Failing to recognize entrepreneurial risks may lead to entrepreneurial failure． Social networks can be useful to entrepreneurs when mitigating such risks by helping them to overcome information liability，but few existing studies explore whether and how social networks affect entrepreneurial risk recognition． To fill this gap，a model of entrepreneurial risk recognition is built based on information processing theory． The results in-dicate that structural holes and network strength can help entrepreneurs acquire more and higher quality infor-mation to recognize more entrepreneurial risks． The quantity of the information acquired completely mediates the relationship between network strength and entrepreneurial risk recognition． Moreover，prior experience has a positive effect on entrepreneurial risk recognition，and moderates the relationship between structural holes and the quantity of information acquired． The theoretical and managerial implications are also discussed．