"Failed to spawn Radzen.Server process" error

I am downloaded the latest version of radzen and when I create a new application, I get the following error. What could the underlying issue be?

[2021-03-31 23:29:41.678] [error] Failed to spawn Radzen.Server process. Unhandled exception. System.IO.IOException: Failed to bind to address http://localhost:4000.
 ---> System.AggregateException: One or more errors occurred. (An attempt was made to access a socket in a way forbidden by its access permissions.) (An attempt was made to access a socket in a way forbidden by its access permissions.)
 ---> System.Net.Sockets.SocketException (10013): An attempt was made to access a socket in a way forbidden by its access permissions.
   at System.Net.Sockets.Socket.UpdateStatusAfterSocketErrorAndThrowException(SocketError error, String callerName)
   at System.Net.Sockets.Socket.DoBind(EndPoint endPointSnapshot, SocketAddress socketAddress)
   at System.Net.Sockets.Socket.Bind(EndPoint localEP)
   at Microsoft.AspNetCore.Server.Kestrel.Transport.Sockets.SocketConnectionListener.<Bind>g__BindSocket|13_0(<>c__DisplayClass13_0& )
   at Microsoft.AspNetCore.Server.Kestrel.Transport.Sockets.SocketConnectionListener.Bind()
   at Microsoft.AspNetCore.Server.Kestrel.Transport.Sockets.SocketTransportFactory.BindAsync(EndPoint endpoint, CancellationToken cancellationToken)
   at Microsoft.AspNetCore.Server.Kestrel.Core.Internal.Infrastructure.TransportManager.BindAsync(EndPoint endPoint, ConnectionDelegate connectionDelegate, EndpointConfig endpointConfig)
   at Microsoft.AspNetCore.Server.Kestrel.Core.KestrelServerImpl.<>c__DisplayClass29_0`1.<<StartAsync>g__OnBind|0>d.MoveNext()
--- End of stack trace from previous location ---
   at Microsoft.AspNetCore.Server.Kestrel.Core.Internal.AddressBinder.BindEndpointAsync(ListenOptions endpoint, AddressBindContext context)
   at Microsoft.AspNetCore.Server.Kestrel.Core.LocalhostListenOptions.BindAsync(AddressBindContext context)
   --- End of inner exception stack trace ---
 ---> (Inner Exception #1) System.Net.Sockets.SocketException (10013): An attempt was made to access a socket in a way forbidden by its access permissions.
   at System.Net.Sockets.Socket.UpdateStatusAfterSocketErrorAndThrowException(SocketError error, String callerName)
   at System.Net.Sockets.Socket.DoBind(EndPoint endPointSnapshot, SocketAddress socketAddress)
   at System.Net.Sockets.Socket.Bind(EndPoint localEP)
   at Microsoft.AspNetCore.Server.Kestrel.Transport.Sockets.SocketConnectionListener.<Bind>g__BindSocket|13_0(<>c__DisplayClass13_0& )
   at Microsoft.AspNetCore.Server.Kestrel.Transport.Sockets.SocketConnectionListener.Bind()
   at Microsoft.AspNetCore.Server.Kestrel.Transport.Sockets.SocketTransportFactory.BindAsync(EndPoint endpoint, CancellationToken cancellationToken)
   at Microsoft.AspNetCore.Server.Kestrel.Core.Internal.Infrastructure.TransportManager.BindAsync(EndPoint endPoint, ConnectionDelegate connectionDelegate, EndpointConfig endpointConfig)
   at Microsoft.AspNetCore.Server.Kestrel.Core.KestrelServerImpl.<>c__DisplayClass29_0`1.<<StartAsync>g__OnBind|0>d.MoveNext()
--- End of stack trace from previous location ---
   at Microsoft.AspNetCore.Server.Kestrel.Core.Internal.AddressBinder.BindEndpointAsync(ListenOptions endpoint, AddressBindContext context)
   at Microsoft.AspNetCore.Server.Kestrel.Core.LocalhostListenOptions.BindAsync(AddressBindContext context)<---

   --- End of inner exception stack trace ---
   at Microsoft.AspNetCore.Server.Kestrel.Core.LocalhostListenOptions.BindAsync(AddressBindContext context)
   at Microsoft.AspNetCore.Server.Kestrel.Core.Internal.AddressBinder.AddressesStrategy.BindAsync(AddressBindContext context)
   at Microsoft.AspNetCore.Server.Kestrel.Core.Internal.AddressBinder.BindAsync(IEnumerable`1 listenOptions, AddressBindContext context)
   at Microsoft.AspNetCore.Server.Kestrel.Core.KestrelServerImpl.BindAsync(CancellationToken cancellationToken)
   at Microsoft.AspNetCore.Server.Kestrel.Core.KestrelServerImpl.StartAsync[TContext](IHttpApplication`1 application, CancellationToken cancellationToken)
   at Microsoft.AspNetCore.Hosting.WebHost.StartAsync(CancellationToken cancellationToken)
   at Microsoft.AspNetCore.Hosting.WebHost.Start()
   at Radzen.Server.Program.<>c__DisplayClass0_0.<Main>b__0()
   at McMaster.Extensions.CommandLineUtils.CommandLineApplicationExtensions.<>c__DisplayClass9_0.<OnExecute>b__0()
   at McMaster.Extensions.CommandLineUtils.CommandLineApplication.Execute(String[] args)
   at Radzen.Server.Program.Main(String[] args)

I searched online for this error and found this blog post. It seems port 4000 is forbidden for some reason.