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Welcome to No Fear Equity, a series simplifying startup equity and fundraising. Sophia Sang introduces a real startup lawyer to explain term sheets. Mike Laplante, a seasoned startup attorney from Perkins Coie, breaks down the key components of a Series A term sheet. Understanding legal jargon is essential for startups raising a price round. One significant aspect is the stated pre-money valuation, in this case, 5 million. Let's learn more about the ins and outs of term sheets.
