Shervin Pishevar Says No Room for Startups

When Shervin Pishevar takes to social media to discuss his thoughts, a considerable audience usually gathers. This is due to his incredible history of success regarding investing, which has seen him partner with a number of startup companies that were poised for greatness, during a time when the general public had yet to take notice. Shervin Pishevar has played a handing in introducing companies such as Tumblr, Slack, Rapportive, Dollar Shave Club, Rap Genius, and TaskRabbit, to the world.

Recently, in what would later be deemed a tweetstorm, Shervin Pishevar took to his favorite social media platform to discuss a myriad of economically relevant affairs that he feels will change the course of America, affecting its position of power in regards to the rest of the world. During the tweetstorm, which totaled 50 tweets, that were delivered over the course of 24 hours, Mr. Pishevar discussed globalism and changes within the monetary system, as well as the economic uncertainty that has been the subject of much debate as of late.

One of the most controversial topics that Shervin Pishevar chose to discuss, concerned the position of the current American unicorn corporations, which he feels have become monopolistic in nature. Alphabet (Google), Apple, Amazon, Microsoft, and Facebook, were all named during the tweet-flurry, and according to Mr. Pishevar, despite the power that these corporations currently yield, which he feels is excessive, they are destined to fall. These entities have been placing a stranglehold on competition in America, and in spite of their prominence, which allows them to employ a number of people, it has also killed off any real semblance of competition through aggressive acquisitions. This practice has limited the opportunity for growth for startup companies that have traditionally flourished in Silicon Valley. This reality is coupled with the fact that many countries around the world have begun utilizing the same principles that have made Silicon Valley so dominant in the tech world, making location within the United States, less and less of a necessity for world-changing corporations, as well as bonafide startups.

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Fortress Investment Group: Peter Briger’s View On Bitcoin

With the rise of cryptocurrencies across the nation it may seem that headlines are populated by the name of the asset classes most popular asset bitcoin. Earlier this decade in 2013 several executives from banks across the nation including Wells Fargo met with one of the nation’s most significant hedge funds. This hedge fund is known as Fortress Investment Group. This meeting was made in order to talk about creating the nation’s first regulated bitcoin exchange.At this meeting, Fortress Investment Group had brought along several members of its team including Peter Bridger who is the current principal of fortress and a co-chairman of the Board of Directors for the Corporation. At this meeting, Peter Bridger explained to the team what was so interesting about the technology behind the cryptocurrency.

It has been described as both a form of digital gold and a new currency that will allow people to transfer value between individuals with no intermediaries instantaneously.Peter Bridger believes that the banking industry should keep an eye on bitcoin as it has the potential to disrupt significant portions of the financial sector. At this meeting, Peter Bridger believed that it was important for the banking industry and hedge funds to come together in order to create an American-based regulated bitcoin exchange. While details of this meeting were never made available to the public the conversation between Wells Fargo and Fortress Investment Group has opened a window to the process and development of cryptocurrency technology in the institutional investment world.Peter Bridger originally became interested in bitcoin during the beginning of 2013.

During a skiing trip, Peter Bridger came into contact with an Argentinian businessman who had already successfully started and sold a number of companies. This Argentinian businessman explained to Peter Bridger the concepts behind bitcoin. He explained to Pete that it was a new network that allowed the transfer of value between people anywhere in the world instantaneously. Since this point in time, Peter Bridger has become a greater and greater advocate of cryptocurrency technology. This year the coin has shot up to increase in value by almost 20 times. While the meeting over five years ago was only the beginning of talks for regular institutional investors to get in the cryptocurrency world it’s was ended inconclusively. Today Peter Bridger continues to operate as a principal member of Fortress Investment Group and oversees the Corporation’s credit division.