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This is a chicken-egg scenario:

1) I'd be less apprehensive about giving away 8% to any (!) company I found if I knew the network/guidance/community were proven.

2) You need track records of success before the network/guidance/community is seen as worth it. Right now, it's a gamble since you're new.

So you need a population of people willing to take a lower amount of money with a gamble on community quality.

Given that, it seems better off to wait.

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If you are able to think through this, this fund is not for you. As mentioned in OP's comment, they are targeting folks who aren't even sure if they are building a company, just based on their 'potential'. It is a risky endeavor and from that perspective, the equity portion is justified. For someone who has access to this advice and support, it's not worth it. But for those who don't, this is Godsent.

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