Shervin Pishevar tweeted about 50 times in the span of almost 24 hours to share his wide-ranging theories about the future of the U.S. economy. His tweets have been analyzed by many who study market trends and currency valuations as well as those who are looking to invest in various tech start-ups. While Shervin Pishevar mostly provides dire warnings about the consequences of failing to properly regulate the tech industry, the good news is that many of his predictions have viable solutions. For potential investors who are not restricted to exploring only U.S. companies, Shervin Pishevar thinks the future is bright for tech innovation abroad.
The major reason why he has little optimism about the future of tech innovation in the U.S. is that he thinks the field is completely saturated and dominated by five giant tech companies. There are few restrictions on the de facto monopoly that these companies currently have. This makes it almost impossible for young entrepreneurs to start another tech company, such as Uber. Shervin Pishevar was an early Uber investor and has enjoyed many successes ever since in selecting tech start-ups to invest in.
He explained that Silicon Valley used to be pretty much the only place where budding tech entrepreneurs would gather to launch their start-ups and network with potential investors. There is now a global platform to do so, and innovators need only an internet connection to start building out their ideas. According to Shervin Pishevar, all of the time and money spent keeping immigrants out of the country will eventually backfire because they will simply take their talents and energy and generate business elsewhere, including online. Thus, the U.S. will slowly but surely experience a decline in its prestige as the place to be for successful start-ups to build their brand and connect with investors.
So proud of this incredible milestone and so grateful to our amazing @RenttheRunway team!! This is just the beginning…..🦄 🚀 Rent the Runway Now Valued at $1 Billion With New Funding https://t.co/BAHn7I2Ja4
— Jennifer Hyman (@Jenn_RTR) March 21, 2019
One of the first things to suffer as a result of the global shift in innovation will be the pillars of infrastructure. Without more government investment in our bridges and roads, Shervin Pishevar warns that the U.S. will lag even further behind China for decades to come.