Shervin Pishevar: Tech Monopolies and Reshaping the World

Shervin Pishevar brought attention to the continued growing influence of tech companies. The impact to global and regional economies is enormous. Understand that Shervin Pishevar recognizes the world is already in a modern age. The Internet solidified a globally connected world. What Shervin Pishevar wants the world to become aware of is that the technological revolution is in its early stages.

From a mobile-first world to AI, technology is at the center of human development. Prioritizing mobile interfaces for the world wide web has done much to change the way people interact in their daily lives. This influence has altered the way new products are developed. The popularity of apps and the blazing speed of new cloud based software caused the development community to institute a mobile-first strategy. This results in those with desktop workstations needing to adjust their hard drives to use programs that either previously came standard or were easy downloads.

While putting mobile devices first improves the quality of experiences (i.e. smartphones), it takes away some power from workstations. This is more of a noteworthy statement about the direction tech and society are advancing. Relevance is seen in the next development stage of wearable technology and an AI-driven web that makes personal devices less significant. There are already several projects developing cloud recognition software for users via facial, fingerprints, eyes, voice, etc. that enable interfacing with public devices for personal use. These projects are different from logging in at your local library. An AI driven web that can recognize users, would make owning devices much less significant. Information (especially personal data) would be linked directly to each user.

Issues related to personal information controlled by large organizations has been the subject of much investigation this year. Circumventing account logins for a web system that is fundamentally linked to user identity would make many of these issues irrelevant. By calling attention to tech monopolies and the growing influence of innovation, Shervin Pishevar has made people take notice of the reshaping world. This movement thrives as it empowers individuals in ways never before seen.

Shervin Pishevar believes experimental monetary policies could end in disaster

Shervin Pishevar is one of the most accomplished entrepreneurs in Silicon Valley. He has worn many hats, acting as both the founder of many successful companies and, later, as one of the premier venture capitalists of the last decade. Some of the companies that his firm, Sherpa Capital, has funded in their critical early stages include such names as Virgin Hyperloop, Uber and Airbnb. As an entrepreneur in his own right, Shervin Pishevar has founded names ranging from Inside to Social Gaming Network, one of the largest interactive gaming companies in the country.

Somehow, Shervin Pishevar still finds time to run one of the most-followed Twitter feeds in the tech world. With more than 100,000 followers, when Shervin Pishevar tweets, he often commands the attention of some of the most important thought leaders in the country.

In a recent 21-hour tweet storm, Shervin Pishevar held forth on a wide variety of topics. In particular, he talked about the radical expansionist monetary policies that the Federal Reserve has been following since the financial crisis of 2008. Pishevar believes that the so-called quantitative easing measures that the Fed has been following will ultimately prove to have been little more than a Band-Aid on a gunshot wound, doing more harm in the long run than good.

Pishevar argues that one of the consequences of the Fed’s policies has been the creation of a global asset bubble. He points to the record valuations in the stock market, with a total Schiller P/E ratio currently exceeding 30 and flirting with all-time historic highs. Pishevar says that such lofty valuations have been historically non-sustainable. This means that anyone who currently buys into the market at such elevated prices will have extremely poor prospective returns over the next 10 to 20 years.

At the same time, Pishevar says that the flood of easy credit throughout the country has inflated a real estate bubble throughout much of the nation. This is particularly true in the urban areas located on the nation’s coasts. Pishevar says that the dramatically unaffordable housing prices have prevented young families from forming. This, he said, will have negative ripple effects throughout the economy for years to come.

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