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Beneath the Surface

Matt Milner: The Next Decade’s “Fantastic 40” Tech Stocks

Loading ...Addison Wiggin

July 9, 2025 • 4 minute, 11 second read


private debtprivate equityPrivate investingTech Stocks

Matt Milner: The Next Decade’s “Fantastic 40” Tech Stocks

“Computer science is no more about computers
than astronomy is about telescopes.”

~ E. W. Dijkstra

Turn Your Images On

Looking beyond the “Magnificent Seven” of the early A.I. boom to see
a whole new future for the markets in the decade ahead

July 9, 2025 — Every few decades, Wall Street changes the rules.

First it was blue-chip stocks.

Then it was tech stocks.

More recently, it’s been private startups.

But now the shift is accelerating, fast — toward the Fantastic 40.

Let me explain.

A Glimpse into 2030

At its recent “East Meets West” investor conference, $70 billion investment firm Coatue released a fascinating report.

It wasn’t about interest rates, fund flows, or politics.

Instead, it was a clear-eyed forecast about where the biggest growth will come from over the next five years.

Turn Your Images On

According to Coatue, a handful of giants like Microsoft will continue to grow steadily. But the biggest gains won’t come from companies in the public markets.

Instead, they’ll come from startups in the private market — pre-IPO companies like SpaceX, OpenAI, xAI, Stripe, Anthropic, and DataBricks.

Coatue believes private firms like these will become the dominant companies of the future — and provide the biggest financial returns.

Wall Street Knows the Game Has Changed

It’s not just Coatue making these calls.

Behind closed doors, the smartest money in the world is chasing the same playbook.

Venture-capital firms, sovereign wealth funds, hedge funds — they’re all piling into pre-IPO opportunities, often years before these startups consider going public.

Why? Because that’s where the returns are.

Over the last decade, the average length of time a startup stays private has doubled. That means more of its explosive growth is happening before its IPO.

Bottom line: If you’re only investing in the stock market, you’re missing the party.

Continued Below…

September 9: Denmark’s Last Gasp…

Turn On Your Images.

The Arctic’s vast abundance of riches — shipping lanes, resources, and space ports — makes it an economic and geopolitical Holy Grail, which is why Denmark’s stewardship of Greenland must end.

Greenland needs real protection. American protection.

Investors, take notice…

As the United Nations General Assembly approaches (on September 9), the potential exists for a bombshell announcement regarding Greenland. We mapped Greenland’s five major profit zones, which could boom any minute.

Click here to view our presentation, ASAP >>

The Growth Is Going Private

To be clear — the stock market isn’t going away.

But if you look at recent IPOs (Instacart, Reddit, even Stripe’s partial tender), you’ll notice something striking:

These companies are going public later — at vastly higher valuations, and with slower near-term growth prospects. Much of their best growth is already behind them.

It’s the investors who got in five or ten years ago, during the private funding rounds, who captured the biggest upside.

That’s why Coatue’s forecasts are so telling. They’re not just painting a rosy picture of the future. They’re hinting at where the real money will be made.

How You Can Get Involved

Historically, investing in the private markets was reserved for institutions or ultra-wealthy insiders.

But that’s changing.

For example, Coatue just launched its CTEK Innovation Fund to help investors capture the growth of the future, regardless of whether it comes from public stocks or private startups.

Unfortunately, it has a $50,000 minimum investment.

Not ready to invest $50k? Even if you’re starting with just $100, you now have more ways than ever to access private markets.

Yes, risks are higher.

Yes, due diligence is incredibly important.

But for investors willing to look beyond the traditional 60/40 portfolio, the rewards can be well worth it.

The Bottom Line

The next Microsoft or Uber isn’t listed on the NASDAQ — not yet, anyway.

It’s probably a private company, growing at 100%+ per year, out of reach of most investors.

But that’s where we come in.

At Crowdability, our mission is to educate you and show you where the highest-potential startup opportunities can be found — before they go public.

Because this isn’t just the future…

It’s where the smartest money is going today.

Best Regards,

Turn Your Images On

Founder Crowdability.com and Grey Swan

P.S. From Addison: Paid members, please join us for Grey Swan Live! with Matt Milner this Thursday, July 10 at 11 a.m. ET.

We’ll introduce you to Matt more formally and discuss several of the private offerings we’ve emailed you about in the past several weeks. You may recall having read about Matt’s back door offerings for Elon Musk’s SpaceX, Starlink and xAi offerings? If you’re interested in learning more, please join us and ask questions.

With both private credit and private equity markets gaining pop trend status in the investment markets, we’ll dig deeper into private placements. We’ll explore the new opportunities being offered to individual investors in this environment and lay bare the pitfalls and sand traps to avoid as the market opens up.

Join Matt Milner, Andrew Packer and I on Grey Swan Live!  Thursday, July 10 at 11 a.m. ET.


How To Know When It’s the Top

October 31, 2025 • Dominic Frisby

My mum remembers the gold fever – and indeed the silver fever (silver spiked to $50 three days earlier on January 18). Even today, 45 years on, the silver price is lower than it was then – that’s how insane that spike was.

She recalls people queuing up to sell their family silver. Not to buy it. To sell it.

So that is something I am looking for to tell than this bull market is close to an end: when retail, ordinary people, start selling their physical in droves.

We are not there yet.

How To Know When It’s the Top
Things You Cannot Unsee

October 31, 2025 • Addison Wiggin

After yesterday’s meeting between Presidents Trump and Xi, the world’s two largest economies agreed to reduce the 20% fentanyl-related tariffs to 10%, while Beijing paused its rare earth export restrictions.

The markets would normally have cheered such détente. But investors were still haunted by Jerome Powell’s warning that the Fed may not cut rates again in December. And a renewed awareness that the AI bubble may, in fact, be in the “melt-up” phase… driven by expansive capital expenditures, financed by debt. 

Things You Cannot Unsee
1998, Redux

October 31, 2025 • Addison Wiggin

In his press conference after lowering interest rates a quarter point this week, Federal Reserve Chairman Jerome Powell laid out the case that the AI boom was nothing like the dotcom bubble.

There’s just one problem. The market is following the dotcom boom nearly perfectly – with 2025 following closely to 1998.

1998, Redux
Socialism Whacked

October 30, 2025 • Bill Bonner

Milei, meanwhile, is doing something different. He’s cutting budgets, trimming employees, and chopping off unnecessary bureaucratic appendages. He’s been in office for a little shy of two years. During that time, he’s reduced inflation by about 90% and cut the budget deficit by 100%. Argentina has climbed out of its almost permanent recession to have the fastest growing economy in the Americas, with GDP growth more than twice that of the US. Real wages have tripled. And poverty has been cut by 40%.

Socialism Whacked