Back in February of last year, Shervin Pishevar, founder of Sherpa Capital, thought it would be a great idea to go on a 24 hour Twitter rant amidst his sexual misconduct allegations. Some say it was to take the attention off of himself and onto the country. Either way, he made some pretty good points in his rant. Some were very far fetched but others turned out to be true. In one of his first tweets, he stated that the stock market was going to see a 6000 point decrease that would collapse the economy. It has been a year since he tweeted that and although we have seen a few scary corrections last year, it was nothing compared to what he projected it would be.
Next, Shervin Pishevar stated that Bitcoin would continue to drop and end up stabilizing in the two thousand to five thousand dollar range. Surprisingly enough, this is exactly what happened. Bitcoin has been bouncing around the three thousand dollar price mark for some time now. Personally, I wouldn’t touch Bitcoin with a ten-foot pole. Cryptocurrency, in general, tends to be very volatile and almost the entire market is driven by speculation.
One great thing that he brought up was the underemployment crisis in America. If you are just graduating college today, the odds of you getting a job directly in your specialized field right out of school are a little less than the flip of a coin. He says this country needs to work to create specialized jobs in good fields. Next, Shervin Pishevar stated that American infrastructure needs to be revamped. I wouldn’t disagree with Shervin Pishevar on this. President Trump has spoken on this issue numerous times, stating that we need to fix our crumbling infrastructure. In the end, Shervin Pishevar made some very valid points in his rant.
Shervin Pishevar ranks among the most successful venture capitalists of the last decade. As the founder and CEO of Sherpa Capital, he has provided critical financing for some of the largest and best-known names in the tech world. Projects on which Shervin Pishevar has played an indispensable role include the founding of Uber, Airbnb and Virgin Hyperloop. As an entrepreneur working on his own, Shervin Pishevar has also founded a number of high-profile and very successful tech firms. These include Ionside, WebOS and Social Gaming Network.
When he isn’t consumed with overseeing his massive tech empire, Shervin Pishevar moonlights as one of the most influential thinkers in the Twitterverse. With a Twitter feed that boasts more than 100,000 followers, Pishevar has the attention of some of the most important thought leaders in the world of technology and beyond, giving him outsized influence even for his own high standing in the world of finance.
One of the issues that will confront the U.S. tech space in the years to come is the fact that Silicon Valley itself has transcended physical space to become an idea. This means that the San Francisco Bay area, according to Pishevar, will continue to see sharp declines in population, including its ability to attract new talent.
Pishevar says that the simple reality is that there are many places around the globe that can easily compete with San Francisco in terms of lifestyle, amenities and cost. For example, Pishevar points out that countries like Vietnam and the Philippines have many places that are arguable nicer, better for businesses and feature more idyllic surroundings than the San Francisco Bay Area. But these places often cost only the tiniest fraction of what living in Silicon Valley costs.
Pishevar says that, increasingly, entrepreneurs from around the globe and even within the United States itself are looking at these other places and all of the telecommuting options that are currently available. And they are consistently choosing to no longer flock to a city where the median home costs in the millions of dollars.