Shervin Pishevar points out the decline of the Silicon Valley
Shervin Pishevar is a venture capitalist and an angel investor in the United States. He is the former managing director of Sherpa Capital, a venture capital firm that has invested in many tech startups in the United States. Some of the tech startups that Pishevar has assisted in their growth include Airbnb and Uber. Through Sherpa Capital, he has also invested in many startups in the Silicon Valley. For the past few decades, he has been studying the US economy and making investments based on projections of the future performance. It is in this aspect that his opinion about the future of the US economy is regarded as one of the most important among the financial experts in the country.
Shervin Pishevar has made serious projections about the US economy and other financial related matters. Among the issues that he has highlighted include the decline of the economy, bitcoin losing its value and the decline of Silicon Valley as the world’s best innovations hub.
Shervin Pishevar started a tweetstorm that composed of 50 messages explaining his doubts about the performance of the economy and related matters. By his protection, the stock market would lose 6000 points in a few months and would be followed by other tragedies such as the rise of interest rates and inflation. Such factors have a significant say in the direction the economy will take. Shervin Pishevar believes that this is the time for the economy to go down.
Shervin Pishevar also took issue with government measures such as failure to enact the Startup Visa Act which was intended to attract immigrant talent into the United States. Immigrant talent has for a long time played a significant role in the development of the country, but the government seems to turn a blind eye on this fact. During the Obama administration, Pishevar worked with the President in creating this bill although the Congress declined it. From his tweets, Shervin Pishevar suggested that the Silicon Valley was on a path of losing its appeal as the best innovations hub in the world.