Newchip Newsletter Series: November 23rd-27th

What’s coming up at Newchip?

See app.newchip.com/events/ for more information on upcoming Newchip events. 

All events are scheduled in Central Daylight Time.

Monday, November 23

9:00am-11:00am: 3-Minute Elevator Pitch 1-1 Coaching Workshop #1 [Link]

9:30am-11:30am: Business Advisory Session [Link]

12:30pm-1:00pm: Product Management Live Chat with Google PM Webinar [Link]

Tuesday, November 24

12:30pm-1:30pm: A Newchip Conversation: An Effective Pitch Deck Through the Lens of the Investor [Link]

1:00pm-3:00pm: Business Advisory Session [Link]

2:00pm-4:00pm: 9-Minute Demo Day 1-1 Coaching Workshop #1 [Link]

4:00pm-6:00pm: Weekly Pitch Deck Review Session #1 [Link]

Wednesday, November 25

9:00am-11:00am: 3-Minute Elevator Pitch 1-1 Coaching Workshop #2 [Link]

6:00pm-8:00pm: Business Advisory Session [Link]

Thursday, November 26

HAPPY THANKSGIVING!

Friday, November 27

9:00am-11:00am: 9-Minute Demo Day 1-1 Coaching Workshop #2 [Link]

10:30am-12:30pm: Hot Seat + Office Hours Weekly Session [Link]

Sputnik ATX Winter 2021 Cohort Application

Applications are now open for Sputnik’s W21 cohort. Apply for $100K+ in funding, 13 weeks of intensive structured training focused on gaining traction, and fierce competition among a select group of founders for the traction horse.

Newchip Accelerate Podcast!

From investing to building a company culture, Accelerate strives to shine a light on the many unknowns entrepreneurs face on a daily basis. Guests for this episode are Tim Jackson, Karen Rands, and Joshua Abalos, who discuss how to approach your business with a holistic approach, as investing goes far beyond a check. 

The podcast is available to listen and download now on all major podcast platforms, including Spotify and iTunes.

Company Spotlight

SportsChic - Newchip Company Spotlight

Karin Shoup - Founder & CEO
Location: Huntington Beach, CA USA || Website: www.sportschic.com

About SportsChic

SportsChic was born in 2015 when women’s active fashion, fitness, and wellness trends were just beginning to explode and gain traction with the goal to simplify and organize women’s daily life with high-quality bags featuring sustainable style and functionality to carry from the gym to work to play and travel.

In the last 5 years, SportsChic has released six different styles of backpacks and totes. All our bags are waterproof, UV protected, simple to sanitize and feature a patent pending insulation system to keep drinks and snacks hot or cold and useful organizational features inside and out. Most importantly, the sleek Scandinavian style and sophisticated colors are timeless and designed to last, while the vegan-friendly materials are healthy for the environment.

SportsChic is sold by the leading online tennis retailers and through tennis and golf pro shops and specialty boutiques across the US. SportsChic is entering the online market in Asia Pacific beginning this month in Hong Kong, and China in Q1.

Use Promotion Code: GRATEFUL for 30% discount off purchase through November 31.

Want to connect? Find the founder of SportsChic, Karin Shoup here.

Mentor Spotlight

Dave Izuka - Newchip Mentor Slide

Dave Izuka is a serial entrepreneur with extensive experience in venture capital, finance, operations, executive search, and consulting. He has made significant contributions to many of the most influential and successful hi-tech companies in Silicon Valley including Electronics for Imaging, General Magic, TOPS (a subsidiary of Sun Microsystems), and WordStar. Dave has raised significant capital from IPOs, premier venture capital firms, and strategic corporate investors. He spent four years in venture capital with Adler and Company and Weiss Peck & Greer.

Dave founded the Venture Catalyst Group in 1996 to assist startups with product definition, strategy, business planning, and fundraising. The more significant projects included Rubric Software (acquired by Broadbase then Kana), PlaceWare (acquired by Microsoft), Worldtalk (IPO and later acquired by Tumbleweed), Advance Fibre Communications (IPO and acquired by Tellabs), and MyBuys (acquired by Magnetic). In 2011, Dave helped incubate StreetLight Data, a leading provider of geospatial business intelligence and demographic analytics. For the last 10 years, he has helped numerous startups and early-stage companies with strategy, executive recruiting, and fundraising.

Newchip Quick Tip

Budgeting your expenses and gauging your runway is critical for cash flow management and timing your next fundraising round. Adding “padding” or a “buffer” to your expenses protects you from unforeseen expenses or rising costs. The software you use for $100/month now, will likely cost more in a year or even six months. We recommend 30% padding to your expenses for safety.

Helpful Tools… 

See the Partnership Resources page in your program content for more information (Pre-Seed(Seed & Series A)

  • Gorgias – Ecommerce tools that help automate customer service communication.
  • Startup Grind – Community for startups, providing private events and networking opportunities among founders and investors.

Acquisition in the Newchip Community

The Organic Candy Factory has been acquired by Vertical Wellness. If the company sounds familiar, The Organic Candy Factory and its founder, Piper Cochrane, were highlighted in the October 22 Newsletter.

Read more in the press release below: Vertical Wellness Acquires The Organic Candy Factory® to Expand Brands Portfolio Into the Fast-Growing Better For You Candy Segment (BusinessWire)

Must-Read Articles

Below you will find a collection of our must-read articles for this week in relation to the entrepreneurial world. For the best experience, we recommend you grab a cup of coffee, some tea, or heck, just grab a nice, cold beer… Enjoy!

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