Ep#7: Legitimizing Venture Studios with Neal Ghosh

Startups Decoded

Venture Studios are not all built the same, some focus on rapid ideation, others on deep operational support, and their structures can vary dramatically. Yet, the industry still struggles with legitimacy in the eyes of investors and founders alike. Are they incubators? Are they funds? How do they truly add value?

In this episode, I sit down with Neal Ghosh, an economist-turned-venture builder, to break down what separates high-quality venture studios from the rest. We’ll dive into the challenges of fundraising, the unique approach to creating and scaling companies, and how different models impact ownership, co-founder roles, and investment strategies. Most importantly, we’ll explore what a strong exit strategy looks like for both startups and the studios behind them.

If you’ve ever questioned how Venture Studios fit into the broader startup ecosystem, or if they even should—this is the conversation you need to hear.

Music Credit: "Neptuno" - Phondupe (Album: Onykia)

Neal Ghosh - LinkedIn

Neal Ghosh is an economist turned venture builder specializing in AI-driven decision-making, venture studio development, and market research. Starting in economic and financial research, he later transitioned to machine learning at Amazon, earning a patent for customer engagement algorithms.

He co-founded Amazon’s first internal venture studio and led strategy at Cogo Labs before launching 9point8, which provides tech-enabled services to venture studios. His latest product, LaunchIQ, supports early-stage investors, accelerators, and tech transfer offices. A frequent speaker in Boston’s startup ecosystem, Neal is also a self-published author, a ukulele player, and a proud PTO co-chair at his daughter’s school.

9point8 website