Study of the impact of start-up social network on the relationship between entrepreneurial competence and venture capital financing

This paper demonstrates the relationship among start-up social network, entrepreneurial competence and venture capital financing, and adapts the multi-industry large sample data to verify. The results show that in the financing process of start-ups, the stronger the entrepreneurial competence of entrepreneurs is, the more venture capital enterprises can get, and the relationship is further affected by start-up social network. Specifically, network specific information, mutual trust and altruistic motivation enhance the positive correlation relationship between entrepreneurial competence and venture capital financing. It reflects that start-up social network plays an important role in the course of venture capital financing.