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In this episode of "No Fear Equity," host Sophia Sang introduces startup attorney Mike Laplate from Perkins Coie to explain a Series A term sheet, crucial for raising a priced round. The discussion highlights the complexity of legal jargon in term sheets, emphasizing their importance for startups navigating fundraising. Mike, who has extensive experience with startups, will break down the key components of a Series A term sheet, starting with the stated pre-money valuation, as the featured company aims to raise $5 million. The tutorial aims to simplify the understanding of these legal documents for entrepreneurs.