Entrepreneurial Studies Have Garnered Increasing Amount of Attention and Research Interests. In this paper we study the resources, trust, supporting firm willingness to cooperate, and competitiveness of high-tech firms. We divide the lifecycle of a firm into the early stage and the growth stage, focusing on the characteristics of the network in each of the two stages and the evolution of the networks from one to the other. We find that trust is one of the most important factors in attracting network resources in both the early and the growth stages. Proper management of trust can substantially improve the competitiveness of the organization. By comparison, an entrepreneur's own resources are less important in attracting cooperation of other firms in either stage; however, they are crucial to startups ability to compete and grow. Overall, we find that trust and competitiveness of a firm are keys to the growth and ultimate success of a startup. Besides relying on an entrepreneur and through internal development, resources of a startup can be acquired through successful cooperative network.