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Welcome to No Fear Equity, a series where we simplify startup equity and fundraising. Sophia Sang introduces startup lawyer Mike LaPlante to discuss a series A term sheet. Understanding legal jargon can be challenging, but with Mike's expertise, he breaks down the key components of a term sheet. In a price round, knowing the free money valuation is crucial. Mike, with his experience working with numerous startups, guides us through the important aspects of a series A term sheet.