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In this episode of "No Fear Equity," host Sophia Sang introduces startup lawyer Mike Laplate to explain the complexities of a Series A term sheet. The discussion emphasizes the importance for startups to understand term sheets when raising a priced round, which often involves complicated legal language. Mike, an experienced attorney from Perkins Coie, will help break down the key components of the term sheet. The company featured in this episode is aiming to raise $5 million, and the term sheet will include a stated pre-money valuation. The session aims to simplify these concepts for better understanding by founders navigating fundraising.