5min chapter

Equity cover image

Newchip's bankruptcy is a cautionary tale for founders

Equity

CHAPTER

Analysis of Downfall Caused by Harsh Leadership and Incompetence in Accelerator Program

This chapter delves into the internal struggles faced by a company in an accelerator program, attributing its downfall to harsh leadership styles and high turnover rates. It underscores the significance of competent leadership and advises founders to carefully review agreements, particularly regarding equity, to steer clear of pitfalls.

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