Shervin Pishevar Creates Buzz on Social Media
Shervin Pishevar’s 21 hour tweet rant definitely created some buzz on social media. He had some dark predictions for the future of the economy in the United States. Should these predictions be taken seriously? Well, it seems like Shervin Pishevar has a knack for predicting the future. Back in 2008, he anticipated that Facebook would go through an identity crisis, which it did.
Shervin Pishevar recently announced his resignation from Sherpa Capital. This is a venture fund that he help co-found and used to invest in companies like Uber, Airbnb, and Munchery. In addition to the success he has had as an entrepreneur and investor, he has received different awards and recognition from important organizations, including the US government. In fact, in the year 2015, he was appointed to the J. William Fulbright Foreign Scholarship Board by former Pres. Barack Obama.
His twitter rant started in response to one of the most dramatic dives the stock market has taken in recent years. The dive was obvious to everyone, but Shervin Pishevar pointed out that it would continue to go down in the months ahead. He even said that quantitative easing, which the government often uses to correct the stock market after it tanks, should not be trusted to be an effective tool.
In his twitter rant, he said that governmental and financial institutions are also in trouble. He said that they are facing irrelevance and would go through a shift that is only seen once every 1,000 years. While he has dark things to say about giant companies, governmental institutions, financial institutions, and the stock market, he does feel that small startups will have a good opportunity in the days ahead, particularly because of digital currency and new ways to raise funds. He said that digital currency is the ultimate app.
As a person who got his start in Silicon Valley, Shervin Pishevar is in a good position to discuss its future. He feels that the exclusivity that once existed in the area is just no longer there. At one time, the stronghold of ideas and talents came from there, but now individuals all around the world are becoming entrepreneurs. This is good on a global scale but not for the US economy.