Shervin Pishevar used Twitter to express deep concerns he has about the future of the US economy. He feels that the stock market will crash and that big businesses in the US will soon be losing a lot of their influence. Over the course of 21 hours, he sent out 50 tweets that gave a variety of reasons why he feels like the system as a whole will get worse before it gets better.
It was an overall dry winter for Shervin Pishevar as far as Twitter was concerned. He hadn’t been heard from for more than two months. The last tweet sent out was in mid December when he announced that he would be resigning from Sherpa Capital. Shervin Pishevar is one of the founders of this venture capital fund and spent time as a managing director of it. This venture capital fund was one of the early investors in Airbnb.
Should Americans take Shervin Pishevar’s prediction seriously? Well, it seems like he has a knack for predicting the future. About 10 years ago, he predicted that Facebook would experience an identity crisis, which it did. Additionally, he is not just some guy who looks at numbers all day. He has received awards and recognitions from the US government and other organizations. He has had much success as a super angel investor and in getting different companies off the ground.
Shervin Pishevar feels that an economic disaster can lead to a new type of economy. Throughout the 50 points he made in his Twitter rant, he warned that inflation was spreading and that the stock market would crash. He feels that big funds will bite the bullet as the stock market crashes and that tools the government typically uses to reset the market are not to be trusted.
Shervin Pishevar gave an example of individuals who built a train station in China in less than 10 hours. He mentioned this example when talking about the idea that entrepreneurship is now borderless. Individuals who used to come to the United States to get their ideas off the ground no longer need to do so. While this is good for individuals in other countries, he feels that it is bad for the US economy.