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Rajeev Misra to Step Back From Top Executive Role at SoftBank

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Rajeev Misra, who runs SoftBank Group Corp.’s big venture-investing arm, will step again from his position to run a brand new outdoors funding outfit, in accordance with an organization memo.

Mr. Misra got here to SoftBank in 2014 and helped flip it into the largest and most controversial know-how investor on the planet. With an unmatched $100 billion to spend and a cutthroat internal culture that led to poor funding selections, it was nearly single-handedly liable for pumping up valuations throughout Silicon Valley and past.