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In this episode of "No Fear Equity," host Sophia Sang discusses startup equity and fundraising in an accessible way. She introduces startup attorney Mike Laplate from Perkins Coie, who will explain the complexities of a Series A term sheet. Understanding a term sheet is crucial for raising a priced round, as it includes complex legal language. Mike aims to clarify the important elements, starting with the stated post-money valuation related to the company's $5 million fundraising effort. This tutorial is designed to help viewers grasp essential concepts in startup finance clearly.