Super angel investor Shervin Pishevar has a warning for us. He says a cadre of giant companies — Microsoft, Amazon, Alphabet (owner of Google), Facebook and Apple — have been allowed to become way, way too big and powerful, and that’s not good for anyone.
It’s just one of the pronouncements that Shervin Pishevar unleashed in a recent epic Tweetstorm that raged from some 21 hours and which rolled out one monumental proclamation after another.
Why should anyone care what Shervin Pishevar thinks? Well, this Iranian-born naturalized American citizen just happens to be one of the most successful high-tech entrepreneurs in American history. He has backed some of the biggest names, including Uber, Airbnb, Warby Parker, Tumblr, Machine Zone and more.
Thank you Larry Ellison for defending @elonmusk
"He's landing rockets on robot drone rafts in the ocean and you're saying he doesn't know what he's doing. Well, who else is landing rockets? You ever land a rocket on a robot drone? Who are you?" https://t.co/lERmntsJ9t
— Shervin Pishevar (@shervin) October 26, 2018
Shervin Pishevar was the creator of WebOS, a groundbreaking company that made cloud computing possible. He was also the co-founder of Hyperloop One and Investment company. And we’re just getting warmed up. Suffice it to say that Mr. Pishevar has blazed a path across the high tech world like few others.
That’s why the dozens of topics he touched upon in his Tweetstorm created a minor media sensation. When Mr. Pishevar Tweeted that the stock market was due for a significant downward correction, a lot of people got nervous. It remains to be seen how prophetic this prediction will be, however.
Shervin Pishevar not only suggested that giants like Apple, Microsoft and Facebook should get the Ma Bell break-up treatment, he also posited that the days of dominance of Silicon Valley may be over. He said that Silicon Valley is now “more of an idea” than a location. This suggests competition in high tech will continue to arise at other locations around the globe, challenging the long reign of the California tech corridor.
Shervin Pishevar discussed the curious reality that increases in wages have remained stubbornly flat for years now, despite tremendous profit gains on the corporate level. So why is the Federal Reserve raising interest rates? Pishevar suggests the Feds “may know something we don’t.”
It was a remarkable 21 hours and a Tweetstorm for the ages.