Shervin Pishevar is an Iranian-American investor who has a high profile in the Silicon Valley. He made his fortune from his investments at companies like Uber, Slack, Dollar Shave Club, Virgin Hyperloop One, as well as Sherpa Capital. He was also the managing director of Sherpa Capital up until late last year.
On 5th February, 2018 he broke his silence with a 21-hour tweet storm. In the 50-message rant, he had quite a lot to say about the United States economy among other things.
What I look for founders and teams:
— Shervin Pishevar (@shervin) June 26, 2018
In the beginning of February, the United States stock market had a crushing blow. Shervin
Pishevar projected that it would continue falling this year with up to 6, 000 points. He attributed this fall to the political, cultural, and nationalism related challenges.
Shervin Pishevar had something to say about Bitcoin too. He said that the Cryptocurrency would drop in value to between $2, 000 and $5, 000. It would latter rise but at a slow pace.
The Silicon Valley has for many years been known to be home to many multi-national high-tech corporations. Shervin Pishevar being an investor in the region had a lot to say about it. He said that Silicon Valley had graduated from being just a physical place to an idea. Investments are thus moving to other places like China which quite competitive nowadays. He also did not shy away from pointing out that the zone was losing its competitive edge to other zones outside the US.
In the 21-hour tweet storm, Shervin Pishevar touched on inflation. This was arguably the most controversial topic in the whole rant. He claimed that inflation did not exist anymore in the United States. In his words, “Inflation is dead“. According to him, inflation was being exported through the trade deals with other countries. He thus did not agree with anyone claiming that the economy was on the rise.
Many have dismissed this tweet storm as a meaningless rant. This is wrong since all these projections were made with a sound practical approach. It thus should be a wakeup call to the entire American market and more specifically the investors.