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In this episode of "No Fear Equity," host Sophia Sang introduces startup attorney Mike Laplate to simplify the complexities of a Series A term sheet. The discussion aims to demystify the legal jargon associated with raising capital through price rounds. Mike, an experienced startup lawyer from Perkins Coie, will help outline crucial elements of the term sheet, which includes a specific free money valuation for the company, indicated as raising $5 million. The tutorial intends to equip startups with a clearer understanding of what to expect in the fundraising process.