All deals on AngelList will soon be private (plus other updates you should know)

It’s heady amounts of money for heady times.
AngelList, the investing platform that has scaled to support $205 million in investments across 650 startups including Uber, is aiming even bigger.
One of China’s largest private equity firms is now tapping the platform and the know-how of its angels and syndicates to power a $400 million seed fund called CSC Upshot. The fund will be run by the country’s third-largest private equity firm, China Science & Merchants Investment Management Group, which has $12 billion under management.