Shervin Pishevar is one of the big players in the Silicon Valley area. He is an entrepreneur and investor who has seeded at least 60 companies. He has founded and co-founded several companies, including Virgin Hyperloop and Sherpa Capital. In the early 2000’s, he served as a strategic advisor and board advisor to Uber.
On February 6, 2018, Shervin Pishevar used Twitter to send out 50 separate points on why he felt that there were dark days ahead for the US economy. He had especially dark predictions for the US stock market. It was actually a dramatic drop in the market that caused him to begin his twitter rant. This tweet storm lasted 21 hours and predicted that the stock market would see another dramatic drop in the months to come. He specifically mentioned that he felt it would go down an aggregate 6,000 points.
Not only does Shervin Pishevar feel that the stock market is in for some dark times, but he also feels that big companies in the United States, giants like Amazon and Google, are in for some tough times ahead as well. He feels that they are going to definitely experience a decline in influence or even a complete fall. He mentioned that the value of gold would rise, but that bitcoin would experience a decline and then rise in the years to come. He touched on technology and immigration throughout the tweet storm as well.
Shervin Pishevar mentioned that Silicon Valley is not as exclusive as it once was. At one time, it had a stronghold on talent and ideas. However, he feels that it is no longer something to rely on. The idea of the entrepreneurial spirit being the American way and backed by venture capital and angels is just not what it used to be. It is now the global way. He tweeted that the US builds physical and cultural walls to keep immigrant talent out, but that talent doesn’t need the US anymore. He cited an example of a team of individuals in China who were able to put together a train station in only nine hours.
— KMOV (@KMOV) May 24, 2018