In what is by far the largest deal in tech history, Dell (and partners MSD Partners and Silver Lake) agreed to buy publicly traded IT giant (and owner of VMWare) EMC this morning for $67B, or $33.15 a share. Expected to close mid-2016, the merger will result in the world's largest privately controlled tech company. And the record setting continues: China's third-largest PE firm, China Science & Merchants Investment Management Group, launched a $400M seed fund this morning called CSC Upshot, which will be used to fund top syndicates on AngelList's Syndicates platform. According to the firm, which plans to spread investments out over a period of six to eight years, this is the largest fund dedicated to seed stage investing, ever. Google announced today that it's participating in a $100M round for cloud-based messaging startup Symphony. This brings the one-year-old startup's valuation to a reported $650M, and its funding total to $166M. Setting out to raise an A round? Ben Nasarin of Canvas Ventures has created a play-by-play for first-time founders, from setting the initial partner meeting to signing the final documents.
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