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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
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 founders who completed the program, or who decided not to participate in the program. …
- Reviews: 13
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This Austin accelerator made big claims; employees and …
See more on techcrunch.comIt 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 TechCrunc…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 …
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 Newchip Accelerator, rating them as excellent.
- 5/5(230)
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 frequently mention accelerator program. Newchip ranks 3rd among Entrepreneurship sites.
- 5/5(58)
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 every new startup with what seems to be an automated pitch.
NewChip Accelerator | Better Business Bureau® Profile
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 dwindling savings, only to be...
The Newchip Accelerator: What I learned about the program from …
WEBDec 2, 2021 · Unlike many other accelerators, Newchip’s program doesn’t take equity up-front. However, while they sell themselves as “equity free,” they do have an equity option. There are two parts of “payment” to consider with Newchip. 1) the cash portion and 2) the optional warrant.
Accelerator review: Newchip - an equity-free option for startup ...
WEBJun 23, 2022 · Newchip Accelerator is a startup accelerator focused on founders who want to raise funding for their businesses. Like all startup accelerators, it has four main components: it’s a fixed-term, cohort-based, mentorship-focused program that culminates with a demo day.
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 approval, most founders took ~3 months to get everything together …
The Rise and Fall of Unethical Accelerators: The …
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 ...
Thoughts on Newchip : r/smallbusiness - Reddit
WEBNewchip is a scam— as someone who has been getting screwed by them, I can share a little bit here.
Newchip Collapse: A Cautionary Tale About Startup Accelerator
WEBJun 15, 2023 · The harsh truth is that Newchip, despite boasting of helping its graduates bag $2.25B in funding, left many founders feeling short-changed. Some even went as far as to brand it a scam, a chilling reminder that all that glitters isn't gold in …
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 help with considerable expertise, and the cirriculum has been eye-opening. Highly regard this experience and recommend it for any entrepreneur.
They thought they were joining an accelerator - TechCrunch
WEBMay 2, 2024 · When the now-defunct Austin accelerator Newchip filed for bankruptcy, founders learned that warrants into their startups were being sold off.
REVIEWS: Newchip Accelerator - Hucksters
WEBMany of us former Newchip employees believe we couldn’t get the company registered as an investment broker because of Ryan’s shady past. In fact, if there is an official government audit into Newchip’s finances, the whole house of cards will collapse and Ryan will most likely go to jail.
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 others — the accelerator's finances...
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 up in various credits pretty quickly.
Thoughts on Accelerators (Especially Newchip) - Indie Hackers
WEBOct 25, 2019 · I talked to Newchip about it as they had experience in crowdfunding and were experts there and they advised that most of the Reg A’s were spending hundreds of thousands in marketing and were doing really poorly in the market.
The Rise and Fall of Newchip Accelerator | by DC Palter ...
WEBMay 13, 2023 · Newchip rivaled Y-Combinator as one of the largest startup accelerators. But on May 11, it was ordered shut down by a bankruptcy judge amidst recriminations by the founder and ex-employees.
Newchip’s bankruptcy serves as a cautionary tale to founders
WEB5 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 million in assets and $4.8 million in...
The Rise and Fall of Newchip Accelerator - Must Read - LinkedIn
WEBOne 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.
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 about raising a round, not about building a business or something people love.
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