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The Two Sides of the Story: Network Investments and New Venture Creation

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  • Thorsten Semrau
  • Arndt Werner

Abstract

It is widely recognized that networks provide access to resources necessary for founding a new venture. However, they also come along with opportunity costs of time. We therefore argue that maintaining a set of network relationships is an investment that may not always pay off. More specifically, we develop detailed hypotheses on why the relationship between investing time in developing and maintaining a larger network and more intense network relationships and success in new venture creation may be best described by an inverted U. Testing our hypotheses on longitudinal data of 137 nascent entrepreneurs, we find broad support for our propositions.

Suggested Citation

  • Thorsten Semrau & Arndt Werner, 2012. "The Two Sides of the Story: Network Investments and New Venture Creation," Journal of Small Business Management, Taylor & Francis Journals, vol. 50(1), pages 159-180, January.
    • Handle: RePEc:taf:ujbmxx:v:50:y:2012:i:1:p:159-180
    DOI: 10.1111/j.1540-627X.2011.00348.x
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    Cited by:

    1. Valérie François & Christophe Lafaye & Matthieu Belarouci, 2021. "The role of social capital in the growth of innovative nascent firms: the moderating effect of incubators," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 25(4/5), pages 326-345.
    2. Valérie François & Christophe Lafaye & Matthieu Belarouci, 2019. "The role of social capital in the growth of young innovative firms: Incubated versus non-incubated [El papel del capital social en el crecimiento de las jóvenes empresas innovadoras: diferencias en," Post-Print hal-02509204, HAL.

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