In December 2017, Shervin Pishevar used Twitter to announce that he would be resigning from a venture capital fund he helped to start. Since the time he announced this resignation from Investment company, he hadn’t used this social media platform. It seemed that the mic was muted as far as his thought leadership was concerned.
It came as a surprise to many that Shervin Pishevar started a Twitter storm that lasted 21 hours and outlined 50 points on what he anticipated for the future of the US economy, stock market, bitcoin, technology, and much more. The vast majority of his tweets predicted dark days ahead in most of these areas.
Shervin Pishevar had bad news for the stock market. A dramatic drop in the stock market seems to be what caused him to start his Twitter storm. On February 5, 2018, it experienced a drop that it hadn’t been experienced in recent history. While the drop was obvious to everyone, what Shervin Pishevar pointed out is that the situation is not going to get any better. He feels that in the coming months it is going to experience slippage by an aggregate 6,000 points. All gains from 2018 are foregone. He feels that any gains from 2017 are about to be lost as well.
There were not bright predictions for big companies in the United States. Shervin Pishevar feels that big companies, like Microsoft, Apple, and Google, are going to experience some dark days ahead. He says that they will at least experience a loss in their influence. At worst, he predicts that they will completely fall. He describes these big companies as being built on a monopoly framework. These giants have the ability to buy out startups, which isn’t good for economic growth in the United States.
He also has dark news for governmental and financial institutions. He feels that they are about to experience a shift that only happens once every 1,000 years. He says that this is a shift that is connected to stateless digital currencies and will affect these big institutions in a negative way in the decades to come. But he feels that the ability to use new methods of fundraising and digital currency is good for startups.