Consider that Iranian-American super angel investor Shervin Pishevar was the keynote speaker at President Barack Obama’s 2008 Summit on Entrepreneurship in Algeria. He was also one of 10 members of the United Nation’s Global Entrepreneur Council.
That would suggest that Shervin Pishevar is a man with views on business and world economics that are highly valued. So when such an esteemed personage goes on an intense 21-hour Twitter rant, people tend to listen, even if what’s being Tweeted seems downright outrageous.
— Shervin Pishevar (@shervin) October 25, 2018
Mr. Pishevar had been relatively silent on on Twitter account for months. Then, suddenly, the Twitter floodgates opened and Mr. Pishevar spilled forth with dozens of observations. He talked about everything from the fundamentals of the economy and cryptocurrency to the fate of Silicon Valley and the “death” of inflation.
About inflation — Shervin Pishevar said that America has essentially solved its inflation problem by “exporting” it to other countries via trade policy. He pointed out that mainstream economists have been making one erroneous prediction about inflation after another. None of their forecasts have ever come true. So is inflation a relic of the past for America? Time will tell.
What about Bitcoin? Shervin Pishevar says the cryptocurrency has been wildly overvalued of late. He thinks it price will plummet, but also that it may stabilize at a value of perhaps $2,000 to $5,000.=
Shervin Pishevar had much to say about Silicon Valley — a place where he himself made a fortune backing an array of high tech start-ups. The opinions of Pishevar Tweeted about Silicon Valley paint a rather dire picture for this vaunted California corridore of extreme innovation and advanced tech advancement. In short, Shervin Pishevar thinks the best days of Silicon Valley are well behind it. He said Silicon Valley has become more of an “idea” than a specific location.
Pishevar also threw some shade at such giants as Microsoft, Amazon, Alphabet and others. He said these behemoth business models have been allowed to become too big and powerful. That stifles new innovation from “the small guy,” and this ultimately hurts all entrepreneurship and innovation.