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Welcome to No Fear Equity, a series simplifying startup equity and fundraising. Sophia Sang introduces Mike LaPlate, a startup lawyer from Perkins Coie, to explain a Series A term sheet. Understanding legal language can be challenging, but with Mike's expertise, we can break down the key components. In a price round, a term sheet will include a stated valuation, such as the company raising 5 million. Join us as we dive into the important parts of a Series A term sheet.
