Shervin Pishevar is one of the most-informed persons about the US economy. After years as a venture capitalist and angel investor, he has learned a lot about economic and financial matters. He is, therefore, one of the people who deserve respect when they give out opinions about matters related to the industry.
At the beginning of the year, he came out strongly on the social media and put up a strong message regarding the US economy and other matters of concern to people in the financial industry. The main message he was passing through is that the US economy is under siege and could tumble in the coming months. All indicators of a declining economy are all green, meaning we could be heading for hard times economically.
Shervin Pishevar has spent many years in Silicon Valley, and therefore matters of tech innovations are not new to him. California has for a long time dominated the global tech innovations field. Today, Pishevar believes that it has lost its competitive edge. The Silicon Valley of today cannot be compared with the past. There are no longer breathtaking innovations coming out of the valley, and if there are some, it is not the only place that is coming up with such ideas. The ideas of the Silicon Valley has been turned into an intangible substance. It is no longer about the physical location, but an idea that is implemented by many countries across the globe. Shervin Pishevar describes the Silicon Valley ideas as borderless. The United States can no longer control the major innovations in the world.
Shervin Pishevar has raised issues with the way the United States is approaching its infrastructure growth. He is warning that the country is on the verge of losing to China which is doing very well in terms of infrastructural development. He gives an example of a railway station in China which is built in nine hours. He believes that the infrastructure planning of the government is very poor and cannot compete favorably with China. He adds that the government and American companies are still engaged in short-term thinking on matters of infrastructure.