Session Details: Session 1087

Networks and New Ventures

Track K

Date: Wednesday, October 15, 2008


Time: 10:00 – 11:15

Common Ground

Room: Salon 19


Title: A Co-Authorship Analysis of Entrepreneurship Literature


  • Thomas Nelson, University of Louisville

Abstract: This paper examines co-authoring in the literature of the entrepreneurship field from both a structural holes and a cohesion perspective. The co-authoring network structure is shown, examined, and interpreted on a mesa level (the entire network), an intermediate level (sub-networks), and a micro (individual) level. The structural hole filling strategy is compared with cohesion for relevance and effectiveness as a publication strategy. Individual centrality measures are related to alternative publishing strategies. Network roles are explored, and individual exemplars of those roles are discussed.

Title: Interorganizational Relationships and New Venture Milestone Attainment


  • Claudia Schoonhoven, University of California-Irvine
  • Jennifer Woolley, Santa Clara University

Abstract: While it has been shown that public firms enjoy favorable stock market reactions to alliance announcement, scant research has investigated the uncertain financial benefits of alliances for new firms. We address the untested assumption that alliances enhance attainment of early financial milestones in new technology-based firms, arguing that it is necessary to consider resources brought by both partners to an interorganizational dyad. We found that an alliance partner’s higher prominence, (but not business relatedness or cultural similarity), alliance type (joint product development) and attributes of the new venture (strong team, equity raised, % of external board members, alliance experience) shortened time to early revenue milestone attainment ($20mm). When the $50mm revenue milestone is attained, partner prominence and new venture alliance experience are no longer significant. We discuss theoretical implications of these findings.

Title: Mutualistic Entrepreneurship: The Case of Facebook


  • Duncan Robertson, University of Warwick
  • Terence Fan, Singapore Management University

Abstract: In this paper, we use a novel data set: developers of software applications that are built on top of the Facebook Social Networking site. We describe this as ‘mutualistic’ entrepreneurship where the host (in this case, Facebook Inc.) develops synergistically with the entrepreneur. Using our data, we are able to identify characteristics of the ‘pure’ entrepreneurial team at the inception of the enterprise. Heterogeneity of entrepreneurial team members yields competitive advantage, while including heterogeneous members into the team does not. The classification of the type of entrepreneurial social network has gained recent attention. We formalize this classification and show that the network of universities to which these mutualistic entrepreneurs belong is a Small World.

Title: Social Networks of Serial Entrepreneurial Directors


  • Martin Papadatos, University of Cambridge
  • Paul Kattuman, University of Cambridge

Abstract: Individuals bring a variety of resources to the founding and running of companies. Human resources include not only personal characteristics such as education, experience and leadership skills but also social capital that may arise from being part of a network. The focus of this research is on how entrepreneurship is driven and influenced by the social capital characteristics of directors of companies. Three social network based mechanisms drive founding directorships - accumulative advantage, trend-following, and expectation of success. We find some network characteristics are more influential upon serial entrepreneurship than others and consequently some directors are more advantageously positioned for new venture creation.

Title: The Interactive Effect of Social Capital and Embeddedness on Learning From Network Relationships


  • Mathew Hughes, Durham University
  • Robert Morgan, Cardiff University
  • Duane Ireland, Texas A&M University
  • Paul Hughes, De Montfort University

Abstract: Social capital theory holds that as interactions among firms increase along structural, relational, and cognitive dimensions, social capital develops and allows young firms to gain increasing access to knowledge, which helps to improve business performance. But we argue this view is insufficient to explain the complexity of the value-creating process. So, we examine the moderating effect of embeddedness on social capital. We then examine whether learning has a direct effect on business performance. We find that embeddedness in two different sets of relations differentially moderates the effect of social capital on learning and changes the ways in which its dimensions work in unlocking learning. We then find that learning has a negative relationship with business performance but is positively moderated by knowledge assimilation processes.

All Sessions in Track K...

Sun: 10:00 – 11:30
Session 1507: Strategic Entrepreneurship Journal and its Relation to Entrepreneurship and Strategy
Sun: 13:00 – 14:30
Session 1607: University Entrepreneurship
Mon: 11:15 – 12:30
Session 1080: Ready, Set, GO! Launch Strategy and Performance
Session 1082: Corporate Venture Capital
Mon: 15:30 – 16:45
Session 1085: Small Firm Strategy
Mon: 17:00 – 18:15
Session 1079: Entrepreneurship in Context: International and Institutional Influences
Tue: 11:15 – 12:30
Session 1078: Entrepreneurial Orientation
Session 1083: IPOs: Causes and Consequences
Tue: 14:30 – 15:45
Session 1094: Learning and Performace in New Ventures
Wed: 10:00 – 11:15
Session 1087: Networks and New Ventures
Session 1097: Raising Capital - Risky Business!
Wed: 11:30 – 12:45
Session 1081: Venture Capital Investment: Worth the price?
Session 1099: Entrepreneurship Theory: Emerging Views

Strategic Management Society

Cologne Conference