In A 21 Hour Long Twitter Rant, Shervin Pishevar Predicts A Drop In Bitcoins Will Slowly Recover

Shervin Pishevar is a co-founder of Sherpa Capital, a venture capital firm. The company is located in San Francisco. The primary focus of the firm lies in its support of emerging companies. They seek out promising companies and provide funding to entrepreneurs.

The company has a good track record and, according to Shervin Pishevar, he values diversity. His staff is made up of a diverse background of people. When he selects the companies that his firm will support, he looks for those that will hopefully achieve global success. Shervin was an investor in Uber and Airbnb, among many others. Shervin launched the company in March of 2013, along with Sherpa’s other founder, Scott Stanford.

In the beginning of this year, Shervin voiced his opinions on numerous topics on Twitter. He went on a 21 hour non-stop rant. He also included some of his personal predictions on financial and other matters. Before this outpouring of tweets, Shervin Pishevar had become unusually absent on Twitter for a long period of time. It was unclear what purpose his ranting served. Based on some of his predictions, his tweets were somewhat negative in nature.

Shervin tweeted his thoughts on bitcoins, the economy of the US, bonds, immigration, and technology today. His prediction about the US economy were somewhat grim, at least for the balance of 2018. He predicted a drop in the DOW stock market by approximately 6000 points. Shervin Pishevar saw this happening in the latter part of the year. He foresees a decline in the economy of the country. His prediction on the future value of the Bitcoin is that he expects a drop to somewhere between $2,000 and $5,000. Shervin expects that the Bitcoin will rise up again to its current value. Is sweeter rant consisted of 50 messages.

In addition to Uber and Airbnb, the company’s portfolio also includes companies such as PillPack, Ipsy, and Slack.
https://asteroidday.org/people/shervin-pishevar/

Shervin Pishevar Warned About Amazon’s Power

Toys R Us is one of the most recent stores to announce it is going out of business. More and more physical retailers are closing because they cannot compete with the online giant, Amazon. Shervin Pishevar, a tech investor and entrepreneur, sent out dozens of tweets in February warning about the power that monopolies have been able to hold.

 

What are the problematic monopolies?

There are quite a few monopolies in the United States with too much power. These include, according to Shervin Pishevar, Amazon, Alphabet, Apple, Microsoft, and Google.

 

Why do the monopolies have too much power?

Shervin Pishevar has a few ideas as to why the monopolies have too much power. Part of it is because people don’t realize just how much power they hold. Another is because the monopolies are buying up all of the emerging startups before they have a chance to serve as competition.

 

If the monopolies continue, it will be the downfall of the economy because consumers won’t have a choice of where they buy.

 

What’s going on with Amazon now?

In 2018 alone, there are a lot of stores closing. Toys R Us is closing all 800 stores while Sears, Sam’s Club, Nordstrom, Macy’s, and many others are closing dozens around the United States. Many of them point to the competition of Amazon when asked why they are closing.

 

In addition to forcing many well-established brands to close, Amazon is also responsible for listening in on conversations according to many reports. The Echo virtual assistant, Alexa, has been accused of listening to conversations and ordering products that no one actually requested.

 

Additionally, Amazon has been busy with a lot of acquisitions lately. Shervin Pishevar likes to call these silent assassinations because the general public doesn’t realize they’re happening. They’re killing small businesses and becoming stronger in the process. Amazon owns such businesses as Imdb.com, Zappos, Audible, Goodreads, and Whole Foods Market.

 

Understanding just how much power Amazon has may open some eyes. If the monopolies are allowed to continue, entrepreneurs won’t stand a chance.

 

http://thisweekinstartups.com/shervin-pishevar-on-this-week-in-startups-212/