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Welcome to "No Fear Equity," a series breaking down startup equity and fundraising in simple terms. Sophia Sang introduces a startup lawyer, Mike Laplante, who will explain a series A term sheet. When raising a price round, understanding the term sheet is crucial. Mike Laplante, from Perkins Coie, will help break down the important parts of a series A term sheet, including the stated free money valuation of the company raising 5 million dollars.
