Not long ago, someone I had just met (an acquaintance I barely knew) asked me to introduce them to someone in my network.
“Hey, can you introduce me to this person? I saw you're connected on LinkedIn. Thanks!”
It really irritated me. I wasn’t sure why at first. I love helping people and making introductions. I usually do it instinctively. But something about this one felt off. Maybe it was how they phrased it, or maybe it was how casually they assumed I’d say yes.
So I started thinking more about relationships, specifically, the difference between transactional and non-transactional ones, and how social capital plays a role. Around the same time, I came across Vaishnav Sunil's work on social theory, which frankly inspired a lot of my thinking.
My thoughts on the topic:
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1. “Transactional” Relationships
When people describe someone as transactional, they’re often thinking of a situation like the one I shared at the start – someone asking for a favor the moment you meet them.
But here’s the truth: all relationships are transactional. Every relationship operates under a social contract between two people, though the nature of those contracts can vary.
What most people label as “transactional” typically refers to relationships where the terms are explicit and conditional. Take an employer-employee relationship: the employer pays a salary, and the employee performs a defined role. The expectations are clear. There’s a direct exchange.
Contrast that with a more implicit agreement, like the one between close friends. Nothing is written down, but the unspoken understanding is mutual support, trust, and time. The “contract” is looser, but still present.
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2. Building Trust
Let’s say you just met someone and purely saw them as a means to an end – someone who can get you a job, introduce you to an investor, or promote your business. You’d probably make the ask regardless of what it might cost them or how little trust you’ve built. You’d act more transactionally.
Now invert it.
You meet someone you genuinely want to build a long-term relationship with over decades. You respect them and believe the lifetime value of the relationship is worth more than any short-term gain. You’d probably be more cautious and wait before asking for anything. You’d focus on building trust first.
That’s why the example I shared at the beginning irritated me. It signaled that this person saw me as a shortcut to their goal, not a human worth investing in.
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So how do you build social capital?
1 – You treat every relationship like it’s going to last for decades.
2 – Build your well long before you need water.
3 – Make introductions thoughtfully. What takes you a minute could result in a decade of value for two other people.
4 – Don’t ask for a favor too early. Or you're signaling that you want to play short-term games.