Shervin Pishevar’s tweetstorm predicts dark days for US economy

Shervin Pishevar is an accomplished venture capitalist and an entrepreneur. He has investments and some of the biggest multinationals in the world such as Airbnb and Uber, companies he invested in during the startup ages. Pishevar has spent most of his career in Silicon Valley working closely with promising startups. He is the former managing director of Sherpa Capital as well as Menlo Ventures. Working with Menlo, he was approached by the co-founder of Uber Mr. Travis Kalanick to help in growing the idea.

Shervin Pishevar is clearly a distinguished investor. Although he is no longer working with Sherpa Capital, he still gives his opinion about various matters affecting the business sector. Early 2018, Shervin Pishevar engaged in a tweetstorm that revealed a lot about the American economy and the financial sector in general.

Shervin Pishevar started the tweetstorm by making it clear that he expects the American economy to go down in the coming months. He predicted that the stock market would lose 6,000 points in the coming months, a factor that would contribute significantly to the decline of the economy. At the time of tweeting, he believed that inflation and overvaluation of assets were already present in the market making this a clear indication that a financial storm would hit the country’s economy.

Shervin Pishevar also highlighted others issues likely to affect the financial sector. For instance, he predicted that bitcoin would crash while gold would rise. In his prediction, he indicated that bitcoin had soared to high prices that it would not maintain. He noted it would go down to the 2-5K range before resuming an upward trade. He is however supportive of the idea that cryptocurrencies can bring a frictionless trading environment.

Shervin Pishevar also decried the presence of monopolies in the American economy. By his statement, some companies operating in the country which are making it hard for others to thrive. Facebook, Alphabet, Amazon, Apple and Microsoft have dominated the Silicon Valley making it impossible for any other idea to thrive. He is recommending that such companies should be broken up just like it happened with AT&T. If the status quo is maintained, then he predicts that it will take more than one decade for another great idea such as Uber and Airbnb to be invented.

https://medium.com/@shervin

Shervin Pishevar Warns of the Dangers of Monopolies

Early Uber investor and venture capitalist Shervin Pishevar shared a famous tweetstorm in February 2018. His predictions ranged from finance to technology and infrastructure. Pishevar’s words are valuable due to his extensive experience in the financial and technology markets. It is worth reading his predictions and mapping out how they perform over time.

Pishevar is especially concerned with the growth of inflation and possible economic stasis. He warns of the United States’s tendency to spread inflation around the globe. He also noted that the trade deals proposed by the current administration would continue to hurt the global economy. This prediction has proven truthful as demonstrated by the heavy trade tariffs imposed by the current administration.

Shervin Pishevar predicted a downturn in financial markets, sparked by a loss in bonds and Bitcoin. His stock market predictions have not quite come to pass as of the summer of 2018, but market trends continue downward. Bitcoin, in particular, has taken a significant hit.

Shervin Pishevar warned strongly against the dominance of the 5 major American tech monopolies. He stated that Apple, Amazon, Facebook, Alphabet, and Microsoft were stifling American innovation. He likened these five companies to “Ma Bell,” the dominant telephone company until its breakup in the 1980s.

“Breaking up Ma Bell unleashed many companies, and it was best for consumers. But these five Modern ‘Ma Bells’ have much more power than Ma Bell ever did… (They have) access to data that no sovereign (country) has.” He went on to state that “we might not see another Uber or Airbnb scale business for 10+ year(s) unless the Modern Ma Bells are restrained from their absolute power.”

Pressure from the five tech monopolies squashes innovation, according to Shervin Pishevar. New companies are increasingly founded overseas since the dominance of Silicon Valley has begun to fade.

Shervin Pishevar has a unique voice in the tech world. As a former venture capitalist, he funded the rise of many important companies such as Uber. With his finger on the pulse of the economy, he has shared valuable information about the future. It is worth keeping his predictions in mind as time passes.

http://www.gcreport.com/twitter-storm-shervin-pishevar/