Tech Investor Shervin Pishevar’s Warnings on His 21-Hour Tweet Storm

A lot of economic predictions were made on February 5, 2018, during the 21-hour tweetstorm of tech investor Shervin Pishevar. There were a total number of 50 tweets about his concerns and warnings for America’s economic future.

His tweetstorm started with a forecast on a 6,000 drop on the stock market. An increase in national debt and interest rates will be the cause for a financial storm. Even though this is one man’s opinion, it was made clear that Shervin Pishevar’s opinion is highly valuable. In addition, the decline in the bond market made him believed that the bull run of bonds has come to an end.

Shervin Pishevar predicted that “gold will rise in response.” He also believed that the era of Bitcoin crash is not over as he predicts that Bitcoin will have a steady incline after which will proceed to decline to the $2,000 – $5,000 range. He also tweeted “the era of cheap money is over,” as a comment on the trends that he noticed – inflation spread, stock markets crashing, underemployment, and more.

In addition to Shervin Pishevar tackling the Underemployment Phenomenon, he claims that this is a neglected issue in the United States. People who are overqualified, educated, and skilled are forced to take lower-paying jobs.

Shervin Pishevar truly made a name for himself at Silicon Valley which is why he predicted the end of Silicon Valley in his 21-hour tweetstorm stating that “Silicon Valley has lost some of its competitive edge against competing zones of innovation.” However, he pointed out that Silicon Valley may have a better chance of growing outside the border. He commented on how the tides are shifting toward globalization. Silicon Valley will lose its appeal as the skills required to make Silicon Valley more influential again is beyond the border.

Shervin Pishevar tweeted that he no longer believes that innovation is tied to a physical place. He claims that innovation can present itself in different forms. In addition, he used an example of how China has a higher speed of execution as they can build a train station in just 9 hours. He explained in his tweet that American infrastructure will become problematic because the government, as well as the companies, think only in short-term.

https://www.quora.com/How-do-I-contact-Shervin-Pishevar

Shervin Pishevar paints a dull future for US economy

Shervin Pishevar is a distinguished entrepreneur in the United States, and many people might actually know as one of the early Uber investors. He has been a man who does not keep a low profile on matters economics and finance. He has been vocal on the social media for a long time. He engages his followers in posts that show his thoughts about various issues. As the founder of Sherpa Capital, he was faced with challenges in 2017 and even forced to leave his position of the managing director in the venture capital firm.

After retiring from his position, he kept a low profile for some time. When he came back, he did it in a big way. He engaged his followers in a tweet storm that lasted 21 hours. In the tweet storm, he talked about all manner of issues from the US economy, bitcoin, the Silicon Valley and even immigration.

One of the key things that came out of the storm was that he predicts dull days for the US economy in the coming years. By his prediction, the US economy will record a significant drop in coming days as a culmination of bad decision that the government has taken. He believes that all indicators of a failing economy have been triggered and the fall will be imminent. Shervin Pishevar pointed to the drop in the stock market in early 2018 as one of the indicators.

Shervin Pishevar also gave out his opinion about the bitcoin. He believed that the cryptocurrency would not sustain the high prices recorded at the end of 2017. He predicted that the value would fall to $2-5k level before resuming the uptrend. This is one prediction that has played out as predicted since the value of bitcoin is currently hovering around the said levels. At the same time, he tweeted saying that the value of gold would improve in coming years. He was of the opinion that many investors would turn to gold as a result of the value in other assets.

Shervin Pishevar also said something about the US infrastructure. He pointed out that the country was performing poorly as compared to China. He blamed the government and the players in the private sector for lack of vision.

https://www.elitetrader.com/et/threads/early-uber-investor-shervin-pishevar-buys-miami-beach-mansion-for-17m.322705

HGGC Announces Its Latest Investment Deals

HGGC is a leading private equity company based in California. It was named as the Equity Firm of the Year in 2014 by Mergers and Acquisitions magazine. It is prominent because of its “Advantaged Investing” model, and this involves investing through affiliations.

Let us learn more about the investment strategies of this company.

On Business Wire

October 1st, 2018 Business wire reported: HGGC has announced six new members are joining their team to boost financial and investment operations. The new team would bring in great talent and experiences which would assist HGGC to implement its prolific investment strategy and accelerate growth.

They included: ColinPhinisey – to lead capital market, Christopher Guinn-Executive Director, 4 Associates-to support continued Growth.

It has $ 4.3 billion in cumulative capital commitments, more than 100 completed portfolio investments and more than $ 17 billion aggregate transaction value.

It mainly targets investments across its funds-rollover investment; this is through alignment with sellers and business founders and limited partners through co-investment.

