Newchip 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 47th among Entrepreneurship sites.
Their accelerator programs are very informative and I would recommend them even to the veteran CEOs out there. The sessions let you mingle with other founders so there's an abundance of best practices shared. The best part is that they helped us raise capital for our digital marketing start-up without taking equity. So our business remains entirely our own. Happy to report that we are now equipped to help smaller businesses grow faster too.
Newchip appears to be a scam: 1. Either all or most of the companies in the group I was part of were unhappy with them. 2. They have extensive requirements before they will make any introductions. 3. I had issues getting through some of those requirements because they were unavailable. 4. They market a money back guarantee but there are all sorts of fine print that are not there at all in their marketing. 5. They didn't come through with their promises to me. 6. We got zero value out of it
I'm attaching correspondence he gave to the AG. As you'll see his verbiage is very different. I was never removed, I requested to leave. Please see all attached images.
Be sure to check out the multi-year long review at:
https://hucksters.net/brand/newchip-accelerator
Be very careful, there would be far more negative reviews online if Andrew didn't immediately threaten litigation.
See attachment #2
While they did provide a refund, it is scary how they attempt to silence so many.
Thanks.
They will sell you this Cohort family vibe but that ends the second you join the class. They're late to meetings, they don't respond to emails, they don't fulfill their end. But missing one meeting will be the end of your time and they can terminate you without refund.
Tip for consumers:
Do not.
Products used:
None
It was obvious that they were just in the business solely for the money and not about helping businesses strive like what they market. Don't believe their lies if you don't want to lose your hard-earned money. There were a lot of other ones who could actually help you without breaking the bank. Learn from my mistake.
It's really difficult to stay motivated to work when the management never recognizes your efforts and hard work. Your extra efforts will often go unnoticed, which also means that additional compensation is an impossibility. The managers should sometimes recognize and appreciate their employees. I'm sure that this can help improve the low morale in the workplace.
I really appreciate their professional advice and solid backing. My company will not be where it is now if I hadn't joined their program. It sure was worth my time. And meeting people who shared the same passion for entrepreneurship was truly enriching for me.
Newchip is known for its extensive experience and exceptional expertise in facilitating connections between startups and investors. The knowledge and insights we have gained from our association with this organization have been truly priceless. This program has equipped us with all the essential tools and strategies necessary to enhance our competitiveness and appeal to potential investors.
Learned so much more in their 6-month program than I ever learned in my many years at business school. Their real world applications were remarkable. It was amazing to experience building my company from ground up then selling it afterwards. I wouldn't have been able to reach this point of success if not for the wonderful coaches at Newchip. My what's, why's, how's, and when's – they really took the time to answer them all!
It is hard to ignore their history of delivering results to startups. They have a proven track record and this convinced us to join their accelerator program. The information they provided us is very useful. Their teams are great and helped us move forward as a company.
Newchip offers a Series A accelerator program that has totally changed the way I do business. Without this program, I would never gain access to such valuable resources and networks. They're highly experienced, especially in the technology sector, so they easily showed me the path to success for my HealthTech startup.
We decided to work with Newchip after learning about their accelerator from fellow startups. After running the business for over three years without any help, it is a refreshing experience to know that there are capable people who are willing to help. Newchip was there to help us create a compelling story and made it possible for us to reach more investors.
The most important thing that I've learned is that every business starts with a 'why.' With the help of my mentors, I managed to come up with a powerful 'why' for my business and attract investors. I can't thank them enough for the training, knowledge, skills and network I acquired by the end of the program. And I continue reaping the benefits…
We experienced valuable mentoring from working with Newchip, they helped us become clear on our company's mission. They have great access to investors and funds which is proving to be very beneficial in our fundraising efforts. The Newchip team was amazing throughout the process as well, they were super supportive and quick to respond to any questions we had.
I would highly recommend Newchip if you're looking for a comprehensive and supportive platform to help fund your startup. With their focus on providing a personalized experience and user-friendly tools, they are an excellent choice for anyone looking to take their startup to the next level.
