For 21 hours between the days of February 5th and February 6th, 2018, Shervin Pishevar let loose a Twitter rant that had some dark predictions for the economy in the United States. This came in response to a decline in the stock market that was stomach-dropping. He says that there will be more slippage in the months to come. In fact, he predicts that the stock market will go down another 6,000 aggregate points.
Some may have been surprised to see Shervin Pishevar sending out so many tweets considering that he hadn’t tweeted anything since mid-December. His last tweet contained an announcement about his resignation from Sherpa Capital. This is a fund he helped found and was one of the early investors in Uber. Shervin Pishevar actually served as an advisor to Uber for a couple of years.
In addition to predicting that the stock market would continue to see more slippage, he also commented on several other things, including immigration, bitcoin, big US businesses, and more.
In one of his tweets, Shervin Pishevar gave an example of a group of individuals in China who were able to build a train station in just nine hours. The reason why he gave this example was to prove that the idea of the American entrepreneurial spirit has become the global way. In years past, individuals from China and other countries who had ideas and needed backing to get them off ground would have to go to the United States. They no longer need to do so. Entrepreneurship is a movement that is now borderless. This could prove bad for short-term economic growth in the United States.
Shervin Pishevar referred to companies like Google, Microsoft, and Apple as giants that are built on monopoly frameworks that will fall. He says that they should because this is how evolution works. He said that there is a collective blind eye to the power that these big companies hold because they are able to buy out small startups. This is also something that Shervin Pishevar sees as a negative thing for growth in the United States. In the best case scenario, he feels that they will at least lose their influence.