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Social networks in entrepreneurial startups development

Bibliographic Data

ID2434537
AuthorsLukáš Durda (0000-0001-5979-9855), Aleksandr Ključnikov (0000-0003-0350-2658)
Year2019
Volume12
Issue3
Pages192-208
Publication date2019-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomics & Sociology (JOURNAL)
Journal identifiersISSN: 2071-789X • E-ISSN: 2306-3459
PublisherCentre of Sociological Research, Szczecin, Poland (PUBLISHER • PL)
DOI10.14254/2071-789x.2019/12-3/13
OpenAlexW2982156470
LanguageEN
Citations received4
References cited6

The paper focuses on researching the role of social networking in the development of startup companies in the Czech Republic. The goal is to identify key groups that help startups to set up and develop, identify areas where startups get help through the social networks of their founders and/or key members, and analyze the relationship between the types of the contacts and help provided. The paper presents the results of a deep questionnaire survey of startup founders from 51 out of approximately 1450 startups in the Czech Republic. IBM SPSS Statistics 21 software and Fisher's exact test were used in two-dimensional data analysis at the significance level of 0.05 and 0.01. The results demonstrate the use of strong and weak ties in the establishment and development of a startup business. Key groups include business partners and friends, both in terms of their utilization rates, their key role and the amount of assistance provided, and business angels in terms of fundraising, and technology and marketing advice. The importance of some weak ties does not correspond to their use (both positively and negatively). The results of the survey showed the contradictory role of incubators and accelerators. While 63% of startups used the help of business incubators, the support for building networks and links with the external environment in the incubators seems to be underestimated. Our results imply that the support programs for the startups should include the networking programs with the external parties.

Business · Entrepreneurship · Industrial organization · New Ventures · Social entrepreneurship · Entrepreneurship Studies and Influences · FinTech, Crowdfunding, Digital Finance · Knowledge Management and Sharing

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  • The Strength of Weak Ties

    Mark Granovetter, Mark S Granovetter•American Journal of Sociology•1973

Unique citing works4
Citations per year0,8
Citation span2021 - 2023 (3)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 4

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Open DOIOpen Access
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