Shervin Pishevar is one of the most renowned venture capitalists in Silicon Valley today. As the founder of Sherpa Capital, he has been involved in the founding and incubation of some of the top companies in the tech space. Names like Uber, Airbnb and Social Gaming Network are just a typical day’s work for the dynamic Shervin Pishevar. He has also personally founded a number of successful tech startups, including WebOS, Ionside and the company that would become Virgin Hyperloop.
Aside from his busy daily routine of conquering the tech world, Shervin Pishevar somehow manages to find time to operate his Twitter feed, one of the most popular of any venture capitalist. He has garnered nearly 100,000 followers, giving him ample influence and genuinely making him a thought leader among his peers.
Recently, Shervin Pishevar unleashed a tweet storm for the ages. In a nearly 24-hour barrage of tweets, the inveterate entrepreneur held forth on topics ranging from the proper role of central banks to the nature of the future tech economy. One of the topics on which he tweeted was the dangers that face the nation as some of the top tech monopolies consolidate ever more power.
Gundlach predicts a 3% yield on the 10-year Treasury will spell the end of the bull market https://t.co/iVWb7KCgQ2
— Shervin Pishevar (@shervin) March 18, 2018
Pishevar has said that the Trump tax plan, whatever its merits to the larger economy, has one distinct and inarguable drawback; it is giving even more power to the Big Five tech monopolies of Google, Facebook, Amazon, Apple and Microsoft. He says this is happening as a result of the massive repatriation of corporate profits, which are now being taxed at a significantly lower level than previously. This has caused the big tech monopolies to gain even more power relative to their struggling competitors.
Pishevar cites the recent competition to attract an Amazon second headquarters to cities across the country. He says that the huge concessions that towns and cities were willing to grant such a megacorporation are a somewhat stark reminder of how much power some of these tech companies wield. He says that such offers would never even be considered for mom-and-pop small businesses. Yet tech monopolies, already immensely powerful, get the royal treatment.