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The ability to innovation of high growth firms is dependent on the knowledge of the firm's entrepreneurs. Three key components including entrepreneur, knowledge and network are widely recognised as common and important elements of the innovation, much of the literature has been dominated by studies focused on one or two components in isolation. This paper seeks to synthesise a more complete and integrative model of innovations. This study is built upon Nahapiet and Ghoshal's three dimensions of social capital-structural, relational, and cognitive to theoretically discuss the effect of high-tech entrepreneurial social capital on knowledge acquisition and technological innovation in the growth stage of high-tech entrepreneurial firm, On the basis of the above argument, this paper has put forward several hypothesis and pointed out main implications and future research directions.