When a high-profile venture capitalist goes on a lengthy Twitter rampage, it’s difficult for many people to ignore what comes spewing out – for better or worse.
Shervin Pishevar has never been known to keep his opinions to himself, but his recent flurry of 50 Tweets over a two-day period provided loads of grist for the entrepreneurial rumor mill. Because Pishevar has been an influential and early investor in such behemoths as Uber, Airnb and Munchery, when he Tweets, folks tend to pay attention.
Shervin Pishevar gave his 92,000 followers plenty to ponder. For example, he made the prediction that the price of Bitcoin value will plunge to as low as $2,000, although he also said it would likely recover.
He offered some gloomy news about the stock market, too. The market will fall back some 6,000 points in coming months, he said. After that, he threw some bitter cold water on Silicon Valley predicting its days were numbered. That’s because Silicon Valley has “lost its competitive edge,” he Tweeted. He said Silicon Valley is “no longer a place” but “an idea that has gone viral.”
Shervin Pishevar was just getting warmed up. His rant moved onto new topics, including China, which he said is poised to slaughter its global competitors, including the United States. He said China is building a powerful, modern infrastructure and doing so at a blinding rate of speed – while the infrastructure of the U.S. is in “tatters” and Congress seems incapable of jump starting the re-building of America.
He also decried the fact that just a handful of giant tech companies have gained a stranglehold on the economy. He singled out Apple, Microsoft, Alphabet, Facebook and Amazon as “monopolies” that crush innovation, making it nearly impossible for innovative new start-ups to emerge.
Shervin Pishevar’s Tweet storm may have something to do with his recent exit from his position at the company he founded, Sherpa Capital. He left to deal with a plethora of scandalous accusations – all of which he has vehemently denied.
Pishevar was also the co-founder and former executive chairman of Hyperloop One.
Gundlach predicts a 3% yield on the 10-year Treasury will spell the end of the bull market https://t.co/iVWb7KCgQ2
— Shervin Pishevar (@shervin) March 18, 2018