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In this episode of "No Fear Equity," host Sophia Sang collaborates with startup attorney Mike LaPlate to clarify series A term sheets for startups raising funds. The session aims to demystify the complex legal jargon associated with term sheets. Mike, an experienced attorney from Perkins Coie, emphasizes the importance of understanding key components of a term sheet, including the pre-money valuation. For this specific example, the company is raising $5 million. The goal is to equip viewers with clear, accessible insights into startup equity and fundraising processes.