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Welcome to No Fear Equity, a series simplifying startup equity and fundraising. Sophia Sang introduces Mike LaPlate, a startup lawyer, to explain Series A term sheets. Understanding term sheets is crucial for pricing rounds, as they contain legal jargon. Mike LaPlate, a seasoned attorney, will break down the key components of a Series A term sheet. The term sheet will have a pre-money valuation, in this case, a company raising $5 million. Let's dive into the details with Mike.
