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In this episode of "No Fear Equity," hosted by Sophia Sang, a startup attorney named Mike Laplate from Perkins Coie discusses the complexities of a Series A term sheet. The tutorial targets founders raising a price round and aims to simplify the legal terminology associated with term sheets. Mike draws on his extensive experience with startups to explain essential components, including the concept of a stated free money valuation. This particular case features a company raising $5 million, highlighting the nuances and critical elements that entrepreneurs need to understand during fundraising efforts.