Shervin Pishevar is a successful angel investor. He helped launch PillPack, Uber and Virgin Hyperloop One. Early in 2018, he reacted to a scary week for the Dow Jones Industrial Average with a tweet storm that comprised 50 tweets and spanned 21 hours.
Wall Street’s Woes
In the spree’s first tweet, Pishevar rolled an ominous ball. “Some thoughts (sic) on financial storms I seeing brewing ahead. I expect (sic) 6000 point drop in aggregate in (sic) months ahead,” he said.
Pishevar warned that investors would discover no safe place to put their capital in 2018. “Scurry and scrabble (sic) for safety that is no where (sic) to be found. Every asset class is has (sic) proven to be overvalued,” tweeted Pishevar.
Further, he stated that similar conditions existed in 2018’s investment marketplace to those that caused 2008’s Great Recession. Most notably, Pishevar declared that a favorite investment class, exchange-traded funds, was over leveraged.
For more than 20 years, Shervin Pishevar has worked in Silicon Valley’s rare air, and he has unique insight into its machinery. Since 2009, Pishevar has held a position he restated during his 2018 tweet storm. “As I’ve said before (sic) Silicon Valley is it (sic) longer a physical place (sic) but an idea that’s gone viral. Entrepreneurship is a movement,” he proclaimed.
A child of Iranian Americans, Pishevar also criticized America’s current immigration position. “While we build walls (sic) physical and culture (sic) to keep out immigrant talent (sic) that talent doesn’t need to come here anymore,” wrote the venture capitalist.
America’s Failing Infrastructure
Also, Shervin Pishevar shared tweets comparing his nation’s infrastructure to its competitors’. “Speed of execution across many sectors from other regions is startling.Very (sic) little of frictions that are becoming systemic fractures here,” he stated.
Pishevar then shared a link to news about a team of 1,500 builders in China that erected a train station in nine hours. “Meanwhile,” he mourned, “our infrastructure is in tatters.”
Now that Shervin Pishevar has shared his forecasts, business and political leaders must decide whether to adjust course through the 21st century’s remainder.