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Welcome to No Fear Equity, a series aimed at simplifying startup equity and fundraising. Today, startup lawyer Mike Laplante joins to explain term sheets for a Series A round. Understanding legal jargon can be difficult, but Mike is here to help. One key aspect is the free money valuation stated in terms. In this case, the company is raising $5 million. Stay tuned as we dive into the important parts of a Series A term sheet.