Catalyzing Strategies and Efficient Tie Formation: How Entrepreneurial Firms Obtain Investment Ties
研究创业企业高管如何高效形成投资关系，发现两条路径：依赖现有强关系（仅限特权企业）或采用催化策略（多数企业可用），对创业者和战略研究者有启发。
Although network ties are crucial for firm performance, the strategies by which executives actually form ties are relatively unexplored. In this study, we introduce a new construct, tie formation efficiency, and clarify its importance for superior network outcomes. Building on fieldwork in nine Internet security ventures seeking investment ties, we unexpectedly identify two "equifinal" paths for how executives form ties efficiently. One relies on existing strong direct ties and is only available to privileged firms. The other relies on a second new concept, catalyzing strategies, a means by which executives advantageously shape opportunities and inducements to form ties that is available to many firms. Overall, we add insights to the network and signaling literatures and to the nascent literature on how strategic action, especially by low-power actors such as entrepreneurs, shapes critical network outcomes.