Tag Archives: Shervin Pishevar

Shervin Pishevar: Eradication of middlemen is key to frictionless economy

Shervin Pishevar is not yet a household name. But the 44-year-old entrepreneur has become a legend within certain tech circles. He is one of the most renowned venture capitalists in Silicon Valley, having been behind the formation of Virgin Hyperloop, Airbnb, Uber and Social Gaming Network.

But Shervin Pishevar has gained even more fame due to his massive social media presence. The venture capitalist operates one of the most popular Twitter feeds of anyone in the tech world, with more than 100,000 of the most influential people in the field hanging on his every tweeted word. Shervin Pishevar regularly tweets about some of the most important topics facing the nation today.

In a recent 21-hour tweet storm, Shervin Pishevar talked about how the economy of the United States could be improved in the future. He has long been a staunch critic of both excessive government interference in free markets and of too much monopoly power within the tech world. While this may seem like a sort of contradiction due to the fact that it requires government power to break up monopoly power, Pishevar believes that it is not. In fact, the very thing that defines monopolies are the increasing taking on of characteristics and levels of power normally only seen with government institutions. In this sense, says Pishevar, monopolies themselves are a form of government, with even less responsiveness to the public than democratic government institutions.

Regardless of the philosophic underpinnings, Pishevar’s ideas on what implications all of this has for the U.S. economy going forward are fairly simple. He believes that both governments and monopolies are two subtypes of a larger phenomenon that is almost always friction-creating, extractive and wealth-destroying in nature: the middleman.

Government acts as a middleman by taxing consumers, businesses and employees and by constantly interjecting in otherwise free transactions through the imposition of tariffs, regulations and laws. Monopolies fit into this framework a bit more subtly. But they essentially act as friction-creating middlemen when they engage in all of the same activities that define middlemen, namely, extractive rent seeking, creation of inefficiencies and the erection of barriers to entry.

https://www.youtube.com/watch?v=geCtCov15g4

Shervin Pishevar Looks to Continue Track Record of Accurate Predictions

Shervin Pishevar is known for making bold statements regarding the future of upcoming companies, as well as existing entities, and throughout the course of his stellar career, he has been mostly correct. He was an early investor in companies such as Dollar Shave Club, Warby Parker, and Slack, which since that point, have all flourished in their respective industries. For this reason, the business world tends to listen when gives his opinion.

After a two-month hiatus, Shervin Pishevar returned to the social media network, Twitter, to deliver his views regarding a number of prominent business entities, making a variety of controversial statements that, regardless of the particular stance, should be considered by serious investors. In what amounted to over 50 individual tweets, Mr. Pishevar discussed the current state of the United States’ economy and infrastructure, as well as the eventual fall of tech behemoths, Amazon and Google.

One of his most controversial statements in the tweetstorm discussed the steep decline of the stock market, which President Donald Trump has been championing consistently over the last few years. In the upcoming months, Shervin Pishevar believes that the stock market will drop 6000 points, which would be absolutely devastating to the United States economy. A day after he released his opinions via Twitter, the Dow Jones lost 500 points in just 30 minutes due to a huge sell-off, sparking panic throughout the investment world. Shervin Pishevar’s prediction, which seems to be heading toward fruition, moved him to create the hashtag, TrumpDump, as it strongly counters the US President’s recent pronouncements.

Bitcoin, which has been the subject of much debate over the last year, has seen a number of ups and downs, causing it to become one of the most polarizing topics in recent history. The price of Bitcoin recently rose to nearly 20k, before a steep drop off that saw it settle at around 8k, and according to Shervin Pishevar, this trend is likely to continue for some time, but will eventually reverse, albeit in much steadier fashion. In his estimation, this resurgence is likely to happen over the next 24 months, and if history is an accurate predictor, Shervin Pishevar is, very possibly, correct.

https://www.linkedin.com/in/shervinpishevar

https://news.vice.com/en_us/article/qvzgj3/shervin-pishevar-hyperloop-one