As long as it's 6% of common stock, and therefore involves no special rights and therefore no loss of control, and as long as your startup will need to eventual

As long as it's 6% of common stock, and therefore involves no special rights and therefore no loss of control, and as long as your startup will need to eventually raise more money, TechStars is giving you a bargain. Raising is hard and quality advisors, warm introductions to investors, and simply being vetted and selected from a large pool of applicants will improve your chances of success (and therefore the valuation of the 94% of stock you retain) a lot more than the 6% of common you're giving up.