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Snip.it founder raising $75 million VC fund

Ramy Adeeb, most recently known for founding digital bookmarking service Snip.it, is quietly raising a $75 million venture capital fund called 1984 Ventures, according to an SEC filing.

Background: Adeeb founded Snip.it, which lets users collect news articles, photos, videos and other links into online collections in 2011. After raising money from firms like True Ventures and Khosla Ventures, he sold the company to Yahoo for $10 million in 2013 as part of the tech giant's acqui-hire spree. Prior to that, Adeeb spent seven years at TellMe Networks before a stint at Khosla Ventures as a principal.