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In this episode of "No Fear Equity," host Sophia Sang introduces startup attorney Mike Laplate from Perkins Coie to explain the complexities of a Series A term sheet. The video emphasizes the importance of understanding term sheets when raising a priced round, as they often contain intricate legal language. Mike, with extensive experience working with startups, will clarify key components of a Series A term sheet, starting with a stated pre-money valuation. The goal is to simplify these concepts, making them accessible for those involved in startup equity and fundraising.