On February 2018, Shervin Pishevar went on a 21 hour-long Tweet storm regarding the future of the American economy, tech innovations, and globalization. As an Angel investor, Shervin Pishevar has played a significant role in the current state of the tech companies and startups present in Silicon Valley. As a result, he could not overlook the pending issues and some of the things that could be done to make it blossom once more.
Today, the world is like a global village thanks to technology. This means that other countries can easily match up, and even supersede tech innovations in America, Silicon Valley to be precise. It is high time Silicon Valley stopped thinking of itself as a monopoly. Competition is all over, and if nothing is done about it, the future of Silicon Valley is as meek as a lamb. Shervin Pishevar, in his tweets, said that “Giants built on monopoly frameworks will fall. As they should. That’s how evolution works. All old forests burn to make room for the new.”
He went on ahead and wrote, “As Silicon Valley monopoly on early stage has shifted abroad its empowered 5 US monopolies: Alphabet, Amazon, Apple, Facebook, and Microsoft.” These companies are renowned brands in the tech industry. They are utilized by almost everyone in the globe, and the rate with which they have or are growing will make it hard for startups to make a name for themselves.
Shervin Pishevar goes to compare the aforementioned giants with Ma Bell stating, “Just like Ma Bell, these 5 giants have too much power, stifling startups. Uber might be the last giant to eke out before it was too late.” He actually says that these giants have more influence than Ma Bell, and their reach is quite vast. More than any sovereign state could have.
During the days of Ma Bell, the Bell Telephone Company and AT &T had monopolized telephone services throughout the US. It was only after the Department of Justice intervened to divide these companies into smaller ones. If such is the case with Silicon Valley, it means that major companies will continue to hold power, making it hard for startups.