We don't know where things are going. It makes it very difficult for people to put their

money in growth stocks like tech stocks because of the zero interest because of the rate raise

issue that you've outlined. It makes it very difficult for people to buy cloud software.

Because how are you going to decide how to expand your business if you don't know when this

where this economy is going to settle out. So it's possible now that the failure of Silicon

Valley Bank, right, the failure of signature bank, tells the Fed, tells Dron Pal, maybe enough

is enough and they stop and that kind of counterintuitively ends up bolstering tech.

Like some people have joked that Silicon Valley Bank took one for the team to help their friends out

in the tech industry. And you're starting to see right now, I mean what's going on in this

stock market today is a rotation out of financial services companies and into technology,

which is just this galaxy brain situation, but that's where we are.

It is my pleasure to welcome to the podcast, the author of Always Day One and the big tech

sub-stack newsletter as well as CNBC contributor Alex Cantrowicz. Welcome Alex.

Thank you, Andrew. Great to see you.

Great to see you too. So Alex, this was the craziest week ever for just about anyone that's

touching tech. You are deeply embedded in the technology universe. You and I were both at

South by Southwest. How was this past number of days for you and the folks around you?

Definitely one of the weirdest stretches of days I've ever had reporting on tech and I've

been doing this for a while. I mean, I've never had a stretch of days where you go into a meeting with

a founder and they want to show you the product they're working on, but they're also wondering

how they're going to pay their employees. I was with Kevin Sister from the founder of Instagram

a couple days ago, recording for my big technology podcast. And before we sat down, he's like,

...