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Key SoftBank Executive Steps Back to Start His Own Fund

Rajeev Misra—one of the key architects of SoftBank’s aggressive and sometimes controversial bets on global tech companies—will take a step back from running the firm’s Vision Fund 2 to set up his own fund. SoftBank told staff in a memo on Thursday that Misra would relinquish his role as CEO of the company’s banner fund in order to run another outside fund, according to a person familiar with...

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Sequoia Capital's office in Menlo Park, Calif.
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