Shervin Pishevar is a very well-known venture capitalist and the co-owner of Uber and Sherpa Capital. He has an investment firm that is behind some of the more well-known companies of this time including Airbnb and WebOS. Not too long ago, he had to step down as the CEO of his own company, Sherpa Capital, amidst allegations of sexual misconduct with another employee there. His decision to step down was a big one and he claims to have done it to save his company. However, just months later he decided to go back to work once the allegations against him cooled down.
Not known to stay quiet for too long, Shervin Pishevar abruptly and surprisingly went onto his Twitter account earlier this year and gave his followers an almost day-long rant fest to enjoy. He went on about all sorts of topics from Bitcoin and the stock market crashing to the state of bonds and our economic climate.
A couple of the tweets from Shervin Pishevar went into detail about how he feels the debt markets of our country are becoming quickly unsustainable. He went on to talk about the fact that there is too much corporate borrowing going on and that our yields are at an all-time low. Overall, he feels that currently there are no safe bets for investors.
Shervin Pishevar is not bullish when it comes to the short-term. One of his most noticeable tweets had to do with the fact that he predicted a sharp drop of more than 6,000 points in the stock market in the coming months. That loss would have taken down more than 20-percent from the stock market as a whole.
Death Of California’s Silicon Valley
Shervin Pishevar is also the co-founder for Virgin’s Hyper Loop One. During one of his rants, he went on to say that “Silicon Valley” is now more like a concept than an actual place. He feels that the concept is more of an “idea” which has gone viral in this technological age. With our technology and advancements, the idea has moved beyond our borders and Silicon Valley can be a reality for anyone no matter where they live.