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In this episode of "No Fear Equity," host Sophia Sang explains the complexities of startup equity and fundraising, focusing on Series A term sheets. She introduces Mike Laplate, a seasoned startup attorney from Perkins Coie, to demystify the legal language involved in these documents. The discussion emphasizes the importance of understanding key components, such as the stated pre-money valuation, in the context of raising funds—in this case, a company aiming to raise $5 million. The goal is to make these concepts accessible to entrepreneurs navigating fundraising discussions.
