Shervin Pishevar made some pretty grim predictions about bonds, the stock market, big US companies, and even governmental institutions by means of Twitter in early February 2018. This was after not having used his account for more than two months. Even though it seems like the mic on his thought leadership was on mute, the axles of his mind were still going. It took a dramatic drop in the stock market to get him tweeting again. And when he did, he really let loose.
Many are referring to the tweets that Shervin Pishevar sent out as a Twitter storm. He sent out 50 separate points in a span of 21 hours. He touched on the topics mentioned above as well as things like immigration, bitcoin, and a few companies that he feels will do well.
Shervin Pishevar is known in the Silicon Valley area because of the companies he has helped to get going and because of the success of his investments. He used one of his venture funds, Investment company, to invest early in Uber. He was even one of their advisors a couple years back.
One of the points that Shervin Pishevar made in this Twitter storm had to do with digital currencies. He referred to them as the ultimate app. When an entrepreneur wants to start a business, they now have a variety of methods to use for fundraising and have different digital currencies to choose from. This is something that is good for the economy because startups can find unique capital and grow. However, Shervin Pishevar has some grim predictions when it comes to bigger financial and governmental institutions. They are going to face a shift that may leave them irrelevant because of this revolution in stateless digital currencies.
This is not the first time that Shervin Pishevar has let his opinions about the future of the US economy be made known. He has spent time fighting for a more transparent society for years. He says in one of the last tweets that he sent out that when the middlemen are irrelevant, then there can be a global economy that is more perfectly efficient and frictionless.
It’s not everyday that a Silicon Valley executive goes on an epic Tweetstorm. However, one early Uber investor decided to tweet for an amazing 21-hours straight. And in that time, this executive talked about everything from the stock market to the future of America’s infrastructure. That executive, Shervin Pishevar, has become the talk of Silicon Valley since his infamous tweetstrom. Below are some of his most outlandish predictions.
The Dow Will Drop 6,000 Points
One of the first predictions made by Shervin Pishevar had to do with the Dow jones Industrial Average. To be more specific, Mr. Pishevar predicted that the Dow would fall 6,000 points. If he is right about that prediction, that would put the blue chip index well into recession territory.
Bitcoin’s Crash Will Continue
Apparently, Mr. Pishevar was in a bearish mood. And he didn’t spare the cryptocurrencies from his sights. After predicting a crash in the Dow, Mr. Pishevar talked about Bitcoin. And he sees the grandaddy crypto coin crashing all the way down to the $2,000 to $5,000 level. That price range would make an almost 90% discount from Bitcoin’s $20,000 high in late 2017.
Silicon Valley’s Days As Tech’s Capital Is Doomed
Perhaps one of the most incredible predictions made by Shervin Pishevar had to do with his hometown. In a later tweet, Mr. Pishevar said that he believes that Silicon Valley will no longer be the capital of the tech world. Instead, start-ups will elect to work wherever they please and will communicate online with their clients, vendors and business partners.
America’s Infratstructure Is Falling Behind Fast
Going a little bit out of his area of expertise, Shervin Pishevar talked for a while about the state of America’s roads, bridges and buildings. He said that America will continue to fall behind to other developed countries. Mr. Pishevar pointed out the fact that the Chinese are now able to build an entire train station in 9 hours as an example of America’s lag in the infrastructure war.
Shervin Pishevar went on to tweet about other subjects including market volatility and Elon Musk. In all, Mr. Pishevar made dozens of predictions. Many Silicon Valley watchers will be keeping track of Mr. Pishevar’s tweets to see which one of his predictions will come true.
Stream Energy is an alternate electricity and power company that was founded by Rob Snyder and Pierre Koshakji in 2005, headquartered in Dallas, Texas. OVer time they have expanded greatly, first to Georgia in 2008, and then throughout the Northeast, eventually offering services in seven states, including Washington D.C. Although they started as simply an electric company, they have since expanded their area of expertise to encompass both home protective services as well as wire communication, a field in which they began work in 2015. It is safe to say that Stream Energy, though in the grand scheme of things, a company that hasn’t been in business that long, has become extremely successful.
A big part of what makes a company great is the things it is involved in within its community. As for Stream Energy, they are passionate about helping others with some of the residuals from their success. The company has built a solid relationship with both Habitat for Humanity and the Red Cross, supplying funds for various projects the two are involved in. Stream Energy also works closely with The Hope Supply Co., who serve the needs of homeless children by providing food, clothing, school supplies and other essentials that the children would not have if not for help from an outside source. Stream Energy has also been involved with Hope Supply Co. in projects such as the “Splash for Hope” project, which brought homeless children to a water park, giving them the opportunity to enjoy their lives in a way they had never done before.
With the vast amount of charities that Stream Energy is involved in, the funding of their own programs should not come as a surprise. In recent years, the company has founded Stream Cares, a company that was highly involved in restoration efforts after Hurricane Harvey.
This month, the Dow Jones reversed all of the gains that were made in the early part of the year. While this has prompted some panic amongst investment circles, proponents such as the President of the United States, Donald Trump, have remained steadfast in their support. The co-founder of Virgin Hyperloop One and Sherpa Capital, Shervin Pishevar, hails from a completely different school of thought, and in a recent return to Twitter, discussed his predictions regarding a bleak outlook for the future of the Dow. In his estimation, the Dow Jones is all set to suffer a significant loss ranging in the thousands, which will occur in the months ahead. This prediction seemed all the more real when, just one day after taking on the entirety of the Twitter business world, the Dow Jones proceeded to lose over 1000 points. Bonds and industrials vacated their safety nets amidst the large-scale sell-offs and underperforming treasury auctions. Over the course of the 24-hour spree, Shervin Pishevar also discussed the state of entrepreneurship and innovation in the United States.
In recent years, Silicon Valley has been home to many of the world’s foremost tech companies, but, according to the startup connoisseur, its ideas are no longer confined to its physical location. Countries all over the world have begun implementing a culture of entrepreneurship, and with the addition of stateless digital currencies, innovation has become a “borderless” commodity. Many minds that would have formally uprooted their lives to relocate to the United States are now staying put in their home countries, while also harvesting their own talent. Shervin Pishevar believes that Silicon Valley is no longer a must-have, and to go with this, is the fact that the five unicorns existing in America today, are doing their part to strangle homegrown innovation. Companies such as Alphabet (Google), Apple, Amazon, Facebook, and Microsoft, are all titans in their respective industries, yet, in recent years, they have begun acquiring smaller companies at a record pace, which grows their own brands, but makes it nearly impossible for competition from the ground up. This same strength will eventually lead to their fall according to Shervin Pishevar.