You may not have heard of Shervin Pishevar. But the entrepreneur and venture capitalist is one of the central figures in the world of Big Technology. As the founder and CEO of Sherpa Capital, Shervin Pishevar has been involved in the creation of some of the biggest names in tech. Companies in which he has played a crucial early role include such names as Virgin Hyperloop, Uber and Airbnb. Additionally, Shervin Pishevar has himself founded a large number of companies using his own financing. Firms that Shervin Pishevar has personally founded run the entire gamut of technology realms and include names like WebOS, Inside and Social Gaming Network.
Because he has spent his entire career inside the often-ruthless world of technology, Shervin Pishevar has seen, up close and personal, the effects that the emergence of huge tech monopolies has had on the development of the U.S. technology-based economy. Unfortunately, he says that the majority of influence that monopolies have had is decidedly negative, stifling competition and ultimately passing on far higher costs and diminished functionality to consumers.
In a recent 21-hour tweet storm, Shervin Pishevar noted that one of the most serious problems that occurs with the Big Five tech monopolies is their almost unstoppable ability to buy out their competitors before they ever have a chance to start meaningfully offering market resistance. Pishevar says that this has been a particular problem in the world of tech because of the very nature of tech startups themselves.
He explains that most of the people who are responsible for the creation of new tech firms tend to be younger and less experienced. The Big Five monopolies, which include Apple, Microsoft, Google, Amazon and Facebook, have become highly adept at recognizing competitive threats when they are still in their infancy. The big monopolies, with virtually infinite cash reserves, are then able to approach these young entrepreneurs and offer them more money than they have ever seen in their lives.
A life-changing amount of money in the eight figures may be impossible for someone who was recently broke to turn down. Yet Pishevar says that these amounts are often far less than the true value of the firms.