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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 …
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 services, specifically the investor intros. In an interview with TechCrunch, … See more
Former Newchip employees told TechCrunch that the company “rarely issued refunds.” They also claimed that the company paid … 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 · Funding. Strategy. I almost joined the Newchip accelerator right before it collapsed. 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 …
NewChip Accelerator | Better Business Bureau® Profile
Web1/5. Average of 2 Customer Reviews. Read Reviews Start a Review. Customer Complaints. 3 complaints closed in last 3 years. 1 complaints closed in last 12 months. Read …
- Founded: Mar 25, 2005
- Phone: 5123670045
- Location: 211 E 7th St, Austin, 78701, TX
Has Anyone Here Done The Newchip Accelerator? Honest …
WebBut, be aware because they might have a "shame" bias, if they spent money and they don't think it's worth it, they would be shameful to admit that they spent money on that. We …
- Reviews: 13
Newchip Accelerator Reviews - Read 230 Genuine Customer …
WebNewchip Accelerator has collected 230 reviews with an average score of 4.64. There are 222 customers that Newchip Accelerator, rating them as excellent.
- 5/5(230)
- Location: 211, East 7th Street, Austin, 78701
The Rise and Fall of Unethical Accelerators: The …
WebMay 25, 2023 · Former employees said program became "sales focused", "trending to become a full scam" Questionable Marketing Claims. Newchip cited $2.25B in funding for graduates but few founders credited...
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 …
Newchip Reviews - 58 Reviews of Newchip.com | Sitejabber
WebNewchip appears to be a scam: 1. Either all or most of the companies in the group I was part of were unhappy with them. 2. They have extensive requirements before they will …
Newchip Collapse: A Cautionary Tale About Startup …
WebJun 15, 2023 · Some even went as far as to brand it a scam, a chilling reminder that all that glitters isn't gold in the world of accelerators. BTW: I remember 3-4 years ago one of the crypto fintech startups in my network …
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 …
Newchip accelerator goes bankrupt - this is how they tried
WebMay 17, 2023 · Noora Kuisma. Founder @ Aida App | AI enthusiast | Do more with AI assistants 🫶🏻. Published May 17, 2023. + Follow. In August 2022 I was approached by a …
Have you gone through NewChip? Any thoughts? : …
WebI 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 …
Thoughts on Newchip : r/smallbusiness - Reddit
Web1. [deleted] • 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 …
The Newchip Accelerator: What I learned about the program from …
WebDec 2, 2021 · I also saw a couple founders on forums who said they had a meh experience with their mentors who were assigned to them. Finally, a decent number of the negative …
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 …
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 …
Thoughts on Accelerators (Especially Newchip) - Indie Hackers
WebOct 25, 2019 · Thoughts on Accelerators (Especially Newchip) A marketing person from Newchip has reached out and expressed interest in me/Lakebed joining their next …
The Rise and Fall of Newchip Accelerator - Must Read - LinkedIn
WebWas it a scam or just another failed startup? DC Palter wrote an excellent article on NewChip. If this topic interests you, please read DC here -...
Ex employee of Newchip Accelerator : r/VenturedCapital - Reddit
WebScam Founder - Andrew Ryan Rafols (Newchip) I was an investor in a company called Astralabs founded by a guy named Andrew Ryan Rafols. The company went bankrupt, …
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 …
Newchip CEO Andrew Ryan Accused of Sexual Harassment, …
WebJun 12, 2023 · Emily Shugerman. Senior Reporter. Updated Jun. 13, 2023 1:10PM EDT / Published Jun. 12, 2023 4:03AM EDT. I n late 2019, a seasoned startup investor took a …
What’s next in chips | MIT Technology Review
Web6 days ago · MIT Technology Review ’s What’s Next series looks across industries, trends, and technologies to give you a first look at the future. You can read the rest of them here. …
OpenAI and Google lay out their competing AI visions
Web1 day ago · Welcome back to TechCrunch’s Week in Review. This week had two major events from OpenAI and Google. OpenAI’s spring update event saw the reveal of its new …
Accelerator - Newchip : r/Entrepreneur - Reddit
WebA community of individuals who seek to solve problems, network professionally, collaborate on projects, and make the world a better place. Be professional, humble, and open to …
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