Shervin Pishevar was one of the initial investors in startups like Uber, Airbnb, and Dollar Shave Club. He made a fortune being ahead of the market and then opened his own venture capital investment firm. He has been publicly silent since announcing his resignation from Sherpa, so it was something of a surprise when he took to Twitter to send our 50 self-numbered tweets over a 21-hour period. He tweeted predictions for the future and then fleshed them out with his reasoning for the predictions.
His predictions centered on a national and even international financial fiasco that will hit the markets hard. On the heels of the 500-point drop in the stock market, which he dubbed the “#TrumpDump,” Shervin Pishevar predicted a 6,000 point decline in the stock market over the course of several months. He reasoned that the decline is inevitable due to “rising interest rates, increasing credit account deficits, and tax giveaways.” He went on to predict the pledge that bonds will lose value also and will not be available to stabilize the markets.
Shervin Pishevar envisages the weakening, or even the demise, of giant corporations wielding incredible power. Corporations that act as monopolies in buying up, and shutting down, small startup competitors are stifling innovation and doomed to failure. He particularly refers to Google, Amazon, Microsoft, and Apple, calling them “Unicorns.”
He also forecasts a drop in alternative cryptocurrencies such as Bitcoin, which he thinks will drop from the current high of $8,000 to $10,000 to a low of $2,000 to $5,000.
Shervin Pishevar warns that ingenuity and innovation are no longer strictly American virtues but have spread throughout the world. Shervin believes that the United States has been excluding talent with the result that talent has learned to “grow in place” using the power of the internet for fundraising. Visit This Page for additional information.
He believes that in the future, the United States, whose government is “trapped in short-term thinking,” will lose out to China and the “frictionless innovation” that thrives overseas and uses the example of a Chinese train station that was built by 1500 workers in less than nine hours.