Most of the people starting new ventures mostly lack the human and financial resources to grow and actualize their goals. The entity might be that of first-time entrepreneurs or existing businesses that need to diversify. There are many ways to raise capital such as loans and grants, but one excellent source is through a person who believes in your dream. Venture capitalists and angel investors are one of a kind. One person who believes in and supports startups is Shervin Pishevar. He believes that entrepreneurship should be encouraged to increase competition which eventually brings out new ideas. The killing of startups through acquisitions and mergers only strengthens a brand creating a monopoly and making it hard for other startups to penetrate the market. This monopoly is a problem for consumers who won’t have a variety to choose from, and the economy is also bound to suffer.
Shervin Pishevar is a philanthropist and investor who has been helping many business startups financially. He is one of the favorite angel investors in the US through his company Investment company which was one of the early investors in Uber. With his help over 60 companies have been able to access the finance needed to run. He is currently concentrating on his latest project in transportation, Hyperloop One. Investment company, where he serves as the managing director has invested in other firms such as Airbnb and Munchery. Other companies he has invested in include Postmates, Didi, Dollar Shave Club, and Warby Parker to mention a few. Before joining the financial sector, Shervin Pishevar was a tech entrepreneur who founded companies such as Hyper Office and Social Gaming Network.
For his contribution and effort in startups, Shervin Pishevar has received several awards in his career. He was named the Outstanding American by Choice in 2012 by the US government. He is also a member of UN Foundation Global Entrepreneurs Council, and in 2015 he was appointed by President Barrack Obama to the J. William Fulbright Foreign Scholarship Board. The current investment Hyperloop One is already gaining momentum with Virgin’s CEO Richard Branson joining the board recently.