Newchip was a very "cookie cutter" experience, not a true accelerator. I'm pretty sure the graduation ceremony was pre-recorded and the "homework" was never checked. Lots of confusion around connections and their investor network was weak at best. I participated in 3 demo days and most investors contacted me through LinkedIn, so it's hard to know if they did anything proactive to encourage investment or actual introductions. Our company is definitely investable as proved by us raising $450k in one month on StartEngine, but not a dollar was from Newchip or an intro from NewChip. The best part of NewChip was getting to try Sofos.ai.
4 years ago
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