This study examines to what extent Internet firms have globalized and the key factors that have enabled some firms to globalize more than others. Contrary to arguments that Internet-based firms automatically benefit from a global market, this study shows that most Internet firms serve regional...

Although there is substantial agreement on the importance of firm networks and social capital for new startup firms, there has been little work examining how they develop in an emerging industry and how they change over time. To answer these questions, we examine changes in the firm networks of...