed Over ₹30 and Was Expecting ₹0.50 Govt Employee Denied Giving Change or UPI Old Man Filed a Lawsuit with Consumer Court Now He is Awarded Refund of ₹0.50 Paise and Compensation of ₹15,000 For Hara
See More📍100x Startups | Pu... • 14d
🌍 Calling all young founders & builders from Latin America & Africa! START Global have been empowering entrepreneurs worldwide through their START Fellowship for the past 5 years 🚀. They’ve already helped numerous founders from low and middle-inc
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We Founder Circle • 4m
🚀 EvolveX Accelerator Cohort 7 is Now Open! Each cohort is a reminder of why we do this — working closely with purpose driven founders, sharing hard-earned lessons, and unlocking real growth. If you're building something early but ambitious, this
See MoreHey I am on Medial • 1y
For all the founders- GSF is one of the most respected funds/accelerator in India with their demo day recording 500+ investors. I think you all should apply if you are starting up. I genuinely like Rajesh Swahney and this isn’t a promotion. Check his
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