Why Shervin Pishevar Says Silicon Valley is in Trouble
Silicon Valley may be in trouble, and that is because it is losing its competitive edge. Shervin Pishevar, a venture capitalist, tweeted his thoughts regarding Silicon Valley recently. It was part of a Tweet storm that included a total of 50 tweets in the span of 21 hours.
What’s going on with Silicon Valley?
Shervin Pishevar identifies that Silicon Valley is more of a state of mind than a physical place any longer. Entrepreneurship is growing and it has become borderless. A large number of innovative startups are happening all over the globe, not just in Silicon Valley.
What this means is that Silicon Valley and the US as a whole is losing its competitive edge. There are plenty of other countries that have innovative startups occurring, which proves to be problematic for the US economy.
Why is Silicon Valley losing its edge?
Shervin Pishevar identifies that one of the main problems with obtaining the innovation is that immigrant talent is no longer entering the United States at the same level that it used to. This is as a result of cultural and physical borders put into place by the US government.
There is also the problem of large monopolies swallowing up the startups before they have a chance to take off. Shervin Pishevar warns that there are five monopolies in the US that could end up becoming quite problematic for startups, including Amazon, Facebook, and Microsoft.
In the end, Silicon Valley is still the heart of entrepreneurship in the United States. It is still competitive and innovative, though it is not quite as unique as it used to be because there are plenty of other innovators showing their hands around the globe. Unless we can bring more immigrant talent into Silicon Valley, we may lose our competitive edge forever.
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