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Welcome to "No Fear Equity", a series simplifying startup equity and fundraising. Sophia Sang brings in startup lawyer Mike Laplante to explain term sheets for price rounds. Understanding these legal documents can be complex, but with expert insights, it becomes clearer. Mike breaks down key elements of a Series A term sheet, including the free money valuation, as illustrated by a company raising $5 million. Join us as we delve into the intricacies of startup fundraising.
