Shervin Pishevar is an accomplished venture capitalist. He helped Uber and Airbnb launch toward great success, and he has provided angel investment to dozens of other innovators. On February 5, 2018, Pishevar unleashed a tweet storm upon Twitter that garnered media attention.
Down Goes Dow
After the Dow Jones Industrial Average experienced its worst-ever point drop for a single day, Pishevar initially forecast additional falls. “I expect (sic) 6000 point drop in aggregate in (sic) months ahead,” he said in the spree’s first tweet.
Pishevar gave reasons for that predicted drop, as well. “Scurry and scrabble (sic) for safety that is no where (sic) to be found. Every asset class is has (sic) proven to be overvalued,” he tweeted.
Chiefly, he dislikes volatility indices. Through several tweets, Pishevar warned that this type of financial vehicle exists to create the sort of risk-taking loopholes that begot the previous decade’s Great Recession. Further, he advised that one popular volatility-index classification, the exchange-traded fund, is wildly over leveraged.
Tech World Shifts
Nine years ago, Shervin Pishevar published an essay that detailed his thoughts on the technology-innovation sector’s changing epicenter. During this year’s tweet storm, he reasserted his stance. “As I’ve said before,” he stated, “Silicon Valley is it (sic) longer a physical place but an idea that’s gone viral. Entrepreneurship is a movement.”
In the next tweet, Pishevar, a son of Iranian immigrants, critiqued current American immigration policy. “But while we build walls (sic) physical and culture (sic) to keep out immigrant talent (sic) that talent doesn’t need to come here anymore,” Pishevar wrote.
Frustrating American Infrastructure
Shervin Pishevar also highlighted America’s flagging infrastructure. “Speed of execution across many sectors from other regions is startling.Very (sic) little of frictions that are becoming systemic fractures here,” he tweeted.
Next, he offered a link to a news story, which detailed a work crew’s success in China. In one night, the 1,500-person crew built a large train station! “Meanwhile,” noted Pishevar, “our infrastructure is in tatters.”
Via his storm of tweets, Shervin Pishevar has detailed America’s economic woes. Now, leaders must decide whether to change course.