After hibernating for nearly half an year, Shervin Pishevar came back on Tweeter with a 50-message rant on the declining economy in the United States. He talked of different things ranging from the stock market to Bitcoin and space exploration. Shervin is a renowned investor and a business person. Therefore, his tweets got a lot of attention from his followers and the business community at large. Below are some of the most exciting pieces of the 21-hour Tweeter storm.
The United States is losing to emerging powers like China especially in infrastructure
Shervin noted that China had several examples of the increased speed of execution. One of the cases is the train built in nine hours. Pishevar lamented that the US infrastructure was in tatters and that companies and the government were trapped in short-term thinking. Shervin Pishevar singled out the Virgin Hyperloop as well as SpaceX as exceptions to the decaying infrastructure and short-lived thinking rule. He said that teams here were pushing for something on the long-term.
The five biggest US companies will continue to hold too much power
Shervin Pishevar lamented that the Silicon Valley had given the monopoly to five biggest giants, which are the Alphabet, Apple, Microsoft, Amazon, and Facebook. He added that these companies always stifled startups that seemed to challenge their status quo. Therefore, firms in the States are holding too much power, and the trend is not ending anytime soon. According to Pishevar, Uber was the giant that was able to eke out before things got out of hand.
Entrepreneurs can now raise capital beyond the borders
These days, the digital currencies have altered the way entrepreneurs raise their money. They need to choose the currency and get the funds. The new methods of fundraising make it easier for any company, whether large or small, to find different capital and grow. Shervin Pishevar rants are a wakeup call to the economy players. He believes that the market is asleep and oblivious to tell-tale signs of difficult times ahead. A good number of warnings may come to pass, and some of the advice given may prove useful.