The future of the US economy does not hold much promise as far as Shervin Pishevar is concerned. The early Uber investor boldly aired his grievances on a Twitter rant that went on for close to 21 hours. He is no stranger to controversy and hardly shies off from speaking his mind or airing his grievances. This statement marked his first appearance in the public domain after stepping aside from Sherpa Capital.
Sexual misconduct allegations were raised against him resulting in his exit from a firm he had worked to establish from scratch. This took place back in mid-December 2017. The 50-messages relayed his thoughts on different aspects of the economy including bonds, immigration, SpaceX, and bitcoin.
The impending decline of bitcoin was top on his agenda. As far as he was concerned investors in that sector will have to count their losses but a turnaround would be experienced in a couple of months. Shervin Pishevar is a seasoned venture capitalist and is well versed in investment matters.
The diatribe began with a promise from Shervin Pishevar who intended to describe the forthcoming storm in the financial sector. The stock market would be the greatest casualty as he anticipated a 6,000 point drop. California’s Silicon Valley was not spared either and he felt that its demise was imminent. Tech innovation would soon be a preserve of a different state altogether.
After tendering his resignation from the firm on Twitter, Shervin Pishevar gave social media a wide berth leaving everyone guessing about his next move. He pegged his decision on a desire to see Sherpa Capital maintain their productivity and upward trajectory in spite of his personal problems. Having worked hard to get to where they were it made no sense to allow baseless allegations to stand in the way of the success of the firm. Not even his combative enemies would be given that privilege. Anyone looking to get back at him would have to do so without dragging the firm into their dispute.
Numerous commentators did not find his arguments strange as he is not a man of few words. The only problem was that most of them could not clearly point out what he had in mind with the rant that went on for a couple of hours.