Long House Studio

Shervin Pishevar Responds to a Drop in the Stock Market

Even the sleepiest bear can be awakened from hibernation if there is a loud enough bang. It seems like this is what happened with Shervin Pishevar. His Twitter account was quiet from mid-December to early February 2018. Then, all of a sudden, he let loose a Twitter storm that included 50 tweets. Most of the tweets had dark predictions for the US economy.

Many know Shervin Pishevar as a super angel investor. He was a cofounder and managing director of the venture capital fund Sherpa Capital. The last tweet that he sent out in mid-December 2017 was to announce his resignation from this fund. This fund invested early in companies like Munchery, Uber, and Airbnb. He is also one of the founders of Hyperloop One.

So what got Shervin Pishevar all shook up? His tweets came in response to one of the most stomach-dropping drops in the stock market in recent history. He says that things are going to get worse before they can get better. In fact, he predicted that the stock market will go down another 6,000 points in the coming months.

About halfway through his 21 hour tweet storm, Shervin Pishevar started to discuss Silicon Valley. This is where he got his start. He says that it is no longer a physical place. Now, it is an idea that has gone viral. He mentioned that entrepreneurship is a movement and is borderless. This is something that is beneficial for other countries. He actually gave an example of a team in China who was able to build an entire train station in just nine hours. However, this idea of entrepreneurship being borderless is not something that Shervin Pishevar sees as being good for short-term domestic economic growth in the United States.

Another concern that Shervin Pishevar raised has to do with giant companies in the United States. He feels that big companies like Google, Microsoft, and Apple are built on monopoly frameworks. He says that they will fall, as they should. The fact that they are able to buy small startup businesses is not good for growth in the US.
http://www.businessinsider.sg/shervin-pishevar-strange-21-hour-tweet-storm-2018-2/