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In this episode of "No Fear Equity," host Sophia Sang teams up with startup attorney Mike LaPlate from Perkins Coie to explain the complexities of a Series A term sheet for fundraising. They emphasize the importance of understanding term sheets, especially when navigating the legal jargon involved in price rounds. Mike, with extensive experience aiding startups, aims to clarify the key elements found in such documents. The discussion highlights the significance of a stated free money valuation, using a specific example of a company raising $5 million. The session aims to make startup equity and fundraising more accessible.