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In this episode of "No Fear Equity," host Sophia Sang and startup attorney Mike Laplate discuss the complexities of a Series A term sheet, essential for price round fundraising. They aim to clarify the legal language associated with term sheets for startups aiming to raise capital. Mike, an experienced startup lawyer from Perkins Coie, will break down key components of the term sheet, including the stated free money valuation. In this instance, the featured company is raising $5 million. This tutorial is designed to make understanding startup equity and fundraising more accessible.