Facebook, online social capital, and the rise of nascent entrepreneurs

2011 ◽  
Vol 2 (2) ◽  
pp. 7
Author(s):  
Peter H. Hackbert

Social capital is a critical aspect for launching a new venture. In the popular press and entrepreneurial education classrooms, develop your network is one of the most common pieces of entrepreneurial advice. Developing social capital is a crucial entrepreneurial competence. Three common questions are: What is the idea of a network of relationships as social capital? What are the dimensions of effective networks? How can nascent entrepreneurs develop strategies and abilities for building a valuable network? At Sierra Nevada College, the Sharon M. Croom Center for Entrepreneurial Leadership Teaching Fellows have designed the Entrepreneur Network Experiential Exercise to get students into thinking about these social capital resource questions and taking action in developing social networks.


Author(s):  
Siddharth Vedula ◽  
Casey J. Frid

Community social capital is increasingly recognized as an important regional resource for spurring entrepreneurial activity. A nascent but growing body of work has begun to link community social capital to entrepreneurship, focusing largely on outcomes such as rates of new venture creation. This chapter emphasizes ways in which community social capital can impact nascent entrepreneurship—namely, the activities founders undertake during the gestation phase before a new venture is created. It examines whether the types of activities undertaken by nascent entrepreneurs vary according to the prevalence (or absence) of community social capital within a region, and concludes with a research agenda for future work in this domain.


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