On PRNewswire

On 15th Oct 2018, PRNewswire reported: HGGC has announced about a new agreement it has signed with Mi9. Respida Capital and Mi9’s owners-General Atlantic were going to invest alongside HGGC. However, the terms and conditions involved were not revealed.

This was a merger of Mi9- a popular omnichannel retail solutions provider and MyWebGrocer (MWG)-HGGC Portfolio Company which is a prominent digital media and software company.

The merger would power retail operations, over 500 retailers and different consumer brands all over the world.

The CEO Rich Lawson was very confident with the new merger as he quoted Mi9’s records were very successful.

This merger between MWG and Mi9 would be a prominent software provider in the market with over $250 million revenue, approximately $1 billion market segment t growing with over 5% annually.

This was a very favorable market trend.

Conclusion

The company’s Advantaged Investing model has proven to be productive in the financial and investment markets. It invests in companies which have competitive positions in the market and adds value through skills and relationships. HGGC is led by paramount leaders with extensive experiences and skills to spark growth.

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=40266198

Dr. Rick Shinto and Penelope Kokkinides are the Two Leaders behind InnovaCare Health’s Success

InnovaCare Health prides itself in being able to combine the provision of quality care with innovation to come up with models that are not only progressive, but also those that ensure clients get value for their money. Some of the factors that set it apart are the fact that it possesses unmatched expertise in terms of its labor force, has consistently provided proven results over the years, and also because it only follows practices that have been recommended by industry experts.

The competence of a healthcare provider can only be judged by looking at its leadership. At InnovaCare Health, the entire leadership has a combined experience of more than one hundred and twenty years providing care delivery and managed care. These are experts who possess the skills required to meet the increasing needs of the healthcare industry and often leverage their operative and managerial experiences to make this a possibility.

Where Did Rick Shinto Work Before InnovaCare Health?

Dr. Richard Shinto currently serves as the CEO and President of InnovaCare Health. Shinto has worked for more than twenty-five years in this industry, during which time he has been able to come up with various models that have helped improve financial performance, patient satisfaction and improved the quality of care provided to the patients.

Prior to taking in on his new role, he served as the Chief Executive Officer of an InnovaCare subsidiary that is located in Puerto Rico. Before that, he was the CEO and President of Aveta Inc. for four years in the period between 2008 and 2012. He has also held the CMO and COO of Medical Pathways Management Co. as well as the CEO of NAMM based in California.

Where Did Penelope Kokkinides Work?

Penelope is the CAF at InnovaCare Health a position she has held for three years since her appointment in June 2015. Before taking up her new posting, she worked as the COO for Aveta Inc. and InnovaCare. Penelope has also acted as the Vice President in charge of Clinical Operations in various firms and has more than twenty years in the managed care industry. She has also specialized in various government-funded programs and possesses excellent skills for developing and managing all types of healthcare operations.

What Awards Has Rick Shinto Won?

Dr. Rick Shinto was this year honored with an award for being one of the top twenty-five leading Minority Executives in the Healthcare industry. Shinto was recognized for the role he has played in developing patient care models and influencing policy that has been adopted across the country.

http://innovacarehealth.com/leadership/

Steve Ritchie Apologizes To Papa John’s Customers

Steve Ritchie is the CEO of Papa John’s, a pizza company operating in the United States and other parts of the world. Steve Ritchie has given this company a new start that will definitely maintain its position in the market. He recently wrote a letter to the customers of the company, soon after he was promoted to the position of the CEO. He wanted to exude confidence in the company by crafting a letter meant to address the concerns that the customers have about the company. In the letter, he set the right tone that would appeal to each of their customers. His mission was to ensure that every customer felt at peace with the company despite some of the challenges that come in the line of doing business.

Steve Ritchie Papa Johns wrote a letter expressing that he was very sorry about what had happened in the company. He wants the customers to stand with the company even at times of challenges. He has assured them that Papa John’s will continue to support them at all times. The company is there to support each of their customers. In the apology letter that was well drafted to address pertinent issues that customers have, Steve Ritchie pointed out that the company plays a significant role in the community. It has employed over 120,000 people around the world, and therefore its positive impact cannot be ignored. He used this opportunity to tell the customers that these are people who are fellow members of the community and they work very hard to satisfy their needs.

Steve Ritchie has outlined the steps that the company will take to deal with the challenges that affect it. The first thing they will do is to bring external auditors who will audit the company and give recommendations. The audit will involve scrutinizing the culture of the company and the inclusion of diverse practices since the company is now operating in other countries. The company wants to work on the weaknesses and the strengths it has to ensure that there is a smooth flow of operations of the company. Senior managers will also go out to the field to get views from franchises and employees.

