Shervin Pishevar’s Concerns about the US Economy

Shervin Pishevar is an Iranian-American super angel investor and venture capitalist. He made his fortune investing early in Uber and other e-commerce brands. He helped found Investment company and Virgin Hyperloop One.

In early February 2018, Shervin Pishevar hopped on Twitter and sent out 50 tweets that spanned 21 hours. These tweets were filled with concerns he has about the economic future of the United States. He also had some grim warnings.

This tweet storm got its start when the Dow Jones Industrial Average took a steep decline and seriously spooked investors. Shervin Pishevar feels that it will go down another 6,000 points in aggregate. He forecasts that this fall throughout the year will knock out gains from 2017.

Back in the late 2000’s, Shervin Pishevar anticipated that Facebook would go through a crisis, which it did. He is not just a guy who is looking at numbers all day. He has successfully anticipated events that would take place in the economy. About the same time, he mentioned that the US should not believe that it could hold onto the American dream in the information age. In his twitter rant, he mentioned that what used to be the American dream is now the global dream. He added that Silicon Valley is not a physical place anymore but is an idea that has gone viral. Talented individuals do not need to come to the United States anymore.

Another point that he made was that entrepreneurs in this day and age can very easily operate across international borders. Cryptocurrency and other tools allow entrepreneurs to more easily conduct business around the world. One of the examples he mentioned was of a train station being built in China in just nine hours.

He did have some positive things to say, particularly about the company he helped cofound, Virgin Hyperloop One. He mentioned this company along with SpaceX, saying that they were moonshots that had potential to do good.

It seems that one of the main points Shervin Pishevar wants to make is that the world is going through a revolution, yet the United States is struggling to stay in the lead.

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