Shervin Pishevar took to Twitter earlier this year to express his fears regarding the future of the US economy. This was unique for multiple reasons. First, he had not tweeted for over two months. The last time he tweeted before this storm was to announce the fact that he would be resigning from Sherpa Capital. Second, it can rightly be called a Twitter storm considering how long and detailed it was. In addition to expressing fears regarding the future of the US economy, he also discussed immigration, Silicon Valley, inflation, and bitcoin.
Many feel that Shervin Pishevar’s predictions should be taken seriously considering the fact that he is a seasoned investor. He has had success as a super angel investor, venture capitalist, and entrepreneur. He is behind funds that have invested in well-known companies like Airbnb. Other predictions he has made regarding the economy have come true.
The turbulent market is what caused Shervin Pishevar to begin his rant. He said a financial storm was on the horizon. Some of the factors that he says are to blame include tax giveaways and interest rates that continue to rise. He feels that it will not be long before investors will come to realize that all types of assets have been overvalued.
As someone who got his start in Silicon Valley, Shervin Pishevar knows just how exclusive it once was. Another point that he made in his 21 hour Twitter storm was that the US no longer has a monopoly on starting businesses, big ideas, and talented individuals. Innovation is seen around the world. An example he referenced was a train station being built in only a few hours in China. And while this is great for the rest of the world, Shervin Pishevar see this as a threat to growth in the US.
Shervin Pishevar also feels that a storm is looming for big businesses in the states, like Google, Apple, Microsoft, and Amazon. Because of the power behind these big businesses, they can buy out startups. The American system is not doing anything to stop these monopolies and has turned a blind eye to their power.