When Shervin Pishevar went on a 21-hour tweet storm, he released information on the financial markets that some did not expect. During the storm, Shervin revealed his insight into why he believes a “tectonic shift” is imminent in Silicon Valley.
The technology industry has been on the rise. Some emerging firms such as Airbnb or Uber are using technology to revolutionize the world. These tech firms have changed how the world receives much-needed services. By using enablers such as the internet and handheld devices, these companies have grown tremendously from startups to global giants.
Shervin Pishevar is at the helm of world-renowned tech firms such as Sherpa, Airbnb, Didi, Pillpatrick, Wag, Uber, and many others. He is an investor and thought leader among many other roles he plays in the firms.
During his 50-tweet storm, he let investors and others know why he thinks Silicon Valley has lost its competitive edge to other innovation sectors. He believes the US technology scene faces stiff competition from other similar firms beyond its borders.
In some way, this is true because the internet is now available across the globe. It is now in the past for talented individuals to desire to go to the US in search of greener pastures since they can access the internet at home and innovate to make their lives better. While the US continues to raise the bar higher for individuals wishing to become citizens, the same individuals are continuously innovating new ways to beat the technology giants, most of which are US based.
Shervin Pishevar further propels the idea that in recent times, Silicon Valley is no longer a physical place, but a state of mind. This evolution in technology has brought stiff competition right at the doorstep of some leading tech firms. To remedy this, Shervin Pishevar suggests that noble ideas and resources must blend to tap diverse technological knowledge and talent. Failure to do this, innovators beyond the American borders will evolve beyond Silicon Valley, implying that US will miss out on the future innovations.
Shervin Pishevar’s tweets expose the weaknesses ailing the tech industry in USA and highlight how the economy stands to lose if the weaknesses are not rectified.