Over the past decade, the West has seen numerous unicorn companies emerge, but most of them haven't generated substantial profits. The US and EU markets can withstand significant setbacks, unlike emerging markets which tend to show signs of trouble much earlier, leading to a loss of investor confidence.
The upcoming five years will determine the success of the last generation of emerging market unicorns, and there's a strong possibility that they will have a detrimental impact on the ecosystem. I believe that emerging markets (any markets actually) should avoid chasing after inflated valuations and idiotic deals, as has been observed in the US and EU when interest rates were close to 0.
Over the past decade, the West has seen numerous unicorn companies emerge, but most of them haven't generated substantial profits. The US and EU markets can withstand significant setbacks, unlike emerging markets which tend to show signs of trouble much earlier, leading to a loss of investor confidence.
The upcoming five years will determine the success of the last generation of emerging market unicorns, and there's a strong possibility that they will have a detrimental impact on the ecosystem. I believe that emerging markets (any markets actually) should avoid chasing after inflated valuations and idiotic deals, as has been observed in the US and EU when interest rates were close to 0.