If there is anything that perfectly personifies the American dream, it’s the entrepreneur. Our history books are filled with stories of immigrants flocking to Ellis Island with plans of making a better life for themselves and their families. Those pioneers were pursuing the American dream with the firm belief that they could dream big and bear the fruits of their labor.
That dream still exists in America today, as new business statistics from 2022 show that over 1.26 million new business applications were filed in the year’s first three months. While this marks a 7.3 percent annual decrease, it is still 50 percent higher than it was two years ago. According to another study by NASDAQ, the US’s small business economy is only expected to continue climbing in 2022.
There is no question that the startup scene in the US is as ripe with opportunities as it is challenges to navigate. This is where Newchip, the number-one online startup accelerator for those looking to start their own business, comes in.
A subsidiary of ASTRALABS, Newchip is a growth accelerator that helps raise venture capital for startups. Presently, the accelerator offers pre-seed, seed, and Series A programs in over 250 cities globally, boasting over $650M raised by alumni and a network of over 3,000 accredited investors.
Leveling the Playing Field
One of the first things any fledgling entrepreneur or new business owner will find is that the deck seems to be stacked against them, with most startups closing their doors within their first five years in operation. Studies show that approximately 20 percent of new businesses fail during the first two years of opening, 45 percent during the first five years, and 65 percent during the first ten years. Only 25 percent of new businesses make it to 15 years or more, but an overwhelming 90 percent ultimately end up failing.
This outcome isn’t always the result of a bad business plan or poor leadership by the business owner, however. An entrepreneur could have all their bases covered and still be forced to close up shop. To avoid this outcome, entrepreneurs need to have an understanding of the reasons that cause startups to fail — be it a lack of positive cash flow, misunderstanding their target market, or simply poor timing.
Newchip helps entrepreneurs level the playing field for anyone who wants to build and scale a startup by providing equal access to Silicon Valley-level resources and mentorship worldwide. Their goal is to help startups with planning, strategizing, delegating, and ultimately avoid failure.
“Everyone can be an investor or an entrepreneur,” says Newchip CEO Andrew Ryan, “and they can do it from anywhere in the world. Newchip offers an online and remote program, so whether you live in the United States or abroad, you can participate in the Newchip Accelerator. There are no relocation requirements, either, since the program is run entirely online.”
According to Ryan, Newchip seeks to connect with and represent entrepreneurs and businesses with genuine traction by offering a more affordable, equity-free pricing structure and leveraging an extensive portfolio of client companies worldwide.
Importance of Entrepreneurs
Entrepreneurs are the most significant drivers of social change and impact. Following global economic downswings, supply chain issues, and general unrest resulting from the COVID-19 pandemic, their role in our society is now even more crucial. The pandemic has only heightened the importance of entrepreneurship and innovation, with experts projecting long-term growth possibilities in the post-pandemic world.
Savvy business owners know that, where there are challenges in changing and trying times, there also lie opportunities waiting to be unearthed. During these times, it’s all the more vital for society to unite under common causes. To this extent, entrepreneurs play a key role as experts in identifying unmet needs, keeping their eyes on the horizon in order to move in as quickly as possible to stake their claim on a yet-untapped market and collaborate with other experts in finding actionable solutions.
“Newchip supports this collaboration with a focused and centralized vision to leverage decentralized business divisions that can adapt, move, and innovate through solid leadership and independence,” Ryan says. “While companies like Google, Apple, and Tesla focus on world-changing independent technologies, we are focused on building technologies and infrastructure to ensure that the next generation can build them quickly and efficiently.”
As Ryan explains, Newchip helps startups scale through creating a strong fundraising roadmap with their expert mentors, connecting these businesses and their leaders with a global community of founders, angel investors, and venture capitalists. “We believe in entrepreneurs,” Ryan adds, “and offer them support to help them succeed. We provide them with all the tools and skills necessary to fund, build, and scale along every step of their journey.”
Andrew Ryan is a serial entrepreneur, angel investor, VC, and advocate for the disruption of monopolies through equal opportunity in tech for small businesses and for retail investors in private equity and venture capital. Andrew is the founder and CEO of the Newchip Accelerator, the leading remote global startup accelerator in over 80 countries since 2019.
The goal of the Newchip Accelerator is to level the playing field for founding a startup regardless of location in the world through the development of the next entrepreneur generation via funding and graduating over 10,000 startups by 2026. To date, Newchip has over 2,000 portfolio startups that have raised more than $1B in combined venture capital funding. He’s also an active advocate and member of the Founder Pledge, a community of tech CEOs that requires every member to make a binding pledge to donate a portion of their personal proceeds from exits and investments to charity.
Prior to his career in tech, Andrew served in the armed forces in air and missile defense. Andrew is a lifelong advocate and lobbyist for veteran post-war education and rehabilitation, having co-developed and successfully lobbied for programs that have deployed over $100M+ to veteran education and career programs in Texas since 2012.
