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Welcome to "No Fear Equity," where startup equity and fundraising are explained in simple terms. Sophia Sang introduces a startup lawyer, Mike Laplante, to discuss term sheets for price rounds. Understanding legal language in term sheets can be tricky, but Mike simplifies it for us. He's a trusted startup attorney at Perkins Coie and has vast experience with startups. In a Series A term sheet, there will be a stated valuation and funding raised. Let's dive into the important parts of a Series A term sheet with Mike's guidance.
