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In this episode of "No Fear Equity," host Sophia Sang introduces startup attorney Mike Laplate from Perkins Coie to explain Series A term sheets. The discussion emphasizes the importance of understanding the often complex legal language involved in raising a priced round. Mike, experienced with numerous startups, will help simplify key components of a term sheet. A focal point is the "free money valuation," with the specific example of a company raising $5 million. The goal is to make the intricacies of startup equity and fundraising accessible to founders and entrepreneurs.