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Welcome to "No Fear Equity," a series breaking down startup equity and fundraising in simple terms. Host Sophia Sang introduces startup lawyer Mike Laplante to guide viewers through a series A term sheet. Understanding legal language can be challenging, but Laplante, with his experience working with thousands of startups, breaks down the key components of a term sheet. The term sheet will include a stated pre-money valuation, in this case, the company is raising $5 million.
