Newchip

It is an eye-opener for us. Working with Newchip opened so many possibilities and their experience with countless startups in the past was a wealth of knowledge for us.

After months of struggling to find the right investors, the accelerator program gave us a fresh start. The amount of information they provided was comprehensive.

I've never worked anywhere that pushed me like the team does here. 5 years+ experience crammed into one year. They say it in the interview but you don't realize it till you see how much you've grown in a single year. I thought I knew startups and VC, but I've worked with more companies in my time here than 5 years prior. If you want to get paid go somewhere else, if you want the experience to get and earn six figure plus comp, come here and grind it out. I don't have an MBA but I know more than several new MBA's on our team simply from doing the accelerator with my startups. Its amazing to see startups go from an idea to acquired in little under a year. Thats our mission and I'm proud to be a part of it. It is a hire fast for culture and aptitude, and fire fast if you aren't producing performance culture. Once you get it though and are a fit, they will make sure you are taken care of and if not a fit on one team, move you somewhere else in the company to help you succeed. I work with the very best and I'm also proud to be challenged myself to keep growing every day to get better. The CEO told us day one "you are either become a shark in one year, able to get a company funded, acquired and on whole foods shelves, or factories, or whatever they need, or you are going to flunk out because you don't have what it takes month 2".

We've experienced such a high return that I wouldn't think twice about partnering with Newchip again. I wish we would have used them years ago, it would have saved us a lot of headaches.

Their expansive network helped us widen the distribution of our HealthTech solutions. It's a highly competitive industry, but Newchip enabled us to gain a big chunk of the market.

Steady progress with the help of the teams at Newchip. Their accelerator program gave us valuable insight into how we can grow our business.

We were cold called by this company several times for their accelerator program. After telling them (and documenting it) that it did not sound like a good fit for a later stage company and/or for more experienced entrepreneurs they insisted that we would not need to participate in their accelerator programs and could just leverage their IR component to potentially save us time with investor outreach. They represented that they would provide full transparency and collaborate to compliment our own fundraising process.

The truth was unfortunately not consistent with their sales pitch. They waited months to get us to their IR group (because they were not set up to just send a company through as promised) but unfortunately when we got there they neither provided introductions other than to other accelerators and refused to provide any visibility to who they were potentially reaching out to (if they were reaching out at all) that would have potentially been value added to compliment our own process but the veil of secrecy actually increased risks with our own process by potentially duplicating efforts and not retaining rev control which is absolutely critical in any process.

Despite requesting refunds and asking if they can at least do anything of value, they instead only throw us into their "customer service" email cue to engage in new threads with people who do not have any of the history or a script for how to deal with a company and process that is outside of their cookie cutter offering.

I have worked with countless VCs, accelerators and other infuencers and taken companies public, sold others and run our own incubator. If you are a new entrepreneur who has no experience this program may be of value. I don't know as we did not sign up for it or participate in any way. That said, if you are not interested in the cookie cutter program they offer do not be deceived into false promises that they can tailor anything different for you. As soon as they have your money, they will substantially end communications. I'm of the mindset that the world is way too small to try to take companies and influencers for $12K or so in cash and a lot more of time wasted opportunity cost. My guess is they have a sales incentive of some sort for their cold callers to do whatever it takes to get someone to participate in any way and then I suppose it is just a business judgment call on their side to hope no one bothers to report out on any no value added experiences. In 30 years of start ups this is the first time I've felt compelled to do so.