More information about Steve Ritchie’s promotion: https://ir.papajohns.com/news-releases/news-release-details/papa-johns-promotes-steve-ritchie-ceo-0

GreenSky Credit Is Big – Here’s Why

GreenSky LLC is a mid-sized lender based in Atlanta, Georgia founded in 2006 by chief executive officer David Zalik. The company is the third-largest financial technology company in the United States – the field is also known as fintech, a mashup of the words financial and technology – despite being created just longer than a decade ago.

The company recently held an initial public offering, filing confidentially with the United States Securities and Exchange Commission back in early April 2018. In that IPO, GreenSky raised just short of $1 billion – $874 million, to be exact – in funding. Altogether, David Zalik’s GreenSky traded a whopping 38 million public shares in exchange for investments in the budding company.

While GreenSky is doing pretty well for itself, David Zalik is doing even better – just after the aforementioned IPO, David Zalik was officially worth roughly $2.5 billion. His net worth is based mostly on the price of shares of GreenSky, of which he owns a majority stake.

How did GreenSky become so big?

GreenSky does nothing but lends money to approved applicants – so far, the company has given out some $12 billion to over one million happy debtors – through GreenSky Credit, a program that’s a part of David Zalik’s GreenSky.

GreenSky Credit provides approved applicants with up to $65,000. Most of such money goes to mid-sized corporate construction companies, though plenty gets shoveled to smaller construction causes. GreenSky Credit lends out so much money to builders because they’re often not paid until their agreed-upon work is complete; at best, they’re paid in installments, potentially leaving them for weeks without their customers’ capital.

David Zalik realized that GreenSky could grow to such a lofty level of success after he gained experience in the construction industry directly following the turn of the millennium. No more than a few years after the experience, GreenSky and its well-known program GreenSky Credit picked up financing from TPG, ICONIQ Capital, and PIMCO, three of the largest institutional investors across the United States. Last December, GreenSky was worth $4.5 billion.

https://www.cnbc.com/2017/05/15/greensky-2017-disruptor-50.html

Shervin Pishevar Paints a Gloomy Prediction of the US Economy in His 21-hr Tweet Storm

Shervin Pishevar has been quiet for the last six months after announcing that he would resign from Investment company. He is a pretty vocal business personality on the social media, but for some reasons, he has remained silent. Shervin Pishevar has invested in some renowned names like Slack, Warby Parker, Dollar Shave Club, and Uber.

Recently, Tweeter account roared to life with a gloomy tweet storm about the U.S. stock market. The market had a shake-up in Mid-February. Shervin believes this shake-up will continue towards the end of the year and cause the market to lose an aggregate 6000 points by the end of the year. Here are some of his main reasons.

The February Dip Will Continue For the Next Few Months

Shervin Pishevar thinks that the dip witnessed in the stock markets in February will continue and get more in-depth. He believes that the fall is caused by increasing credit account deficits, rising interest rates and an increase in tax giveaways.

Bonds Lost Their Power

The government issues bonds partly as a tool to reset the market and correct the deficiencies that put pressure on some sectors. However, he believes that the bonds have been used too much to remain effective. Therefore, the market may take longer or not normalize even after the central banks buy bonds.

He believes that Inflation is exported

Shervin does not buy into the thinking that the American economy is going up in contrast with the global economy. Therefore, he says that that the inflation cannot be contained within the borders and has been exported over the years. Shervin also feels that the shaky global trade deals created by the current administration will not help the situation.

Silicon Valley Lost Its Modern Rome Allure

Shervin Pishevar believes that the Silicon Valley lost its exclusivity. While it is not bad, it will negatively affect short-term economic growth. Talents and ideas are no longer strong enough to hold the Silicon Valley at the top. Shervin also feels that the American entrepreneurial spirit spread worldwide and became a global thing eroding any comparative advantages that the USA enjoyed.

https://collisionconf.com/roundtables

Contributions of Canadian Businessman: Louis Chenevert

Every business organization that Louis Chenevert has worked with has fully benefited from his contributions. Nowadays he is sub-retired, he dedicates his time serving in Goldman Sachs as a private counselor, following his desires and his family. The Louis’s journey of success began where he joined the General Motors after completing his degree in Production Management that he studied at the HEC Montreal. Since Chenevert was committed to his job his promotion was rapid, within a short time, he became the production manager, and later he ended up getting the position of the Production General Manager.

After many years at the General Motors, the chance for Louis Chenevert to shift to another field came, and he joined Pratty & Whitney firm which was an aerospace producer. At that time the economy was not favorable for the company. The efforts of Chenevert boosted the productivity, and within few years there was a substantial increase of the firm in the field of aerospace. This won Chenevert, the promotion of the president of the firm. The Pratty & Whitney firm worked together with the United Technologies Corporation (UTC). The excellent work of Louis Chenevert pleased the head staff at the UTC, and eventually, they hired him to work in their firm. In 2006 Chenevert served as a chairman of the United Technology Corporation, afterwards, he was promoted and became the Chief Executive Officer.

