A Flurry of Tweets from Shervin Pishevar about US Economics

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Shervin Pishevar’s Twitter account seems to have gone through a dry spell. The last time he tweeted was in December 2017 when he announced he would be resigning from Sherpa Capital, which is a venture fund that he helped to co-found. When he came back, he definitely came back with the fury. In the first days of February 2018, he posted 50 separate tweets in a matter of just 21 hours.

This dry spell has been likened to awakening a bear from hibernation if the crash is loud enough. And most individuals would agree that it was. The stock market experienced a drop that was significant. Shervin Pishevar sent out a flurry of tweets expressing his overall concern for the economic situation in the US. He predicts that the stock market is going to continue to drop over the next year. His overall thought is that things are going to get worse in the United States before they will get better.

Shervin Pishevar is a big player in Silicon Valley. He was one of the first investors in startups like Airbnb and Uber. In fact, he has seeded at least 60 companies. One of his concerns is that there has been a loss of exclusivity in Silicon Valley. This is not necessarily a bad thing when it is looked at from a global perspective. However, Shervin Pishevar feels it is not good for short term domestic economic growth in the United States. He mentioned that the US does not have the same monopoly on the classic entrepreneurial spirit that is backed by venture capital and angels. It has now become the global way.

Another point that Shervin Pishevar touched on in the Twitter storm has to do with five of the biggest companies in the United States. These include Alphabet, Apple, Amazon, Microsoft, and Google. He calls them giants built on a monopoly framework. He compares their downfall to the way that old forests burn to make room for new trees. He says that their fall is just how evolution works. They have the ability to buy out small startup competitors, which basically will fail the entire system.


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