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In this episode of "No Fear Equity," host Sophia Sang introduces startup attorney Mike LaPlate from Perkins Coie to clarify Series A term sheets, which can be complex due to their legal language. The tutorial emphasizes the importance of understanding the term sheet when raising a priced round of funding. Mike, with extensive experience working with startups, will help break down the key components of a Series A term sheet. The specific example highlights a company raising $5 million, discussing the necessary understanding of terms like free money valuation. The aim is to make these concepts accessible and comprehensible.