Internationalisation is a process that for some new ventures is commensurate with, or derives from other processes e.g. founding and building the firm (entrepreneurship), advancing a new technology (innovation) as well as entering international markets for resources and sales. Social capital, the goodwill available to firms through networks is accessed or created through networking and involves making connections or ties with other individuals, firms or institutions. Connections can be made in domestic or international environments, and either may extend locally, or internationally. The extent to which firms are able to capture the value of social capital appears, from our earlier research to depend on the extent to which the entrepreneurs can align with each connection on a cognitive, relational or structural level (Nahapiet and Ghoshal, 1998), and whether alignment is complete given spatial distance between the players, and the timing of the connection in terms of each firm’s readiness to do business together.