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In the "No Fear Equity" series, host Sophia Sang introduces startup attorney Mike Laplate to explain Series A term sheets, which can be complex due to legal jargon. Raising a priced round necessitates understanding these terms. Mike, an experienced attorney from Perkins Coie, will clarify key components of a term sheet. He emphasizes that the term sheet will include a stated pre-money valuation for the company, which is seeking to raise $5 million. The aim is to breakdown these concepts into easily digestible information to assist startups in navigating the fundraising process.
