Shervin Pishevar is a legend in the startup world. Pishevar is one of those angel investors who roams through Silicon Valley looking for startups that need funding. Pishevar found several successful startups when he worked for Menlo Ventures. Menlo Ventures started funding startups in Silicon Valley in 1976. But Shervin Pishevar is the investor who put Menlo Ventures on every investor and startups radar. He was the catalyst behind the Menlo partners investing $21 million in Uber. That investment win solidified his position as one of Silicon Valley’s most successful investors.
Shervin Pishevar left Menlo Ventures, and he started his own venture capital firm a few years ago. Investment company was his venture capital baby, but an unfortunate set of circumstances forced Pishevar to resign as CEO in December 2017. Shervin Pishevar didn’t have investment partners behind him in March 2018 when he decided to let investors know he was still relevant in the investment world. Shervin went on a 21-hour tweet extravaganza and he didn’t hold back.
According to more than 50 Shervin Pishevar tweets, investors will feel some pain in 2019. But that pain started in November 2018 when the stock market took a more than 800-point hit. That’s when investors went back and read Shervin Pishevar’s tweets and realized his premonitions about stock losses and bond issues were real. Mr. Trump’s economic policies may sound good to his voter base, but investors know the backlash from those policies could be financially devastating for them and the country.
The big question that came out of the Pishevar tweetstorm is why Shervin spent the time tweeting about something he couldn’t control. But Pishevar knew Trump was throwing curve balls at the global economy, and those curve balls will eventually hit investors where it hurts.
Most of Shervin’s Twitter followers started making changes in their portfolios last March. But now that some of Pishevar’s tweets are coming true, there is a greater appreciation for Shervin’s foresight in the investment community. But that appreciation isn’t going to help them find the right assets in 2019 unless they lower their expectations, according to a Pishevar.