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The Shervin Pishevar Tweetstorm of the Century Got People Thinking

Posted on 13 August, 2018 in Bitcoin, Business, CEO, Entrepreneur, Financial Expert, Investment, technology

Before considering the wild and off-the-wall Tweetstorm unleashed by angel investor Shervin Pishevar, first take note of some of the entities this man has backed in recent years.

The list includes names like Uber, Airbnb, Warby Parker, Dollar Shave Club, Slack — and that’s just for starters. Shervin Pishevar was also the co-founder of Sherpa Capital and Hyperloop One. He also invested in Munchery, Tumblr and Uber series B.

So with a track record like that, providing a critique of the many bold claims he made recently in dozens of Tweets should be accompanied by a certain amount of circumspection and perhaps respect.

Well, what did he Tweet? Where do we start? How about with inflation. Shervin Pishevar said that inflation may be a relic of the past. He said the United States has effectively been exporting its inflation in the form of international trade policy for years now. He also points out that many top economists have made bogus predictions about inflation in recent years.

The always hot topic of cryptocurrency did not escape the Twitter tirade of Shervin Pishevar. He said that Bitcoin is due for a vast blow back in value, perhaps settling in at a value of $2,000 to $5,000. He’s a fan of these kinds of financial instruments, however. He likes the fact that Bitcoin is a “stateless currency,” and thus amenable to leveraging new investment in creative ways.

The outlook for Silicon Valley is not bright in the view of Shervin Pishevar. He said the age of dominance for this regional hub of high tech innovation will soon be challenged by other forces around the world. He said Silicon Valley is more of an “idea” now than a region of California where innovation has thrived for years.

Shervin Pishevar also took on the giants — names like Apple, Microsoft, Google and Amazon. He scolded these powerhouses for stifling start-ups and “the little guy” who wants to build a new company from the ground up. The behemoths have too much power, Pishevar moaned in a Tweet.

Time will tell if the Shervin Tweetstorm was prophetic or just a bunch of hot air blown off by a hot investor.

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