Shervin Pishevar warned that trillions of dollars can “evaporate” in just days or weeks in the form of a rapidly declining stock market. Yes, lots of people have predictions about where the markets will go, up or down. But because it was Shervin Pishevar making these statements in a recent Tweet storm, a lot of people sat up and listened.
Shervin Pishevar is legendary for his ability to correctly flesh out and articulate future trends. His remarkably prescient abilities are what helped make him one of the most successful super angel investors in U.S. history. He was the brain trust behind such behemoths as Uber, Airbnb, Tumblr and SGN. That’s just to name a few.
In addition to knowing where to put his money, Shervin Pishevar created and built from the ground up some of the most innovative business models in recent decades. That includes WebOS, webs.com and Hyperoffice.
Shevin Pishevar also co-founded Sherpa Capital and Hyperloop One. So suffice it to say, when a guy like this launches a 21-hour Tweet-a-thon, it’s almost impossible not to hang on every utterance.
In addition to predicting rough times for the stock market, Shervin Pishevar had gloomy thoughts about the realm wherein he built his career – Silicon Valley. He opined via tweets that he thinks the days of dominance for Silicon Valley may be over. Mr. Pishevar said that competition from other high-tech corridors are arising at points all across the globe. This will challenge the long dominance of Silicon Valley as the world’s premier regime of high-tech innovation.
What else? There was plenty. Shervin Pishevar had harsh words for the giants – Microsoft, Alphabet, Amazon, Facebook and Apple. These entities, he said, have effectively become monopolies. As such, they are stifling innovation and making it extremely difficult for new ideas and entrepreneurs to bring forward new business models, inventions and the “next big thing.”
It may be time, he said, for government regulators to break up these tech giants, just as the government busted up Ma Bell (AT&T) into a series of “Baby Bells” back in the 1980s. It was certainly a twitter rant for the ages.