Trying to identify the startups that turn into capitalistic giants takes patience, understanding, and gambler’s wisdom. Most people think gamblers rely on luck more than knowledge and experience to make money. But Shervin Pishevar, the angel investor behind Uber, Hyperloop One, Postmates, and Airbnb, knows there is no luck. Pishevar’s investment successes weren’t hit-or-miss decisions. He spent a lot of time researching the consumer market. And he studied data and compared notes with other investors before he put $21 million on the line to help fund Uber.
Shervin Pishevar knows how to be a successful entrepreneur. But like all entrepreneurs, he had his fair share of challenges. When he had to resign his Investment company CEO position, Pishevar went underground to heal his wounds. But that didn’t last long. Last March, after two months away from the investment world, Shervin Pishevar rose from his self-inflicted wounds and started tweeting.
Mr. Shervin Pishevar’s tweets weren’t the usual shady Donald Trump kind of tweets. Pishevar wanted to warm investors that 2018 would not be a great year for stock market investors. One of his tweets warned investors that the market would do an about-face in 2018. That about-face would be the start for a 6,000-point incremental drop in the stock market. The stock market gave Shervin Pishevar the information he needed when it experienced the second biggest one-day loss in stock market history, last February. But the market rebounded by the time Pishevar’s tweet hit the Twitter feed.
But now that investors see the challenges that Shervin saw in March, his tweet rant seems like fact, not fiction. The stock market experienced its third biggest one-day loss in history in November. According to Wall Street analysts, more losses are on the way.
According to a Pishevar tweet, it’s not just stocks that need a dose of reality. Bonds aren’t going to protect investors when the market goes south. And he thinks Silicon Valley won’t be the startup capital of the world forever. In fact, other countries have a stable of startups that will breakdown Silicon Valley’s stranglehold on startups, according to Shervin Pishevar.