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In this episode of "No Fear Equity," host Sophia Sang introduces startup attorney Mike Laplate to discuss the complexities of a Series A term sheet, crucial for those raising a priced round of funding. They aim to simplify the legal jargon surrounding term sheets, which can be daunting for many. Mike, with extensive experience working with startups, will clarify key components of a Series A term sheet. The discussion begins with an emphasis on the importance of understanding the "free money valuation," highlighting that the company featured in this episode is raising $5 million.