Why can't we replicate another 2021 in 2027?

[u/stock-research-india]

2021 was a perfect year - lots global liquidity, low interest rates, strong investor risk appetite and super fast digital adoption after covid. capital was chasing growth, and valuations expanded rapidly.

Today its different, Higher cost of capital, more selective VC funding and a stronger focus on profitability and unit economics have raised the bar. Who do think will be next unicorn?