Shervin Pishevar says modern tech monopolies have power to destroy startups

Shervin Pishevar, one of the most lauded venture capitalists of the modern era, has made a career out of being able to spot market opportunities then answer them with high-tech solutions. As a founder and tech entrepreneur, he has started numerous highly successful companies. Names like WebOS, Ionside and Social Gaming Network are entries that Shervin Pishevar can proudly write into his resume as being children of his creation. As the founder and CEO of Sherpa Capital, the inveterate financier has also been behind the critical early-round financing of such mega-startups as Uber, Airbnb and dozens of others.

In his sparse free time, Shervin Pishevar also likes to weigh in on some of the most pressing concerns of the day. Through his Twitter feed, which has nearly 100,000 subscribers, Shervin Pishevar often holds forth on everything from the role of U.S. monetary policy to the analysis of cryptocurrencies.

One of the topics that he has been frequently addressing as of late, especially during a 21-hour tweet storm that left many of his opponents scrambling to find adequate rejoinders, has been the degree to which the U.S. should tolerate monopolies forming in the tech space. In particular, Pishevar has focused in on the immense harm that some of the largest tech companies are currently doing to innovation in a wide range of fields.

As just one example, Pishevar cites the ongoing feuds taking place between Uber, the company that he helped found, and the orders-of-magnitude larger Google, which has a nearly unlimited budget to harass and knock around its competitors. Uber, says Pishevar, has long been dedicating a large amount of its budget to researching and developing self-driving vehicles. But lately, he says, Google has started filing nuisance lawsuits against the firm, spuriously alleging that Uber has stolen intellectual property rights from the sclerotic Bay Area giant.

While Google has nearly unlimited funds with which to wage lawfare, Uber has been markedly damaged by having no choice but to show up in court and defend itself against the frivolous claims lest there be a default judgment rendered against it. Pishevar says this is just one way in which the monopolies abuse their power to stifle and snuff out competitors.

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