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Welcome to No Fear Equity, a series that simplifies startup equity and fundraising. In this episode, Sophia Sang introduces Mike Laplante, a startup lawyer, to explain a series A term sheet. Understanding term sheets is essential for raising a price round, but it can be challenging due to legal jargon. Mike, with his experience working with startups, breaks down the key components of a term sheet. One important aspect is the stated pre-money valuation, with this company aiming to raise $5 million. Join them as they delve into the details of series A term sheets.
