In the year 2008, Shervin Pishevar correctly anticipated that Facebook would go through an eventual crisis. That prediction came true. It seems like he has a knack for predicting the future. He made recent forecasts about the future of the US economy in a 21 hour tweet rant that had 50 separate points about why the US economy was in such a bad state and why the stock market would go down an aggregate 6,000 points in the months ahead.
Shervin Pishevar is a well-known super angel investor. He got his start in Silicon Valley and was one of the first to invest in Uber. He helped to start Sherpa Capital, which not only invested in Uber, but was also an early investor in Airbnb and Munchery, among other companies. At the end of 2018, Shervin Pishevar used his Twitter account to announce that he would be resigning from Sherpa Capital. It wasn’t until the beginning of February that he was heard from again.
Shervin Pishevar made 50 tweets all addressing why the US economy was headed downward. In a couple of tweets, he did have some positive things to say about certain companies, like one that he founded called Virgin Hyperloop One. He also said that SpaceX, a company founded by Elon Musk, was also a moonshot that he anticipates will do well.
One of the ominous forecasts he made is about giant companies in the United States, like Amazon and Google. He says that they are monopolies that are built on a framework that will experience a possible downfall. He said that small towns are just waiting for offices from big companies to open up in their towns, but the fact that they can buy out all small businesses is not good for growth in the US economy. He said it is like when a forest burns down and makes way for new trees. He says it is just how evolution works.
Shervin Pishevar made these predictions after the stock market experienced a dramatic dip in the beginning of February 2018. He basically says that this is just the beginning and that the market will continue to go down by thousands of points in the months to come.