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In this "No Fear Equity" tutorial, host Sophia Sang discusses startup equity and fundraising, focusing on understanding a Series A term sheet with the help of attorney Mike Laplate from Perkins Coie. The session emphasizes the complexities of legal language involved in price rounds and the importance of grasping the details in a term sheet. Mike, with extensive experience working with startups, will clarify vital components of the Series A term sheet. The discussion begins by highlighting the stated pre-money valuation, with the example of a company raising $5 million. The video aims to simplify the concepts for better understanding.