When venture capitalist Shervin Pishevar went on a tweet-storm early this year, he revealed a lot about the US economy and the financial sector as a whole. He started by saying that the US economy would decline in the future unless some serious steps are taken to combat the problems facing the country. He predicted that the stock market would lose by 6000 points, a good indicator that the economy was not doing well. Performance of the stock market is directly tied to good economic performance in the country. According to Shervin Pishevar, it is not only the stock market loss but also the bond market.
Shervin Pishevar took to Twitter for a 21 hours outburst. In one of the tweets, he posted about the future of bitcoin. He pointed out that bitcoin will be of great benefit in the financial sector and its value will go up significantly in the future. However, before gaining again, it will go down to the $2-5k range. He also added something about gold. In his analysis, gold will gain value as the economy deteriorates. Since gold is considered a haven, investors will put their wealth in the metal.
As a long time entrepreneur in Silicon Valley, Shervin Pishevar had something about the future of the most advanced innovations hub in the world. Surprisingly, he has no kind words. By his prediction, Silicon Valley has lost the glory it once enjoyed. In fact, Silicon Valley is more of an idea than a physical location. The idea has been adopted by other countries, meaning that the best ideas in the world need not come to the US anymore. Some countries are offering real competition in this area. China is doing very well and could easily surpass the United States.
Shervin Pishevar was part of a team that was tasked with the responsibility of creating a bill that would allow migrant talent into the United States. The bill failed to go through the Congress, something Pishevar describes as a mistake. The dwindling fortunes in the Silicon Valley are linked directly to some of the decisions that have been made such as the failure by the Congress to pass the bill. The bill would allow immigrant special talent visas to the United States.
On February 5, 2018, Shervin Pishevar started a tweet storm that spanned 21 hours. The majority of the tweets were focused on why he feels that big companies in the United States will fall, why the US stock market will continue to go down, and why an economic disaster has the potential to lead to a new kind of economy.
Shervin Pishevar is most well-known for his involvement in Sherpa Capital. In 2013, he helped found this fund in order to serve as a venture capital company and startup advisory. He even served as a strategic advisor for Uber for a couple of years. Before his 21 hour tweet rant, the last time that Shervin Pishevar used Twitter was to let people know he would be leaving Sherpa Capital.
The 50 tweets that Shervin Pishevar sent out acknowledge unstable conditions in the United States. He talked about the stock market continuing to go down. In fact, he predicts that in the coming months it will go down an aggregate 6,000 points. He talked about underemployment and described it as a systemic economic stasis. He also warned that inflation would spread. However, he did offer a glimmer of hope. He feels that when middlemen are irrelevant, everyone will be able to enjoy a global economy that is efficient and frictionless.
These are notions that Shervin Pishevar has expressed in the past. For many years, he has fought for a more transparent society. He wants a society without as many bottlenecks on innovation.
Shervin Pishevar is one of the cofounders of Virgin Hyperloop One. He feels that this company as well as SpaceX are moonshots that will do good work. However, he has some dark predictions for a few big companies in the United States, including Alphabet, Google, and Microsoft. He feels that since these big companies are built on monopoly frameworks, they will eventually fall. If they do not completely fall, he thinks that they will lose some of their influence. This is something that he feels is good for short-term economic growth, considering the fact that big companies will no longer be able to buy out small startups.