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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 …
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, … See more
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Newchip accelerator scam: Here's what I recommend …
WebMay 19, 2023 · 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 collapse of Newchip, one of the world’s biggest accelerators, was a shock to the …
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. This is my experience.
- Reviews: 13
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 Accelerator | Better Business Bureau® Profile
WebThis organization is not BBB accredited. Education in Austin, TX. See BBB rating, reviews, complaints, & more.
- Founded: Mar 25, 2005
Have you gone through NewChip? Any thoughts? : …
WebSearch Comments. [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 out to practically every new startup …
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. Service 45. …
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 · 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 based, what it will cost you and a few other things to consider.
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 …
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 read seem to say you don’t get your money’s worth. And traditional accelerators don’t charge a fee. 2. Reply. [deleted] • 2 yr. ago • Edited 2 yr. ago. Hello Eduard,
The Rise and Fall of Unethical Accelerators: The Newchip Case
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...
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 could be split into smaller...
They thought they were joining an accelerator - TechCrunch
WebMay 2, 2024 · Newchip started out as an aggregator of top deals from “various equity-based crowdfunding platforms,” according to Silicon Hills News, and later evolved into an accelerator that promised to...
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 always there to help with considerable expertise, and the cirriculum has been eye-opening. Highly regard this experience and recommend it for any entrepreneur.
Newchip Collapse: A Cautionary Tale About Startup Accelerator
WebJun 15, 2023 · Source. As an entrepreneur, I'm relieved that the truth about Newchip has been laid bare. It's a wake-up call for us startups to be more discerning when picking our accelerators. We shouldn't be blinded by flashy promises and jaw-dropping price tags. We should demand transparency, accountability, and real value.
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...
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 from TechCrunch...
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 accountability.
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 the venture world’s version of Trump University, providing nothing but a generic canned curriculum while charging naïve founders a huge sum so the founder could live a lavish …
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 this topic...
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. So they are after people who are desperate to raise money.
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 million in assets and $4.8 million...
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