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In the "No Fear Equity" series, host Sophia Sang introduces startup lawyer Mike LaPlate to explain a Series A term sheet. The video emphasizes the importance of understanding term sheets when raising a price round, as they often contain complex legal language. Mike, an experienced attorney from Perkins Coie, aims to simplify the key components of a Series A term sheet for viewers. He highlights that the term sheet will include a stated free money valuation, particularly for companies raising significant amounts, like a targeted $5 million in this case. The session aims to make startup equity and fundraising concepts more accessible.