It's a great accelerator to prepare you for new challenges and opportunities. Awesome tools to facilitate learning and network-building. Mentors are knowledgeable, attentive to detail and experienced.
Thanks to the invaluable support and unwavering confidence we received from Newchip, we successfully navigated through our second round of investment meetings. From the very beginning, Newchip has been an indispensable partner in our entrepreneurial journey. Their expertise in guiding and preparing us for investor interactions has been instrumental in our growth and success.
The management sets very high standards for the employees, but it's unable to apply the same standards to itself. The managers want employees to collaborate well and treat each other with respect, but they are the ones who are rude to the employees and show no respect. Many of them are perfectionists who strictly expect perfect output from the employees. But they are unable to teach us and provide adequate training to be able to do our tasks better.
Newchip opened our eyes to the wonderful world of cryptocurrency, and we're so excited to be launching what is probably the world's first ever art tech startup with their support.
I like that even though we were on a different time zone we were still able to make the most out of their programs.
Because of Newchip's mediation, we were able to align better with investors.
Newchip delivers what they said they would and that, for us, is the most important thing.
I recently had the pleasure of working with Newchip to help me kickstart my startup. From the moment I reached out, I was impressed with their responsiveness and attention to detail. The team was incredibly knowledgeable about the fundraising process and helped guide me through every step, from perfecting my pitch deck to connecting me with potential investors.
The program is user-friendly and intuitive, which made it easy for me to navigate and find the information I needed. The investment opportunities available through Newchip are diverse and cater to a wide range of interests, which was a huge plus for me.
Newchip opened new opportunities for us to move forward in terms of funding and looking for additional investors. They helped us craft a better strategy and get a better perspective of how successful businesses work.
Newchip gave me the confidence and encouragement I needed to start my own business. Application process was smooth and pleasant. All my doubts were eradicated. Passionate team who supported me all the way. Best of all, they connected me to investors thus enabling me to scale my business.
They helped me take my first steps in the digital marketing industry and raise over $2M for my startup. Newchip's accelerator was well-structured, highly informative and very useful. It helped me understand investors' needs in the market and build reliable relationships with my business partners.
They saved me from the trouble of making costly mistakes for my young company. I have learned a lot in my short time here and looking forward to making bigger progress with their help.
Well worth the investment, Newchip's mentors and advisors helped us build an effective pitch. The introductions they facilitated have also turned out to be extremely valuable.
Working with Newchip is one of the best decisions we made as a new business. Their expertise as an accelerator gave us all the information and help we needed to be more competitive.
Do not trust their six months program. It's terrible. These people LIE BLATANTLY ABOUT WHAT THEY CAN DO FOR YOU and what you can expect from the program. I feel horrible that I WASTED SIX MONTHS OF MY PRECIOUS TIME trusting these evil people. I didn't get the desired results, and when I asked them about it, they became rude and disrespectful towards my team and me. PLEASE AVOID! BEWARE!
Hi Stewart - Thanks so much for your feedback and we're sorry to hear that we weren't able to meet your needs. Each piece of feedback that we receive is valuable, whether critical or complementary and helps us create a better product and experience for our founders. We'd really like to learn more about your experience and see what we can do to make it right. If you're open to it, please email help@newchip.com and a member of our team will reach out. Here’s also a link to our Success Stories https://youtube.com/playlist?list=PLpkCU23dhnNj9u-hE1ObF5qd-J1ZCrQyW
Sincerely,
The Newchip Team
Hi Laurrianne,
We couldn't find a startup founder under your name in our system and you didn't return our message through the internal SiteJabber messenger so there's not much we can do here except respond:
All other founders, the reality is that successful CEO's are too busy building to write reviews and when 99% of startups fail; someones going to always fail and blame the accelerator at this scale over multiple years.
We do our best to support every founder's success but sometimes founders come in and fail in the first few weeks of the program even or expect us to be a magic instant pill to turnaround poor decisions prior to joining overnight - we put in a lot of work and we’re going to support you, but you’re the CEO at end of day.
Rather than some random stuff on the internet that anyone can write. Here’s some actually great successful startup CEO's we’ve supported and invested in over last year: https://vimeo.com/showcase/8819086