Nascent entrepreneurs have attracted increased interest in recent years due to the insights they can provide upon the opportunity identification and exploitation processes (Davidsson and Honig, 2003; Reynolds et al., 2004). The limited studies conducted propose that specific human capital, in terms of prior entrepreneurial experience and level of education relate to the decision to create a new venture for the first time. It is argued that specific social capital such as strong ties to entrepreneurs also influence the venture creation decision (Hoang and Antoncic, 2003). These studies call for longitudinal research to consider the temporal sequence of this capital development and its significance in the venture creation process. Moreover despite increasing attention upon academic entrepreneurs and university spin off companies in particular, the phenomenon of nascent academic entrepreneurs remains relatively opaque. This study considers the question of how the dynamic interplay of human and social capital influences the propensity of academics to create new ventures.