When one thinks of technological innovation and the companies and people who produce it, most think of Silicon Valley. Or, for those on the East Coast, New York’s “Silicon Alley.” The mind can travel to Austin, Texas or Salt Lake City. four times Forbes Midas list Investor Sherwin Pishevar However, he believes that Silicon Valley is a mindset, not a place. And that way, “Bienvenidos a Miami!”
“I believe in entrepreneurship as a movement, and Miami has been a test case for the idea that we can create tech hubs anywhere in the world. [be] I am happy to jump into some of these stories,” says Pishevar in A Recent interview. “And we are very lucky. [situation] with [Miami] Mayor [Francis] Suarez, and a great mayor and leader and leader in the city who believes in the vision of Miami being a tech hub. It’s incredible to see.
“And for me, selfishly, I have a lot of friends that I miss who live now and move to Miami. And it’s great to be able to see my friends and the creators and builders of the next great companies—many of whom have actually moved to Miami in the last few years.”
He saw Miami Funding for technology startups Especially in the year In the year In 2021, with most markets and M&A activity, it exploded: both Q3 and Q4 saw more than $1 billion invested, and Q4 topped $2 billion for the first time.
Pishevar — formerly a managing director at Menlo Ventures, one of the earliest venture capital firms in Silicon Valley — has seeded more than 60 companies and sees a culture in Miami that reminds him of where he came from and what it’s all about.
“I was inspired by Miami and its culture, its diversity and really the immigrant mentality. [being] Open to new ideas, new beginnings,” Pishevar said. “The Cuban people here are very similar to my immigrant background. I escaped war and revolution with my family. So there are a lot of common and common threads in the culture – those who came to Miami in search of a safe harbor.
“And I really wanted to try to bring elements of Silicon Valley to Miami: creativity, intelligence, collaborative thinking. I participated in the start visa testimony in Congress; I said that Silicon Valley is not just a physical place – it’s an idea. And it went viral and spread around the world.
Pishevar testified in front Congress in 2011 On advocating for visas for foreign tech entrepreneurs: “I am privileged to testify today on behalf of countless foreign entrepreneurs who do not want to do what I have done, build companies, create jobs, and create new jobs here in the United States. ” he said at the time.
And Pishevar isn’t the only one who moved to Miami thinking it could be a startup incubator — including tech titans since then. Emil Michael and Peter Thiel.
“The list goes on. It’s some amazing, amazing people,” Pishevar said of Miami Flow. “Angela Benton is back. One of the great African American entrepreneurs—and the first African American incubator that brought many African American investors and entrepreneurs to Silicon Valley—is now back in Miami in the last two years. And we’re investors in her company.”
“It’s amazing to watch the amazing talent coming up, and the energy in Miami is amazing to watch. And I mean, I joke to the mayor, every week is like any other…it was NFT. [non-fungible token] week and then tech entrepreneur week and then Miami Tech week. And then there was F1 [Formula One], and every week it was more and more interesting. And I joked to the mayor, ‘We need Miami week off.’ Let everyone rest before we continue building. And he was laughing. He was like, ‘I’ll definitely announce that.’
Before moving to the “Magic City” in 2018, Pishevar has been a tech hub evangelist for Miami.
“How do we make Miami a tech hub?” “We basically started talking about that strategy,” Pishevar recalled. “And for me, I started experimenting with the following idea: Can we create new companies? Can we do here in Miami what we did in Silicon Valley? I took 50 people to Miami and we’re incubating and investing in different companies.
“I will host my friends in Miami…. And show them what the city looks like. Many entrepreneurs were trying to decide between places like Austin and Miami. And I’ve helped Austin win many times. We didn’t win every race, but we started talking to the governor. [Ron] DeSantis, about these tech companies and entrepreneurs’ ideas for relocating to Miami.
Those ideas paid off as an influx of engineering and entrepreneurial talent flooded the city.
“More and more people are moving,” Pishevar said. “I think the magic number [venture capitalist] Paul Graham talks about 10,000 developers moving to the city—[that’s ] A milestone of sorts. And just last year, I think the number was over 2,000 engineers who moved to Miami. So it’s not just actual entrepreneurs, it’s a talent pool.
“On top of that, in Miami and the Miami area, you’ve got local talent that we’ve recruited, that we’ve reached out to. There are amazing universities like University of Miami, FIU. [Florida International University]and others creating a talent pipeline. And that engineering talent, that tech talent is local, also extremely diverse. And so you have an influx of talent from all over the world into Miami.
When the United States tries to expand its hand, Miami is clearly positioned as an emerging front International technological innovation. And with Shervin Pishevar leading the charge, success is probably a good bet.
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