Investing in Uber prior to the ridesharing service became a known commodity seemed like a risk. Shervin Pishevar looked straight at the risk and didn’t blink. He felt the world was ready to move on beyond the traditional model of the street taxi. Uber may be experiencing ups and downs finance-wise, but the tech-based ridesharing company definitely reflects the future of transportation. Shervin Pishevar maintains a strong understanding of technology and business in general. The entrepreneur has tried his hand at many different business endeavors. Recently, he took his hand and types a lot on his keyboard. The result was a massive 21-hour tweet storm. He covered a range of different topics. Not surprisingly, the tech industry was among them.
A must read for all Americans. https://t.co/BN5NVxJ4I1
— Shervin Pishevar (@shervin) March 19, 2018
Pishevar directed some concern over the size of the growing tech industry. His comments about the “big five” tech companies stressed that these companies created a de facto monopoly. Pishevar notes that breaking up the monopolies of Silicon Valley could be a wise move. As a historical comparison, Shervin Pishevar pointed out the breakup of Bell Telephone, which he refers to by its old nickname “Ma Bell.”
As a venture capitalist, Shervin Pishevar has directed significant amounts of money into Silicon Valley investments. So, his somewhat negative sentiments about Silicon Valley may come off as surprising. Should they really? Since he directed critical funds into tech ventures, Pishevar clearly knows quite a bit about the tech industry and its corporate culture. Perhaps he is someone who knows the proverbial “inside track” about the direction the industry best take. Monopolies aren’t always good for business. Breaking up monopolies can spawn more competition and help the industry thrive.
The tweet storm by Shervin Pishevar did cover a number of other topics. The total number of tweets was about 50. He addressed matters related to cryptocurrency and the stock market. With cryptocurrency, he pointed out some positives and a few negatives with digital currency trading. As for the stock market, he’s more bearish than bullish. In fact, Shervin Pishevar believes the market may be headed for a crash. Could the crash occur far sooner than later?