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Welcome to "No Fear Equity," a series that simplifies startup equity and fundraising. Sophia Sang introduces Mike Laplante, a startup lawyer, to explain a series A term sheet. Understanding legal jargon can be challenging, but with support from Carda and Mike's expertise, it becomes easier. Mike, with extensive experience working with startups, breaks down the crucial aspects of a term sheet, focusing on the free money valuation, in this case, 5 million.
