About this episode
Why does today’s venture market feel increasingly untethered from historical precedent?
David Weisburd speaks with Narayan Chowdhury about structural shifts in venture capital, the limits of data-driven decision-making, and how founders and investors navigate an unusually noisy and fragmented market. Narayan shares how access, trust, and long-term relationships are becoming more important as traditional signals lose reliability.
Highlights:
Why the current venture market feels unprecedented and difficult to underwrite
Structural gaps in venture data and challenges in finding ground truth
The role of access and founder selection in venture outcomes
How regime shifts reduce the usefulness of backward-looking analysis
Why founder trust and long-term relationships matter more than branding
The risks of overfished strategies and consensus thinking
Differences between generalist and specialist venture approaches
How institutional LPs evaluate manager behavior through market cycles
Why small teams can now build and scale faster than ever
Guest Bio:
Narayan Chowdhury is a Co-Founder and Partner at Franklin Park, a Philadelphia-based investment firm overseeing approximately $21 billion in assets. He has over two decades of experience allocating capital across venture and private markets, with a focus on manager selection, long-term partnerships, and disciplined portfolio construction amid evolving market regimes.
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Sponsor:
AlphaSense is the AI-powered market intelligence platform trusted by 85% of the S&P 100, helping investment professionals make faster, more confident, data-driven decisions. Built for hedge funds, asset allocators, private venture capital firms, and investment bankers, AlphaSense uses advanced AI and powerful search across premium proprietary content to surface the insights that matter most—before the market moves. Elevate your research and stay ahead of the competition. Visit https://www.alpha-sense.com/howiinvest/ to learn more.
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Stay Connected with Narayan Chowdhury:
LinkedIn: https://www.linkedin.com/in/narayan-chowdhury/
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