Hello and welcome back to Equity, a podcast about the business of startups where we

unpacked the numbers and the nuance behind the headlines. My name is Alex and

this is our interview show where we sit down with a guest

think about their work or ideas and unpack the rest. Today we are once again speaking

with Anshu Sharma, he's been a venture capitalist, he's been an exec over at Salesforce and

currently he's wearing the mantle of a founder over at Skyflow and we're having

on the show today not to talk about interest rates and money like we did the

last time he was here but instead we're going to talk about the innovators dilemma and how well that idea, that business concept applies to the current moment and how it applies to technology.

This is all wrapped around the question of how well will Apple's Vision Pro headset do

when it does launch and down the road.

We are putting this episode out on Thursday the night before the Vision Pro actually goes on sale.

We wanted to have the conversation before that moment. So let's talk about what's going to happen and why.

Andrew, welcome back to the show.

Yeah, so my thesis was twofold. One was interested,

don't matter in the short run because everybody changes their spreadsheet cells like, oh, two is now five,

but over the next 10, 20 years, which is the true cost of capital, you know,

two becomes two and a half, it doesn't really go from two to five.

And secondly, the reason it doesn't go from two to five

is because it eventually comes back down.

And it took an extra year for that to be proven out

and for Powell to be able to say that it was transitionary, but I think it was transitionary and things are slowly getting back to where they were and in fact a lot of equity analysts are now claiming we are at a risk of a melt-up.

Yes, and if you look to the stock market recently you'll notice that things look pretty good,

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