Abstract
The purpose of this study is to examine a process of the entrepreneurial networking in the seedtime. In this study a case of Anicom International Co., Ltd., which entered into the animal insurance industry and attained rapid growth, is investigated. Based on our empirical evidence, new principle of the network formation is developed. Although previous studies discussed the formation of entrepreneurial networks from an entrepreneur-centered view, our findings show that the selection by the cooperator is a key factor in explaining the formation of an entrepreneurial network. Then the validity and limitations of two exiting concepts, Ba and the informal hierarchy, are discussed in detail and theoretical implications are presented.
