Shervin Pishevar Doesn’t Like Where the American Economy Is Headed

In February 2018, Shervin Pishevar decided to vent through social media. Specifically, he spent 21 hours posting to Twitter about a variety of economic topics. These topics ranged from the future price of Bitcoin to why Elon Musk is the only true visionary left in the United States. Let’s take a closer look at these and some of the other points that he made during his Twitter rant.

Put Your Money In Gold

If you are looking for an investment that is going to remain relatively stable in 2018, you should put your money in gold. This is because the price of Bitcoin could fall all the way to $2,000 before it shows any signs of stabilizing and rising in value again. Furthermore, the stock market is likely to lose 6000 points before it finally stabilizes and potentially starts to gain ground again.

We Need Long-Term Plans to Maintain Our Global Superiority

Shervin Pishevar is critical of the fact that the government in the United States does not prioritize long-term thinking over short-term gains. However, he does believe that Elon Musk is one of the rare visionaries that remains in the United States. Shervin Pishevar points to Musk’s work with SpaceX and with the Boring Company as proof that he is able to create things that will have an impact on future generations.

Large Companies Have Too Much Control

Shervin Pishevar is also critical of the fact that several large companies have so much control over the startup landscape in the United States. He believes that Uber is likely the last true American startup business that will be able to transition from startup to mature business.

Because there is so little competition as it relates to startups in the United States, it is likely that fewer companies will be founded in Silicon Valley while more will be founded in other countries. Ultimately, this may result in California losing its place as the dominant spot to start new companies.

Shervin Pishevar says that cryptocurrencies aren’t nearly as safe as some may think

Over the last few years, there have been dozens of initial coin offerings, also known as ICOs. While many of these have shown short-term explosions in value, a large number of them have subsequently collapsed, leaving investors who were unlucky enough to escape in time with nothing. In fact, the entire history of cryptocurrencies, starting with Bitcoin, has been one of stomach-wrenching volatility and fortunes being won and lost overnight. Within this backdrop, the rash of dozens of ICOs has added an increased element of Wild West wildcatting to an already extremely risk-soaked market.

But risk itself doesn’t make an entire industry inherently illegitimate, although there is an argument to be made that risk that is not widely understood by the investors can amount to ipso facto illegitimacy. Shervin Pishevar, one of the most renowned venture capitalists in America and an expert in the financing of high-tech ventures, has stated that the world of cryptocurrencies, while not fraudulent by its nature, is skirting the line between outright fraud and outsized risk. The problem, Shervin Pishevar says, is that, in many cases, that line is clearly being crossed.

Shervin Pishevar points out the most obvious example of this: Over 10 percent of all ICO proceeds have been flat-out stolen by hackers. In addition to that theft, billions of dollars in cryptocurrencies have been stolen from exchanges. In some cases, the people overseeing those exchanges have been implicated. Shervin Pishevar says this has cost crypto investors billions of dollars and is evidence of outright fraud.

But he points out that it is in the areas that are harder to discern where the real risk of being caught up in a bona fide fraud investigation becomes an issue for investors. Shervin Pishevar says that ICOs themselves are likely non-compliant with current SEC laws. He says that this is a major problem, in itself, for investors in those offerings. But he says that in ICOs where obvious fraud is coupled with major investor losses, the chances of SEC action is high. This, he says, is likely to lead to claw back of all investor profits.

The Entrepreneurial Success Of Robert Deignan

Robert Deignan is part of a small group of people that have achieved financial freedom and independence through the means of creating their own business venture. Robert is the CEO and co-founder of ATS Digital, a digital support company. The company helps its customers solve a variety of technical problems through the means of remote assistance. He was born in Fort Lauderdale and has attended Purdue University on a football scholarship.

Robert managed to play professional football. He played for the Miami Dolphins and the NY Jets in 1997 and 1998. His first business venture was the founding of Fanlink, Inc. The inspiration for ATS Digital came from one of his old jobs as a technician that helped people solve malware issues. Malware products were blocking the Anti-Malware products that Robert was using and so they decided to solve the issue by remotely connecting to the customer’s machine and remove the Malware that was blocking the Anti-Malware. Robert took the remote strategy and applied it to his own business venture. ATS Digital had great success through the implementation of this strategy.

According to Robert Deignan, the one strategy that has helped him grow his own business is the discernment of business partners. He warns to not just look for an investor that can provide money but to look for an investor that also has influence on other businesses that can help benefit your own. An entrepreneurial challenge that he has learned to overcome is the hiring of certain employees. If an employee does not fit in with the company culture, he has learned to let them go.

As a business owner and entrepreneur, Robert does not like to micromanage but prefers to let the people do their job. If he has to micromanage, then they are not a good fit for his company. His company is full of people with positive attitudes and people that actually want to make a difference. Robert has filled his company with hard workers that he knows will get the job done. He has learned that just because a person is qualified to work for him, it doesn’t mean that they are a good fit for the company culture.