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No Fear Equity series aims to simplify startup equity and fundraising. Sophia Sang introduces startup lawyer Mike LaPlante to discuss a series A term sheet. Understanding legal language in a term sheet is crucial for a price round fundraising. Mike LaPlante, a seasoned startup attorney at Perkins Coie, breaks down key parts of a series A term sheet. One crucial aspect is the stated free money valuation, with the company in discussion looking to raise 5 million.