During Winter 2018’s middle, Shervin Pishevar blew onto Twitter with a noteworthy tweet storm. Pishevar, a longtime venture investor, was prompted by a Dow Jones Industrial Average downtown. On February 5, the Dow experienced its largest-ever one-day point drop.
His first tweet of 50 was ominous. “Some thoughts on financial storms I seeing brewing ahead,” he wrote. “I expect (sic) 6000 (sic) point drop in aggregate in (sic) months ahead. Here’s why.”
“In an age when a startup like Brandless can gain serious traction, P&G investors have got to reconsider what it means to be the world’s largest consumer-products company.” cc @brandless @TinaSharkey @idoleffler https://t.co/oz5x4hhqXm
— Shervin Pishevar (@shervin) March 30, 2018
Wall Street’s Many Problems
Next, Shervin Pishevar criticized multiple aspects of America’s investment landscape. “Scurry and scrabble (sic) for safety that is no (sic) where to be found. Every asset class is (sic) has proven to be overvalued.”
The early investor in Uber, PillPack and Airbnb belittled managed-future funds, exchange-traded funds, volatility indices and risk-taking loopholes like those that preceded 2008’s recession.
Silicon Valley Transcends Geography
Additionally, Pishevar reiterated a position he has shared multiple times in the tech-related news media since 2009. “As I’ve said before,” wrote Pishevar, “Silicon Valley is it (sic) longer a physical place but an idea that’s gone viral. Entrepreneurship is a movement.”
Immigration and Infrastructure Woes
Born in Iran, Shervin Pishevar exemplifies the American Dream. Thus, he dislikes Trump-era immigration policy. “But while we build walls (sic) physical and culture (sic) to keep out immigrant talent,” he wrote, “that talent doesn’t need to come here anymore.”
Further, Pishevar shared a link to a news story that covered a construction feat in China. In one night, a team of 1,500 workers built a large train station. “Meanwhile,” noted Pishevar, “our infrastructure is in tatters, decrypt (sic) and decaying. Our government and companies are are (sic) trapped in short (sic) term thinking.”
Modern Ma Bells
The noted investor also criticized the massive power that Alphabet, Apple, Amazon, Microsoft and Facebook wield in America’s tech marketplace. “We’ll have 5 (sic) robber barons destroying one start (sic) up after another,” he forecast.
If America’s leaders heed commentary like that in Shervin Pishevar’s recent tweets, the United States could chart a calmer course through this century’s seas.