Thematics Venture Vision The World in 2030-110561912

M Global FoundationThematicsVenture Vision: The World in 2030Morgan Stanley & Co. International plc+Edward StanleyEquity Strategist Edward.Stanley@morganstanley.com +44 20 7425-0840 Matias OvrumEquity Strategist Matias.Ovrum@morganstanley.com +44 20 7425-9902 Our Venture Vision weeklies look at (1) early-stage cross-theme funding patterns; (2) relative valuations between themes; (3) public versus private valuations; and (4) the resulting anomalies within certain themes. Please let us know if you would like our excel database of >50,000 VC deals categorised by theme, country, value and date. We also send this file as a weekly distribution if you would like to receive it regularly. See our global market synopsis here. See here for our longer analysis on the state of the VC market, particularly as it relates to non-US Venture and innovation acceleration. There's triple the number of PE-backed businesses than public companies in the US and $13trn of private capital is compounding at a double-digit pace. Public investors can no longer ignore private disrupters. This is why we write our Venture Vision series and which will only accentuate by 2030.As we wrote about in our report - The World in 2030 in 10 Short Stories - we believe the rise of private markets and their increasing influence over public markets, will be an enduring theme. Below are some excerpts from the original report.Exhibit 1:The World in 2030 - 10 Short StoriesSource: Morgan Stanley ResearchExhibit 2:Number and size of public and private companiesSource: Pitchbook, WorldBank, Bloomberg, CapitalIQ, Morgan Stanley ResearchMorgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision.For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report.+= Analysts employed by non-U.S. affiliates are not registered with FINRA, may not be associated persons of the member and may not be subject to FINRA restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account. October 1, 2024 01:00 PM GMTM Global Foundation2Exhibit 3:Size and growth of private marketsSource: Bloomberg, Pitchbook, Cobolt, Morgan Stanley ResearchExhibit 4:Listed equity exposure to private markets by verticalSource: Companies, Morgan Stanley Research See below for more detail on: • Largest deals of the week• CleanTech VC weekly summary• Fintech VC weekly summary• Layoff activity from global start-ups• Public/private valuation estimates• Performance relative to public asset classesSee here for our longer analysis on the state of the VC market, particularly as it relates to non-US Ve