In 2011, Shervin Pishevar hit the investing jackpot. Pishevar was a Menlo Ventures partner, and he liked the Uber concept. Shervin liked Uber so much he raised $26 million to get the startup off the ground. That investment paid off in more ways than one for Pishevar. He became an investment guru who seemed to have a magic investment wand. Shervin followed his Uber investment up with a stake in Airbnb, Postmates, Tumblr, and Warby Parker. When those companies hit the consumer market, Shervin Pishevar became a legend in Silicon Valley.
Shervin Pishevar had enough momentum and money behind him to start Investment company in 2013. He was on top of the startup world, but in 2017 he resigned his Investment company position, and he went into the investment underground. Shervin Pishevar’s short stint underground built a fire under him, and he stoked that fire with a 21-hour tweetstorm. Shervin had things to say about the economy, and he didn’t hold back. Even his friends in Silicon Valley were on the tweeting roasting block. Pishevar’s tweet about Silicon Valley losing ground in the startup industry didn’t sit well with some investors. But Shervin wasn’t tweeting to make friends. He was in a circle the investment wagons mode.
The tweet that ripped a hole in stock investors’ hopes was the tweet that made a lot of investors think twice about their portfolios. One Shervin tweet warned investors of a pending stock market crash. That Shervin Pishevar tweeted sent chills down the spine of people who lost money in the 2008 market crash. This new market crash is not just a Shervin Pishevar premonition. The thought that a stock market crash is on the way makes sense to a lot of investors. But in another tweet, Pishevar said all assets need an adjustment. Gold is still appreciating, according to a Pishevar tweet, but the Bitcoin market is in for a major blow up.
1/ Some thoughts on financial storms I seeing brewing ahead. I expect 6000 point drop in aggregate in months ahead. Here’s why.
— Shervin Pishevar (@shervin) February 6, 2018
Investors usually follow the advice of investors like Pishevar. But the stock market is too strong to take a hard fall, according to some investors. That’s the same thing some investors said in 2008.