Social network research has shown that tie strength affects information dissemination, and that industry embeddedness aids firm performance. Strategy research has also considered how firm status can lead to superior operating results. Combining these two research streams, we ask how venture syndicate participants’ status and tie strength influences entrepreneurial firm success. Exploratory interviews were conducted with thirteen venture capitalists (VCs), followed by network and regression analyses using VentureXpert data. Findings suggest that strong-tie venture syndicates increases the likelihood of entrepreneurial firm success. This is the first known study to test status and tie strength, within the domain of venture capital.