Shervin Pishevar Unleashes a 21 Hour Twitter Rant

Shervin Pishevar has been described as a bear that was awakened from hibernation. Between February 5th and 6th, 2018, he tweeted 50 points that spanned 21 hours making dark predictions about the US economy and expressing other concerns. All of this was in response to a dramatic drop in the stock market.

 

Shervin Pishevar predicts that the stock market is going to continue to go down. He specifically said that he feels it will go down an aggregate 6,000 points in the months to come. The reason why he feels that continued slippage will be seen has to do with increasing credit account deficits and rising interest rates. He also pointed out that tax giveaways were to blame.

 

He is compared to a bear who has been awakened from hibernation because the last time anything was heard from him on Twitter was in mid December 2017. At that time, he announced that he would be resigning from a venture capital fund he helped to found. The fund, Sherpa Capital, has invested in well-known companies like Uber and Airbnb. Not only is he a super angel investor, but he has received many awards and was even appointed to serve as a member of the United Nations Foundation’s Global Entrepreneurs Council. This membership began in 2011 and lasted two years.

 

Another concern that Shervin Pishevar expressed has to do with the entrepreneurial spirit going viral. He mentioned that the United States previously had a monopoly on this spirit and was backed by venture capital and angels. Now, it is a global way. He specifically warned about the frictionless innovation that is flourishing in other countries. He gave an example of a train station being built in just nine hours in China. His basic point is that the American economy is not alone as a leader.

 

Shervin Pishevar feels that the ability that big businesses have to buy out small startup competitors is eventually going to fail the entire system. Companies like Microsoft and Google are built on a monopoly framework. He feels that these large companies will lose some of their influence in the years to come and that some may completely crash.

 

http://www.unfoundation.org/who-we-are/experts/global-entrepreneurs-council/2011/shervin-pishevar.html