SOLVED: Trying to install BigSur Beta with Parallel 16 on my new 2020 Imac failed

I tried to install Big Sur Beta 5 with Parallel Desktop 16 following the steps suggested from Parallel on my new Imac 2020. I know that the new Imac itself is not compatible with Beta 5 (what a strange thing!), but thought that this wouldn´t matter with a VM in Parallel. But after turning the VM ON I am stuck at the apple logo and nothing happens. Even a verbose booting didn´t reveal much, just stopped doing anything, no error, nothing. Any suggestions? Thanks in advanve!

 

Changing the hypervisor to apple and waiting for more than 10 Minutes solved the problem - BigSurBeta now working in the virtual machine. Thread closed