Rajeev Misra, head of SoftBank Group Corp.’s big venture-investing arm, will step again from his function to run a brand new exterior funding outfit because the tech-investment big struggles with the fallout of the tech rout.
Mr. Misra got here to SoftBank in 2014 and helped flip it into the largest and most controversial expertise investor on the earth. With an unmatched $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.
