Entrepreneurship and the Evolution of Angel Financial Networks
通过纵向案例研究，考察了一家新创企业内天使金融网络的形成与演变，并探讨了社会资本和结构洞理论在创业情境中的应用。
The success of a new venture often depends on an entrepreneur's ability to establish a network of supportive relationships. The mobilization of financial resources is a particularly important entrepreneurial activity. Informal or `angel' investors represent a significant source of venture capital. However, the challenges of organizing and managing a supportive angel network are considerable. This paper reports the findings of a longitudinal study of the development and evolution of an angel financial network within a newly created firm and further refines how theories of social capital and structural holes might be usefully applied to an entrepreneurial context. Suggestions for further research are presented in the form of propositions.