Shervin Pishevar is one of the most successful and celebrated venture investors in Silicon Valley. Although he makes mistakes at times, there is no doubt that the majority of his decisions have been proved right. He is known for his investments in companies such as Hyperloop One, Airbnb and Uber. These are just some of the companies he has invested in since cumulatively he has put millions into 60 different companies. He has made investments whereby he identifies brilliant startup ideas and grows with them. He has on several occasions being named on the popular Midas list of venture investors by the Forbes.
Shervin Pishevar predicted that the stock market would experience a 6000 point drop. The financial crisis could be created by factors such as the newly approved tax plan, increasing national debt and the rise in interest rates. All these factors will lead to a financial crisis that will be detrimental to the investors.
Shervin Pishevar also took issue with some of the decisions made by the government. He notes that the US government and the private companies have lost the war on infrastructure to China. China today exhibits prowess in this sector that cannot be compared to the US. Currently, China has a technology that can build a railway station in nine hours.
Shervin Pishevar has expressed concerns over the trend at Silicon Valley where every brilliant idea is bought off by the biggest companies in the country. He has taken note that Facebook, Amazon, Alphabet, Apple, and Microsoft are competing for the next big idea and in the process interfering with the growth of fresh ideas. He warns that unless the country takes aggressive measures to spilt these companies, it will take long before we see another Uber or Airbnb.
He recommends the same measures that were taken against AT&T, which was split up to accommodate other companies in the telecommunication industry. These companies also pose a risk to the economy since they control a large portion of the economy. If anything negative happens to them, they will put the economy at risk. To prevent such occurrences in the future, their monopolistic powers should be shred.