When to say no for help

Decided not to apply for the accelerator program which is due on Friday. I had my application pack ready, but with my business background and experience, I don’t know how much value I’ll get out of all the mandatory workshops, etc. Plus, the cost of entry (equity) is greater than I want to give in exchange right now.

A start-up like mine will appear nearly worthless when it has yet to make or sell one product. I’m not ready to exchange capital for investment dollars yet, but it would awesome if I can still hang out with these smart people and network. There will be a time in the future where I need more help, and hopefully my company is worth a bit more then.