Shervin Pishevar believes tech monopolies are stifling new startups

Over the last two decades, five major tech companies have come to completely dominate most ecommerce and technology in general. Apple, Google, Amazon, Microsoft and Facebook have become more powerful than even the most rapacious robber barons of the late 19th century could have dreamed of. And now, according to some, they are threatening the very ability of the country to continue forward on a competitive footing in an increasingly globalized and democratic world.

Shervin Pishevar ranks among the most widely respected tech entrepreneurs of the current age. He is the founder and CEO of Sherpa Capital, one of the most successful venture capital firms in the world of technology. He has been responsible for the creation of such names as Virgin Hyperloop, Uber, Airbnb and Social Gaming Network.

Now, Shervin Pishevar says that out-of-control monopolies in the tech space have reached a size and level of power over the markets that is becoming truly pernicious. In a recent tweet storm, which lasted nearly a full day, Shervin Pishevar expounded on some of the concepts that he sees as being increasingly important regarding the abuse by tech monopolies of their far-reaching power.

One idea that Shervin Pishevar has repeatedly hit on is the fact that tech monopolies like Google are now able to stifle innovation before it becomes a competitive threat. They do this with the legal version of the old Mexican plata o plomo, cash or lead. Shervin Pishevar says that the racket works like the following.

A new company comes on the scene with new technology or new methods of carrying out some important process. This company may only exist for a few months to a few years. But if Google or another major tech monopoly sees them as a potential future threat, then they can offer what seems to the founders like a huge sum of money. And, in most cases, it is a huge sum of money.

But this almost always causes the destruction of the company, with the firm ending up folded into some department at Google or Facebook, perhaps discontinuing its operations completely. The real play, of course, was simply to neutralize any future competitive threat.

http://www.pishevar.com/investments/

Shervin Pishevar Mentions Cryptocurrency in Tweet Storm

Cryptocurrency stands as a bizarre investment vehicle to many long-time currency traders. With so many legitimate foreign government-backed currencies, why would anyone take a risk with “virtual money?” Bitcoin fans’ rationale roots itself in an understandable motivation. They feel cryptocurrency could increase massively in price. Anyone who buys low right before the price takes off might walk away with an incredible profit. Recent Bitcoin history does reveal people who made a fortune in the Bitcoin market. One person’s success does inspire other investors. Shervin Pishevar, however, warns people are thinking about putting their money into the Bitcoin realm.

Shervin Pishevar commented on the wild world of Bitcoin in a massive tweet storm in the winter of 2018. Cryptocurrency wasn’t the only topic the former Uber investor and current Virgin Hyperloop One pioneer opted to discuss. Pishevar’s background as a tech investor shows he isn’t shy about putting money into risky endeavors. He also doesn’t haphazardly make investment decisions either. Shervin Pishevar wants people to look at the broad picture of Bitcoin investing before they make any moves. Rushing to put money into any investment venture could lead to regrets.

Shervin Pishevar thinks Bitcoin might suffer a severe crash. Price crashes mean losses. That said, he also feels the price of Bitcoin could somewhat bounce back and stabilize. Granted, all this is one man’s opinion. Considering Shervin Pishevar’s background, hearing what the man has to say becomes worthwhile.

Pishevar does note something interesting about the value of cryptocurrency. Cryptocurrency presents a means by which money crosses all borders. It doesn’t find itself locked into the fortunes and misfortunes of a nation’s economic situation. The free-flow of a new currency brings forth a sense of wonder. Concerns arise as well. Cryptocurrency represents an unregulated industry. Lack of regulation brings forth risks. The opposite may turn out to come true as well. Nations could end up overregulating cryptocurrency, which could hinder investors.

https://www.huffingtonpost.com/author/shervin-pishevar