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Welcome to "No Fear Equity," a series simplifying startup equity and fundraising. Sophia Sang introduces a startup lawyer, Mike Laplante, to explain a Series A term sheet. Understanding legal jargon can be challenging, but Mike's expertise makes it easier. In a price round, the term sheet is crucial, detailing the company's valuation and terms. Mike, a seasoned startup attorney, breaks down the key components of a Series A term sheet, including the free money valuation and the amount raised.
