I hear you, in that since the smart-phone there has not been a new consumer platform shift, with all the value creation for new B2C companies that a platform sh

I hear you, in that since the smart-phone there has not been a new consumer platform shift, with all the value creation for new B2C companies that a platform shift implies. That said other parts of the ecosystem are having incredible bursts of innovation and new products: B2B SaaS, Cloud providers, Space (e.g. Starlink), Bio-Tech (e.g. Moderna and mRNA technology), Semi-conductors/Chip companies (TSMC + Nvidia + many many others). If you're wondering why VCs are eager to back new companies with small revenue but fast growth - it's because interest rates are very low, and the returns to winning are very high.