Understanding networks and the role of social capital in the development of entrepreneurial ventures is a dominant theme within the entrepreneurship, yet a number of enduring gaps in our knowledge and understanding of entrepreneurial networks exist. In the search to generate a more nuanced approach to culture, power, agency and structure, organizational analysts and, more recently, entrepreneurship scholars are employing Bourdieu’s (1977) practice perspective. Such studies highlight that entrepreneurs’ resource acquisition involves complex interplays between multiple agents engaged in field-level struggles over access to resources (Bourdieu, 1986). This paper enriches the theoretical development of social network studies in entrepreneurship by examining the context and convertibility of various forms of capital.