Shervin Pishevar, an active angel investor, decided to take the Twitter world by storm in February of last year. After being quiet for quite some time on the social media platform, he decided to be heard. He announced that he had a few concerns he wanted to share. He, then, created what is best described as a tweet storm.
Shervin Pishevar sent 50 tweets. While this doesn’t sound like a lot to some, what makes it so surprising is that they were all sent within 24 hours. Each of them piggy-backed off of the previous one, ultimately creating an essay of sorts.
A number of topics were covered in the tweets. Shervin Pishevar wanted to talk about the economy, cryptocurrency, monopolies, the entrepreneurial spirit, and more.
These tweets have been read by tens of thousands of people at this point. Many blogs have decided to talk about Shervin Pishevar’s tweets, too. What got the attention is that many of his predictions have come true, including the 6000 point drop in aggregate on the stock market and the plummeting value of Bitcoin.
While Shervin pointed out all of the issues going on, he didn’t offer solutions. One thing is for sure, however. We need to strip the power of monopolies in order to get the entrepreneurial spirit back.
FPX which is a global leader when it comes to the provision of Configure Price Quote (CPQ) announced it got an investment funding from their partner, HGGC, which is undisclosed. HGGC is a top private equity company. The private equity firm acquired FPX in 2016, and it has been providing capital funding to the firm to make it expand and achieve its goal. The company also wants FPX to boost its development of products and also have an enhanced channel of partnerships.
The company is renowned in the investment world for successfully investing in organizations that compete for the e-commerce markets. The company has led many successful investments, and today it has reached a transaction aggregate of $15 billion. Some of these notable successful investments include Selligent, Hybris and MyWebGrocer.
The Chief Executive Officer who is also one of the founders of FPX, Rich Lawson said that it is the best opportunity for FPX to dominate the CPQ market after partnering with HGGC. The organization is committed when it comes to investment and with the partnership; they can catapult their position and achieve their goals. They first examined the vendor space and discovered that FPX is a company that was in a better position according to their vision, talent and product capability.
It is funding that comes after FPX had been experiencing intense growth. Due to the growth, the company has expanded and opened offices in various parts of Europe. They have their headquarters located in Munich, Germany but they have expanded in other areas like London. The SaaS vendor company aims at simplifying and experiences selling to enable enterprise businesses to achieve the expectations of modern customers. The organization is powerful to enable your company to advance its commerce strategy. It also simplifies things to enable your organization to increase the capabilities of making indirect and direct sales without facing challenges. They understand the power of transforming your business in this digital information error.
HGGC is a private equity company that has committed a cumulative capital of more than $4.3 billion. The firm is located in Palo Alto, Calif. It uses an “Advantaged Investing” strategy that makes it get scalable companies to establish partnerships with founders, sponsors and management teams.