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Welcome to "No Fear Equity," a series that simplifies startup equity and fundraising. In this episode, Sophia Sang introduces Mike Laplante, a startup lawyer, to discuss a Series A term sheet. Understanding term sheets is crucial for those raising a price round, as they contain legal jargon that can be challenging. Mike, with experience working with numerous startups, breaks down the key elements of a term sheet, including the free money valuation. Stay tuned for more valuable insights on navigating equity and fundraising.