Born in 1974 in Tehran, Iran, Shervin Pishevar eventually rose to great prominence as a venture capitalist and entrepreneur. His Sherpa Capital fund is somewhat legendary since Airbnb and Uber represent two high profile investments. Yes, Pishevar puts great emphasis on investing in technology. He sees another value in tech though. After engaging in a 21-hour tweet storm, Shervin Pishevar displays a belief that social media and technology serve as valuable communication venues.
Tweet storms involve using Twitter to fire off one tweet after the other. The multiple tweets usually connect back to a single theme, but this is not always the case. Shervin Pishevar covered many topics during his tweet storm. Bitcoin, the tech industry, and the stock market were among the issues addressed. Although the categories are diverse, they share the common theme of finance. People put money into tech, stocks, and cryptocurrency to make more money. Pishevar presented a few red flags to people with overly optimistic outlooks.
I became a venture capitalist in mid -2011. I’ve never had an investment go public. After 8 years of investing, appears ~6 or so of my investments might go public in next 12 months. Patient capital is the best capital. Founders & companies need time to till their gardens
— Shervin (@shervin) March 25, 2019
Pishevar warned his followers about possible crashes in the stock market and Bitcoin world. The market experienced volatility, but has shown upward movement in recent weeks. Bitcoin, however, proved to be a disaster in 2018. 2019 isn’t looking too bright either. The value of Bitcoin crashed massively.
The tech industry isn’t the financial powerhouse investors once thought it to be. Apple and Facebook both reveal the dangers of putting too much faith in any tech enterprise. Shervin Pishevar takes his criticism of the tech industry beyond discussions about investments. He worries about the power tech companies continue to amass. He even wants the government to step in and address the monopolistic aspects of the top five tech companies.
His choice to employ Twitter — and launching into a many-hour tweet storm — confused members of the financial media. They don’t share Pishevar’s enthusiasm for Twitter. Perhaps they would prefer he issued a generic, old-fashioned press release.
Opting for a tweet storm shows Pishevar is a forward-thinking entrepreneur. He knows he can reach a more receptive audience through accessing the social media platform. And his actions did lead to coverage on top news websites.