Ties and Teams in Start-up
Social relations involved in entrepreneurship are best explained in terms of networks because networks are needed to secure resources, to access customers and markets, and to reinforce legitimacy. Koller and Singh have pointed out that findings of the survey have shown that several entrepreneurs discovered opportunities through their social network and that these networks have quantitative and qualitative impacts on opportunity recognition. This chapter focuses on relations with former business associates or ‘umbilical ties’ and founding teams which are both relevant sets of social relations during start-up. Using data from the first Founders and Founding survey, the similarities and differences between the UK and Japan in terms of umbilical ties that amplify the significance of previous employment are examined. It also examines whether Japanese entrepreneurs experience difficulties in making collaborations due to their background and looks into how the UK entrepreneurs complement their skills and experience base.
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