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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
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 · Newchip is not the only deceitful accelerator out there. Many programs don’t make any sense. As an early stage founder you should be extra cautious, read reviews, talk to people personally, and …
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 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
Web4 days ago · 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 …
WebMay 17, 2023 · In August 2022 I was approached by a sales manager from Newchip - an accelerator program claiming to have helped over 5000 startups globally. The sales guy …
WebNewchip. Newchip has a rating of 4.45 stars from 58 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Newchip most …
WebMay 25, 2023 · Questionable Marketing Claims. Newchip cited $2.25B in funding for graduates but few founders credited Newchip for their success. Success metrics seemed generic and misleading. Most founders ...
WebStatus: Unanswered. I'm a ***********-based, solo start-up founder; bootstrapped since 2015. December 2022:Accepted on Newchip's program, paid USD7,500 fees from …
WebMay 2, 2024 · When the now-defunct Austin accelerator Newchip filed for bankruptcy, founders learned that warrants into their startups were being sold off.
Accelerator review: Newchip - an equity-free option for startup ...
WebJun 23, 2022 · Kathleen O'Donnell. Freelance Writer. Are you a Pre-Seed - Series A stage founder looking for an equity-free accelerator program? After positive experiences from …
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 …
Newchip Collapse: A Cautionary Tale About Startup Accelerator
WebJun 15, 2023 · Is Newchip a scam? And even more in Reddit: Newschip review. Source. As an entrepreneur, I'm relieved that the truth about Newchip has been laid bare.
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 …
The Newchip Accelerator: What I learned about the program from …
WebDec 2, 2021 · However, because Newchip is very new (founded in 2019), finding information on the program was a little tougher than for some of the big name accelerators out there. …
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 …
The Newchip Accelerator: What I learned about the program from …
WebJuly 2, 2022 by Jackson. 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, …
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 …
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 …
Is Newchip Accelerator Legit? - According to Kyle Croyle
WebNewchip Accelerator has a 4.6 average rating from 230 reviews. NewChip has been a phenomenal experience. The tools have been invaluable, the people are always there to …
Accelerator - Newchip : r/Entrepreneur - Reddit
WebQuestion? Does anyone have much experience or know much about Newchip Accelerator? I’ve been offered a place on their course - there’s a few but I’ll make that …
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 …
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 …
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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