BlueChili Accelerator: $75k for 30% of Your Startup?

Does anyone else have more detail on this? What's the deal? Does 30% for $75k sound crazy or is my judgement just skewed by YC's (and in some part TechStars') fundamentals?

$2.5k &#x2F; % puts them near the bottom ranking <a href="http://accelerat.io/" rel="nofollow">http:&#x2F;&#x2F;accelerat.io&#x2F;</a>