Most companies from Silicon Valley seek keen on going global. This phenomenon is attributed to the emergence of a worldwide market that is too lucrative to ignore. Suddenly, the companies that wanted to limit their operations to the United States now want to establish offices in Europe, Asia, and other regions. One such company is the private equity firm, HGGC. They have been on a mission to get to the international markets for a long time, but this effort has received a renewed boost. Here is how they are doing it.
The company has been acquiring new subsidiaries that are likely to help it to penetrate new markets. One of the companies that they bought recently is RPX. Through such acquisitions, they want to leverage on the networks created by those companies to find new markets. In return, they invest heavily in their new partnerships to help them find enough capital to fund their operations. This is a situation that works to the advantage of all parties involved. Recently, the CEO talked about the possibility of HGGC acquiring new companies shortly.
To ensure that they have an easy time venturing in the unchartered international markets, HGGC has been making new appointments to their management staffs. They are always scouting for professionals who have expertise in a strategic investment. For example, they recently hired a new vice president and principal. If you look at these appointments, you will notice that they are all aimed at marketing the firm. This situation is believed to be focusing on global clients who would like to partner with the company to achieve their needs. The new appointees were tasked with things such as finding buyouts and sales and marketing.
HGGC already has international offices and clients. However, there are some regions where they have yet to make a mark, and these are the areas that they are targeting. Going by their success stories when expanding in the local markets, it is almost sure that they will be successful with this new mission, especially when you remember that they have a team of creative executives to back them up.
The people who know Shervin Pishevar know he is an American, but they also know his family comes from Iran. Mr. Pishevar has always been ahead of the curve when it comes to tech innovations. In 2015, he was one of Obama’s pick to sit on the J. William Fulbright Foreign Scholarship Board. In 2016, he was an Ellis Island Medal of Honor recipient. And he was a state department ambassador. But Shervin Pishevar is not a seasoned politician. He is a high-profile investor and entrepreneur who knows how to make money and contribute to the economic health of the nation.
Pishevar hasn’t been as vocal as he was a few years ago, but all that changed when he went on a Twitter rant that kept his Twitter followers entertained for 21-hours recently. Mr. Pishevar didn’t rant about one particular issue. He let loose. His twitting thumbs gave everyone a dose of Shervin Pishevar’s thoughts about the economy, bitcoins, the stock market, Silicon Valley and China.
According to one Shervin Pishevar tweet, the value of one bitcoin will drop in 2018. Shervin thinks the value of a bitcoin should be in the $2,000 to $5,000 range going forward. He also told his followers that the stock market is ripe for an adjustment. A 6,000-point adjustment. And he let everyone know that China’s infrastructure initiative is going to give China the economic advantage it needs to be the most powerful country in the world in the next couple of years.
But Shervin Pishevar also didn’t hold back when his tweet about Silicon Valley hit cyberspace. He thinks Silicon Valley will be less relevant on the world’s tech innovation stage in the future. And he took a tweet-like swing at Apple, Microsoft, Facebook, Amazon, and Alphabet when his tweet put them in the monopoly category. Shervin believes those companies have as much political and social power as some nations.
No one is sure why Pishevar decided to go on a Twitter rant now. But there is speculation that he wants to show the world he has what it takes to make economic and political predictions that come true.