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In the "No Fear Equity" series, host Sophia Sang collaborates with startup attorney Mike LaPlate to clarify the complexities of startup equity and fundraising, specifically focusing on a Series A term sheet. The discussion highlights the significance of understanding legal jargon when raising a priced round. Mike, with extensive experience working alongside numerous startups, aims to simplify the critical components of a Series A term sheet. He emphasizes that the term sheet will include a stated free money valuation, as the featured company is currently raising $5 million. The episode serves as a guide to demystifying the fundraising process for startups.