Tag Archives: Bitcoin

Shervin Pishevar discusses why immigrant talent no longer needs to physically locate within the U.S.

The rise of Silicon Valley and the San Francisco Bay Area in general as the central tech hub of the planet goes all the way back to the 1930s. Then, Stanford University served as the nascent springboard for what would eventually become the center of technological innovation in the country and throughout the world.

 

The development around the Stanford campus accelerated throughout World War II, aided by massive infusions of research and development money through private-public agencies like DARPA. The internet, personal computers and jet airliners all came out of military spending throughout the state of California throughout the 1950s, ‘60s and ‘70s. And much of this activity was squarely based out of the area around the San Francisco Bay that is today known as Silicon Valley.

 

This created a sort of positive feedback loop of already existing infrastructure giving rise to newer infrastructure because there simply wasn’t anyplace else on Earth that was suitable for the kind of work needed to innovate at the highest levels of the tech space. At the same time, the enormous supplies of talent that flocked to Silicon Valley went there, in part, because that was the place where all of the existing talent already was. This cycle continued right up into the 2010s. But now, some people say a fundamental shift is afoot.

 

Shervin Pishevar is one of the voices from within Silicon Valley that have been consistently stating that the area is quickly losing its charm for entrepreneurs the world over. Shervin Pishevar points out that the main factors that kept Silicon Valley as one of the most sought-after destinations in the world for talented innovators no longer have the same kind of sway that they once did. And other factors, says Shervin Pishevar, have begun to work decisively against the area.

 

One of those, Shervin Pishevar argues, is the outrageous cost of living throughout San Francisco and the rest of California. Shervin Pishevar says that, ultimately, the problem will be self-correcting when so many people flee the area that home prices once again begin to fall towards normal levels.

 

https://soundcloud.com/twistartups/shervin-pishevar-on-this-1/recommended

Sahm Adrangi Doesn’t See KodakCoin Paying

While most people think of investments as betting for a company’s success, Sahm Adrangi and Kerrisdale Capital have issued a short position on the stocks of the Kodak Company. This report has gained the attention of many individuals organizations including CNBC. With Sahm Adrangi shorting Eastman Kodak, he and his company are set to make a good profit if Kodak fails.

Sahm Adrangi has been known for years with his accurate predictions of the failures of companies and he doesn’t appear to have lost his touch. He is not afraid to say what everyone else doesn’t want to say, no matter if it is to his business peers or social media. This does not bode well for Kodak as Sahm Adrangi believes their latest efforts are just an attempt to shovel a little bit of water from a sinking ship.

Kodak recently announced new systems that are centered around cryptocurrency and blockchain technology, things that Sahm Adrangi thinks just don’t make any sense for the photography industry. While their new KodakOne and KodakCoin projects may look good to the casual observer or the photographer, but Sahm Adrangi believes they are essentially doomed and Kodak is headed towards inevitable bankruptcy.

While the stock of Kodak did see a significant increase in stock prices directly following their announcement, Kerrisdale Capital does not see these stock prices having any longevity for the company.

There are even people within Kodak that have gone public with their opinion that these new products just won’t work. It is believed by many that blockchain technology will do little to nothing to protect the assets of photographers. To make it even worse, one of the main people that Kodak hired to assist with the development of these products is business partners with someone who has been convicted of security fraud. There are internal problems in Kodak as well as 5 members of their board have been found to be partaking in unscrupulous trading that some believe will lead to an eventual investigation from the SEC.

All in all, none of this looks good for the Eastman Kodak Company, but it looks great for Kerrisdale Capital and their investors.

https://www.cnbc.com/2016/05/05/short-seller-kerrisdale-to-target-dish-network.html

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