Due to defects in new entry and limited natural resources, the development of new venture is a unique growth problem. This paper uses a threedimensional analytic framework for sources of new venture’ competitive advantages to deeply analyze the history of TCL International Electrotechnical. We found out that competitive advantages of TCL International Electrotechnical’ rapid growth come from the combination of many forces: i) social capital’ development and utilization is the basis of quick establishment, high starting point and a favorable competitive position for new ventures ; ii) marketing network’ construction and innovation in management provide conditions for new venture to integrate channel resources rapidly and gain competitive advantages at low costs; iii) proper selection of technological innovation strategy is the main source for new ventures to keep technological innovation capability and gain sustainable competitive advantages.