Stream Energy

Stream Energy was recognized in the Dallas Patch for being one of the first companies to contribute to hurricane relief for Hurricane Harvey. Stream Energy’s charity foundation, Stream Cares, had partnered with Hope Supply Co to help alleviate homelessness caused by Hurricane Harvey.

Stream Energy is a privately-owned company that was established in Texas with services now spanning across seven states. The company provides energy, wireless, protective, and home services. Their business model is direct energy selling in which the corporation pays individual associates to build a network and deliver each product for a fixed rate. All products and services are offered for residential and corporate services. Associates who are successful with this business model work as autonomous entrepreneurs and business owners who also get to choose a cause to support through Stream Cares.

The company has redirected money profited by sales towards funding for relief. Stream Cares had recently been launched and its charity efforts have become part of their brand. Beyond monetary contributions, the employees are given the opportunity to volunteer themselves as well as partner with other foundations including Red Cross and Habitat for Humanity.

The Dallas Patch points out the win-win situation that these philanthropy efforts provide. While being able to give back to the community, companies are able to raise awareness and earn respect of current, new, and potential clients in the area. This growing trend is backed by the statistics, reporting in 2016 corporations provided $19 billion in funding to charities not including sponsorships, marketing, and individual employee contributions.

Through partnering with Hope Supply Co, Stream was able to cover entrance and meal costs for 1,000 children in North Texas at an event called Splash of Hope. Stream Energy has also aided to the Texas tornado that had touched down in 2016. The company had also paid all expenses and co-hosted the American Girl Doll Experience for 10 daughters of military families to help support and give relief Dallas-based families.

Stream Energy has made a positive impact in the Texas area where they serve, making philanthropy an essential part of their brand and value.

Shervin Pishevar’s Grim Outlook on US Economy

On February 6, 2018, Shervin Pishevar took to Twitter to express the deep concerns he has regarding the US economy. He made sent out 50 tweets that predicted some pretty dark days ahead for the stock market, big US companies, and even bitcoin.

Shervin Pishevar is well-known in the Silicon Valley area as a super angel investor. He was a strategic advisor to Uber and help co-found a venture capital fund that invested in Airbnb and Uber. In December 2017, he announced his resignation from that venture capital fund. That was the last time he used twitter. So his tweet storm came as a big surprise. Obviously, the axles in his mind continued to turn and were let out all at once.

On February 5, 2018, the day before Shervin Pishevar’s tweet storm, the US stock market experienced a dramatic drop. In fact, it is one of the most stomach-turning drops that has happened in recent memory. Shervin Pishevar is especially concerned about more slippage in the market, mentioning that he feels it will go down 6,000 aggregate points over the next year. He feels that with all of 2018’s gains forgone, 2017’s gains will be gone in a short matter of time as well.

Another point that Shervin Pishevar mentioned is that Silicon Valley is no longer what it used to be. It used to be a stronghold on ideas and talent. Now it is an idea that has gone viral. The movement of being an entrepreneur is now borderless. He even gave an example of individuals in China working together to build a train station in just nine hours. His basic point is that the American economy is not alone. And while this may be good for other countries, it is not good for short-term domestic growth in the United States. He feels that under this administration, no one should feel confident in any talk of the US economy growing.

The notions that Shervin Pishevar expressed on Twitter are ideas he has expressed in the past. With a more open society, there will be less volatility and not as many bottlenecks on innovation.