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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 … See more
Though the employee group has more recently gone public with their grievances, they make claims of mismanagement going back years, … See more
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Newchip accelerator scam: Here's what I recommend …
WebMay 19, 2023 · 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
Web(512) 367-0045. Customer Reviews. 1/5. Average of 2 Customer Reviews. Read Reviews Start a Review. Customer Complaints. 3 complaints closed in last 3 years. 0 complaints …
- Founded: Mar 25, 2005
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
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...
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 …
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 …
Newchip accelerator goes bankrupt - this is how they tried
WebPublished May 17, 2023. + Follow. In August 2022 I was approached by a sales manager from Newchip - an accelerator program claiming to have helped over 5000 startups …
The Rise and Fall Of Newchip Accelerator
WebApr 19, 2024 · There was frequent employee talk about Ryan being a con artist, and Newchip being a scam. Many non sales employees started looking for other positions. …
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 …
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 …
TechCrunch Minute: Newchip, Techstars and what happens …
WebMay 6, 2024 · Alex Wilhelm. 9:00 AM PDT • May 6, 2024. Comment. Image Credits: TechCrunch. Building a startup is hard. Building a company that helps startups is …
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 · The outreach was a little vague, but after reviewing the Venture Analyst’s connection with Newchip and looking at Newchip’s website, I was interested. The …
The Newchip Accelerator: What I learned about the program from …
WebJul 2, 2022 · The Newchip Accelerator: What I learned about the program from six months as a participant This is a follow-up to a blog that I wrote at the end of 2021, three weeks …
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 …
Have you gone through NewChip? Any thoughts? : …
Web[deleted] • 2 yr. ago. 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 …
Accelerator review: Newchip - an equity-free option for startup ...
WebJun 23, 2022 · Are you a Pre-Seed - Series A stage founder looking for an equity-free accelerator program? After positive experiences from a few Propel members, we can …
The Rise and Fall of Newchip Accelerator | by DC Palter ...
WebMay 13, 2023 · Was it a scam or just another failed startup? DC Palter. ·. Follow. Published in. Entrepreneurship Handbook. ·. 13 min read. ·. May 13, 2023. 24. Photo by Melinda …
They thought they were joining an accelerator - TechCrunch
Web10:38 AM PDT • May 2, 2024. Comment. Image Credits: Bryce Durbin / TechCrunch. Lacey Hunter thought all was well as she put her startup through the three-month Newchip …
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 -...
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 …
Thoughts on Accelerators (Especially Newchip) - Indie Hackers
WebOct 25, 2019 · A marketing person from Newchip has reached out and expressed interest in me/Lakebed joining their next accelerator cohort. They don't have any pricing on their …
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