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- Newchip, an online accelerator promising to help startups, has filed for bankruptcy and is now facing insolvency amid employee and client discontent. Dozens of employees of the troubled organization staged a walkout on May 4, demanding that founder Andrew Ryan step down as CEO.
techcrunch.com/2023/05/19/this-austin-accelerator-made-big-claims-employee… - People also ask
This Austin accelerator made big claims; employees and …
Newchip, an online accelerator promising to help startups, has filed for bankruptcy and is now facing insolvency amid employee and client discontent. Dozens of employees of the troubled... See more
It isn’t just employees who say they were burned by Newchip. Andrew Goei, founder of PitchPages, a pitch deck and fundraising software startup, said he wanted a refund a few months into the program after he felt he was not getting the promised … See more
Though the employee group has more recently gone public with their grievances, they make claims of mismanagement going back years, including the clawback of sales commissions … See more
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Newchip accelerator scam: Here's what I recommend …
WEBMay 19, 2023 · Was it a scam? Here’s what I recommend to other founders. By Bjorn Erik Hansen on May 19, 2023 - 12:12 pm. The recent collapse of Newchip, one of the world’s biggest accelerators, was a shock to the …
Has Anyone Here Done The Newchip Accelerator? Honest …
WEBWe completed the interviews and were offered a spot in the next cohort of the Newchip accelerator. Really curious to hear honest feedback (good and bad) from other startup …
- Reviews: 13
Newchip Accelerator Reviews - Read 230 Genuine Customer …
WEBNewchip Accelerator is rated 4.6 based on 230 reviews. Newchip Accelerator has collected 230 reviews with an average score of 4.64. There are 222 customers that …
- 5/5(230)
- Location: 211, East 7th Street, Austin, 78701
NewChip Accelerator | Better Business Bureau® Profile
WEBThis organization is not BBB accredited. Education in Austin, TX. See BBB rating, reviews, complaints, & more.
- Founded: Mar 25, 2005
- Phone: (512) 367-0045
- Location: 211 E 7th St, Austin, 78701, TX
Newchip Reviews - 58 Reviews of Newchip.com | Sitejabber
WEBNewchip has a rating of 4.5 stars from 58 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Newchip most …
The Rise and Fall of Unethical Accelerators: The …
WEBMay 25, 2023 · Success metrics seemed generic and misleading. Most founders called the program a "waste of money" or a "scam". Newchip's Collapse. In March 2023, Newchip filed for bankruptcy protection. In...
The Newchip Accelerator: What I learned about the program from …
WEBDecember 2, 2021 by Jackson. The Newchip Accelerator: What I learned about the program from my first three weeks. As a founder thinking about raising funds in the near …
Accelerator review: Newchip - an equity-free option for startup ...
WEBJun 23, 2022 · After positive experiences from a few Propel members, we can say that Newchip may be what you're looking for. In this review find out where the program is …
The Newchip Accelerator: What I learned about the program from …
WEBJul 2, 2022 · Getting approval to be part of Newchip’s IR Program was the main goal for many founders entering the accelerator. With the requirements to receive program …
Have you gone through NewChip? Any thoughts? : …
WEB•. I think the general consensus around here if I remember other time people brought up NewChip was, if you have to pay, it’s essentially a scam. They reach out to practically …
Austin startup accelerator Newchip collapses - Austin Business …
WEBMay 12, 2023 · Despite its history of connecting entrepreneurs with startup capital — Newchip's website boasts that it works with investors at Elevate Capital, DreamIt and …
Is Newchip Accelerator Legit? - According to Kyle Croyle
WEB3 years ago. Newchip Accelerator has a 4.6 average rating from 230 reviews. NewChip has been a phenomenal experience. The tools have been invaluable, the people are …
Newchip accelerator goes bankrupt - this is how they tried
WEBMay 17, 2023 · Yes - they promised a full refund also in case we wouldn't get funding via their investor pool. It would "only" cost some $7K for a pre-seed company and the fee …
Thoughts on Newchip : r/smallbusiness - Reddit
WEB• 2 yr. ago. Search around. Sounds like everyone is accepted as long as you pay their “tuition” and most get “scholarships.” I’m not saying it’s a scam, but most reviews I’ve …
They thought they were joining an accelerator - TechCrunch
WEBMay 2, 2024 · Newchip started out as an aggregator of top deals from “various equity-based crowdfunding platforms,” according to Silicon Hills News, and later evolved into …
Newchip Collapse: A Cautionary Tale About Startup Accelerator
WEBJun 15, 2023 · Source. As an entrepreneur, I'm relieved that the truth about Newchip has been laid bare. It's a wake-up call for us startups to be more discerning when picking our …
TechCrunch Minute: Newchip, Techstars and what happens …
WEB9:00 AM PDT • May 6, 2024. Comment. Image Credits: TechCrunch. Building a startup is hard. Building a company that helps startups is similarly difficult. That’s the takeaway …
The Rise and Fall of Newchip Accelerator | by DC Palter ...
WEBMay 13, 2023 · Was Newchip a legitimate accelerator providing valuable services to young startups destroyed in an attempted coup by vengeful former employees? Or was …
Thoughts on Accelerators (Especially Newchip) - Indie Hackers
WEBOct 25, 2019 · I have an opinion and it is not kind. The paid mentor model is parasitic in my view. Like Vistage @$2,500 per month to have a facilitator network and manage peer …
Newchip’s bankruptcy serves as a cautionary tale to founders
WEBMay 22, 2024 · When Newchip, an online accelerator promising to help startups, filed for Chapter 11 bankruptcy in March 2023, it was revealed that the company had just $1.7 …
The Rise and Fall of Newchip Accelerator - Must Read - LinkedIn
WEBPublished May 14, 2023. One of the biggest startup accelerators is being liquidated. Was it a scam or just another failed startup? DC Palter wrote an excellent article on NewChip. If …
Is this startup accelerator a scam? | Hacker News
WEBBy all accounts, yes they are a SCAM. They may have good intentions, not sure. I talked to them, then talked to a "graduate" I happened to know. They will teach you basic stuff …
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