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In the "No Fear Equity" series, host Sophia Sang introduces startup attorney Mike Laplate from Perkins Coie to explain Series A term sheets. The episode aims to simplify the complex legal language associated with fundraising and equity for startups. Understanding these term sheets is crucial when raising a priced round, as they outline essential financial aspects, including the company's stated pre-money valuation—in this case, raising $5 million. Mike, who has experience with thousands of startups, will break down the significant components of a Series A term sheet, making it accessible for founders navigating the fundraising process.