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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 accelerator scam: Here's what I recommend to other …
On paper, everything seemed great. Newchip had been active for more than 6 years, had tons of great press and said they had helped 5,000 early stage startups that graduated their program. Also, their business model was based on fees rather than equity, something that appealed to us. However, too many … See more
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We quickly realized that Newchip’s business model was also a deception. Apart from the $9K fee for the program, they wanted the option to be involved in our second round … See more
WebMay 19, 2023 · Newchip, an online accelerator promising to help startups, has filed for bankruptcy and is now facing insolvency amid employee and client discontent. Dozens of …
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
WebCustomer Reviews. 1/5. 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 …
- Founded: Mar 25, 2005
- Phone: 5123670045
- Location: 211 E 7th St, Austin, 78701, TX
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...
WebNewchip 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 …
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 …
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 …
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 …
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 …
Have you gone through NewChip? Any thoughts? : …
WebHi, I am considering taking my company through the NewChip accelerator for fundraising. It looks promising but their high pressure sales tactics are putting me off. That of course …
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.
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 …
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 …
They thought they were joining an accelerator - TechCrunch
WebMay 2, 2024 · This Austin accelerator made big claims; employees and customers say it didn’t deliver. Newchip, an online accelerator promising to help startups, has filed for …
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 …
Thoughts on Accelerators (Especially Newchip) - Indie Hackers
WebOct 25, 2019 · 1. Newchip has reached out and expressed interest in me/Lakebed joining their next accelerator cohort. karenslater. ·. 2 years ago. ·. 1. I went through the …
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 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 …
Accelerator - Newchip : r/Entrepreneur - Reddit
WebFree_space_16. Accelerator - Newchip. Question? Does anyone have much experience or know much about Newchip Accelerator? I’ve been offered a place on their course - …
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’s bankruptcy serves as a cautionary tale to founders
Web2 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 …
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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