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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.

Go deeper

Oriana Gonzalez
1 hour ago - World

Brazil begins distributing AstraZeneca coronavirus vaccine

Containers carrying doses of the Oxford/AstraZeneca vaccine arrive in Brazil. Photo: Maurio Pimentel/AFP via Getty Images

Brazil on Saturday began distributing the 2 million doses of the AstraZeneca coronavirus vaccine that arrived from India Friday, Reuters reports.

Why it matters: Brazil has the third highest COVID-19 case-count in the world, according to Johns Hopkins University data. The 2 million doses "only scratch the surface of the shortfall," Brazilian public health experts told the AP.

Go deeper (<1 min. read)Arrow
Barak Ravid, author of from Tel Aviv
2 hours ago - Politics & Policy

Sullivan speaks with Israel's national security adviser for the first time

Israeli national security adviser Meir Ben Shabbat U.S. Photo: Mazen Mahdi/Getty Images. U.S. national security adviser Jake Sullivan. Photo: Chandan Khanna/Getty Images

U.S. national security adviser Jake Sullivan spoke on the phone Saturday with his Israeli counterpart Meir Ben Shabbat, Israeli officials tell Axios.

Why it matters: This is the first contact between the Biden White House and Israeli prime minister's office. During the transition, the Biden team refrained from speaking to foreign governments.

Go deeper (1 min. read)Arrow
Axios
3 hours ago - Politics & Policy

Biden speaks to Mexican president about reversing Trump's "draconian immigration policies"

Mexican President Andrés Manuel López Obrador. Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

President Biden told his Mexican counterpart, Andrés Manuel López Obrador, on a phone call Friday that he plans to reverse former President Trump’s “draconian immigration policies.”

The big picture: The Biden administration has already started repealing several of Trump’s immigration policies, including ordering a 100-day freeze on deporting many unauthorized immigrants, halting work on the southern border wall, and reversing plans to exclude undocumented people from being included in the 2020 census.

Go deeper (1 min. read)Arrow