Posts in Category: Financial Experts

Shervin Pishevar Tweetstorm Was Wake-Up Call For Many

Shervin Pishevar is the brilliant mind behind such companies as WebOS, webs.com, SGN and Hyperoffice. That’s just for starters. Today he is known as a giant in his sector and the super angel investor who backed such household names as Uber, Airbnb, Tumblr, Hyperloop One and Munchery.

He was also the co-founder of Sherpa Capital which led the funding for the San Francisco-based BackOps. The latter is a SaaS provider for sales, human resources, back office positions and finances.

He’s worth tens of millions of dollars, so when Shervin Pishevar has an opinion about something, people tend to pay attention. That’s why his recent and massive Twitter session was an eye opener for many. Over a period of 21 hours, Mr. Pishevar unleashed 50-plus tweets on a broad array of topics.

Several Tweets commented on the place where Shervin Pishevar ascended to his lofty position — Silicon Valley. He said that a “tectonic shift” is brewing in this California tech corridor. Silicon valley is fast losing its edge as the world leader in high tech development, he said. Other highly competitive zones are cropping up world wide and these will challenge Silicon Valley for supremacy like never before, he tweeted.

Shervin Pishevar also tweeted some sobering thoughts on the U.S. economy, specifically the stock market. He thinks the time is ripe for a significant downward correction for the markets, perhaps a tumble of 6000 points. There are many reasons — inflation may rise again. Also, the era of cheap money is going away because the Fed will raise interest rates.

He also expressed his grave concerns about the entrenched problem of underemployment, especially among highly skilled doctorate-level professionals and those with advanced technical degrees and backgrounds.

Part of the reason employment opportunities are flat, Shervin Pishevar said, is that the giant entities of Silicon Valley have become monopolies. They’re too big and powerful and are stifling innovation.

All this and he was just getting started. Shervin Pishevar’s Tweetstorm may take months to unpack completely as industry observers await to see how his predictions hold in coming months.

https://csq.com/2016/01/shervin-pishevar-funding-revolution/