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In this episode of "No Fear Equity," host Sophia Sang introduces attorney Mike LaPlate, a startup lawyer from Perkins Coie, to explain Series A term sheets. They aim to clarify the often complex legal language involved in fundraising. Understanding a term sheet is crucial for those raising a priced round, as it outlines key financial and legal terms. Mike emphasizes that it typically includes a stated free money valuation, which is a critical aspect for startups. The session is designed to simplify these concepts for better comprehension among entrepreneurs navigating fundraising.
