SoftBank Vision Fund is losing Jeff Housenbold, who led investments in DoorDash, OpenDoor and Wag

SoftBank Vision Fund is losing Jeff Housenbold, who led investments in DoorDash, OpenDoor and Wag

Jeff Housenbold, managing partner at SoftBank's Vision FundSoftBankSoftBank's Jeff Housenbold, who led the Vision Fund's investments in companies including DoorDash, OpenDoor and Wag, is leaving the firm later this year.SoftBank shook up the Silicon Valley investment world with the first Vision Fund in 2017, ultimately raising $100 billion, funded in large part by the Public Investment Fund of the Kingdom of Saudi Arabia. The Japanese company had been targeting an even bigger amount for Vision Fund 2 but scaled it way back last year after many of its high-priced investments hit snags.In a memo sent internally on Friday and viewed by CNBC, Vision Fund head Rajeev Misra said that Housenbold is departing to "run his own business." Housenbold has been with the Vision Fund during its ups and downs, leading some of the most high-profile deals with mixed results."As many of you know, Jeff was my first hire and over the last three and a half years he successfully led our investments in 17 companies across Fund 1 and Fund 2, including DoorDash (DASH), Opendoor (OPEN), Compass, Rappi, Alto, and Memphis Meats," Misra wrote in the memo.Axios previously reported on his departure. Housenbold confirmed the move on Twitter.Housenbold, who was