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TechCrunch Minute: Newchip, Techstars and what happens when startup accelerators fail
Startup accelerators can’t escape the venture downturn. Two prime examples are Techstars and Newchip which have both experienced internal turmoil, leadership mishandlings, and financial troubles. But what about the startups in their current cohorts?
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. Whenever a market turns from ebullience to a more conservative stance, it disrupts its constituent businesses large and small. That said, with Newchip in liquidation and Techstars pushing ahead with its revamp, we are likely closer to the end of the accelerator shakeup than its beginning.
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