The Rise and Fall of Newchip Accelerator

One of the biggest startup accelerators is being liquidated. Was it a scam or just another failed startup?

DC Palter
Entrepreneurship Handbook
13 min readMay 13, 2023

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Photo by Melinda Gimpel on Unsplash

Y-Combinator is without a doubt the best known startup accelerator. Newchip, based in Austin TX, rivaled it as one of the largest, with a radically different business model.

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Entrepreneur, angel investor, startup mentor, sake snob. Author of the Silicon Valley mystery To Kill a Unicorn: https://amzn.to/3sD2SGH