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In this episode of "No Fear Equity," hosted by Sophia Sang, the focus is on understanding startup equity and fundraising. The guest, Mike Laplate, a startup attorney from Perkins Coie, explains the complexities of a Series A term sheet, which is essential for those raising a price round. He aims to clarify the legal language involved, emphasizing that a stated pre-money valuation will be included in the terms. The discussion is designed to make these important elements more accessible to entrepreneurs navigating the fundraising process.