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Welcome to "No Fear Equity," a series where startup equity and fundraising are explained in simple terms. Sophia Sang introduces a startup lawyer to discuss a series a term sheet. Understanding legal language can be tricky, but with the help of Mike Laplante from Perkins Coie, important parts of a series a term sheet are explained. One key point is the stated pre-money valuation, as this company is raising 5 million dollars.
