By all accounts, yes they are a SCAM.<p>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. They lure you in with "investors" but there aren't really any.<p>I say stay far away.
Just got this e-mail in my inbox. Just replaced my company name.<p>Subject: What's Beta's post-COVID plan?<p>Hey Tima,<p>Looked into Beta today--pretty cool what you're doing.<p>As a remote accelerator, we've had a spike in applications recently from startups forced to go remote because of the quarantine, and much of our investor network is still investing.<p>We’re interested in what you’re building, and since many companies are gearing up for the post-pandemic economy I thought Beta would be a good fit for our accelerator.<p>Just to give you a quick run down:<p>-We run several cohorts per year for startups in the Pre-Seed, Seed, & Series A stages, investing up to $250k into the top companies.
-We've helped companies raise over $150m+ in funding.
-We help companies with marketing, fundraising, growth-hacking, and even exit plans in our curriculum and 1-on-1 advising.
-Our program includes free resources like Foundersuite, AWS credits, Microsoft Azure, etc.
-We've always been a remote accelerator well before recent events--our entire program is designed around connecting founders with mentors and investors remotely.<p>If you’re interested, you can read more about the program and apply here: <a href="https://launch.newchip.com/apply-now" rel="nofollow">https://launch.newchip.com/apply-now</a><p>-Ryan<p>P.S. We’ve been working 24/7 reviewing investments for our cohort companies from our demo day, but feel free to message me if you have any questions (might take me a day or two to respond but I will!)