When the market economy started declining Louis Chenevert worked hard to save the company from the losses that several firms were facing. The tactic that Louis embarked on was paying no attention to the predictable intelligence surrounding outsourcing. Most of the firms were being transferred to the countries that would work for low prices so that the cost would reduce. For the UTC, the workers and the engineers were put together in a common location in the state of Connecticut. The reason for doing this was that when people work together getting a solution would be faster and easy. This looked like a useless idea, but it was the best because UTC was able to thrive during the difficult moments.

http://www.utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx

Tony Petrello Shocks His Friend

Tony Petrello truly is a self-made man. According to Lloyd Grove in his article in “The Daily Beast”, he knew Tony when they went to college together at the age of 18. During that time Tony was a math genius and your typical geek. He was the tall skinny kid with the loud mouth and dry sense of humor, and he stuck out in 1972 like a sore thumb.

Tony Petrello was the protege of Professor Serge Lang, the world-renowned mathematician. Even at such a young age, Tony Petrello could be seen as a prodigy in the field of mathematics. He was already challenging the theories of his day, creating his own, and pushing the field of mathematics beyond where it currently was. It was a shocker to everybody when he opted out of mathematics and decided to pursue corporate law.

From that time on, Lloyd Grove did not see Tony Petrello over the next few years. Needless to say, he was surprised when he looked at the Associated Press’s release of the top paid CEOs of 2013 and saw that his old buddy Tony was on it. How exactly did Tony get to that position? How did he rise up from the field of mathematics to go and become a multi-billionaire?

Tony Petrello was a graduate of Harvard Law School with his bachelor’s degree in law. He then pursued a master’s degree in mathematics from Yale University.

In the year 1979, Tony Petrello would begin working at the law firm Baker & McKenzie. He held a position there until 1991. Here he was the managing partner of the New York office, a position which he held for five years. From there, he would become a director of Stewart and Stevenson. He would leave that post in 2011.

Anthony Petrello made most of his money working for Nabors Industries. He became the chief executive officer in 1991. He would then become the president of the company in 1992. He would also become the chairman of the board in 1993 and hold all positions for nearly a decade. In 2015, his total compensation package was well over 15 million dollars. Tony was able to command this large package because under his leadership Nabors Industries stock went up 180%. While in 2014 there was a small bump in the road, in 2015 all the executives received the compensation package they deserved.

Leonardo DiCaprio, Livio Bisterzo, And HIPPEAS

A brand new form of snack food has been taking the USA by storm as of late, a certain snack food called HIPPEAS. HIPPEAS are a healthy snack food that are essentially flavored chickpea puffs that are notably much more healthy than most other snack foods being advertised and sold. The creator of HIPPEAS is Green Park Holdings and the decision came from the Founder himself, Livio Bisterzo who was behind the product’s creation as it fits in with the mission statement of his company. Though Bisterzo isn’t the only one endorsing HIPPEAS.

For famous actor Leonardo DiCaprio is also endorsing the healthy mass marketable snack foods. DiCaprio’s endorsement of HIPPEAS comes from a combination of his own interests, one of them being the environment. DiCaprio’s love for the environment can be traced back to 1998 when he founded his own Foundation named after himself based around funding projects revolving around habitat conservation and biodiversity. In fact, DiCaprio also serves on the boards for the following organizations: World Wildlife Fund, the National Resources Defense Council, National Geographic’s Pristine Seas, Oceans 5 and the International Fund for Animal Welfare. But what does DiCaprio’s pro-environmental stance have to do with HIPPEAS? Simple, HIPPEAS is tied to a non-profit organization called Farm Africa dedicated to improving the agriculture in Africa by supporting farmers in every step of the process of growing and selling crops.

Follow Livio Bisterzo on Instagram

As for Livio Bisterzo, he’s an Italian entrepreneur currently living in Los Angeles and he’s married with three children. Originally, Bisterzo was born in Italy and in 1999 moved to the UK to further his education and cultivate his gift with marketing. His first venture into the business world happened in 2003 and he would focus on life style businesses, such as a company that specialized in selling products for men. He left that side of the industry in 2010 and moved into a different field in 2011 where he acquired a Danish start-up business that specialized in selling organic blended juice and tea. From there, Bisterzo moved on to create Green Park Holdings which focused solely upon creating healthy and delicious food that could be easily marketed and accessible for everyone. With HIPPEAS being the success it currently is, Green Park Holdings has in turned reached the potential that Bisterzo hoped it would.

For more information about Livio Bisterzo, just click here.