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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 large venture-investing arm, will step again from his position to run a brand new outdoors funding outfit, in response to an organization memo.

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