hemant: most people don't understand the impact of interest rates on valuations.interest rates leads to 15%-20% decrease in valuations. some of this is not a surprise. i think markets are interested -- are anticipating the interest rate rise and the world of near zero fed rate and 7% inflation anyways, this is actually helping. i am hoping that this mindset and correction can start to impact out we are also building companies and funding them. because there is phenomenal opportunities and a lot of capital has been raised, but at the end of the day, we are not going to build rate companies if they are over capitalized and don't build responsibly. hopefully it will slow down and make us more intentional and we will build better companies. emily: we will be watching to see if that happens, hemant taneja, general catalyst managing partner, thanks for stopping by. emily: coming up, investors remain on edge over the rates we were just talking about. how the tech sector is playing a role. this is bloomberg. ♪ ♪ >> apple's first product launch event of 2022 is fast approa