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Dell Sets $60 Million Venture Fund for Storage Startups

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http://www.thevarguy.com – Dell (NASDAQ: DELL), which built its storage business on acquisitions, has set up a $60 million fund to finance storage startups, planning to invest $3 million to $5 million per round to establish equity positions in as many as 10 of what it believes are “promising” young storage ventures. Michael Dell, Dell chairman and chief executive, disclosed the Dell Fluid Data Storage Fund Tuesday at Fortune’s Brainstorm Tech conference in Aspen, Colo. “Dell has a long history in seed investments in interesting technology companies,” Dell told attendees. “We really believe in thi (IT news)