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In this episode of "No Fear Equity," host Sophia Sang and guest Mike Laplate, a startup attorney from Perkins Coie, explain the complexities of a Series A term sheet essential for raising funds in a price round. They emphasize that understanding the legal jargon in the term sheet is crucial for startups. Mike, with extensive experience assisting thousands of startups, will break down the key components of the Series A term sheet, starting with the importance of the stated pre-money valuation, using an example of a company raising $5 million. The tutorial aims to make this challenging topic more accessible for entrepreneurs.