This article explores the relationship between the diversity of experiences, the relevance of experiences and new technologybased venture performance as well as the moderating effect of the innovativeness of entrepreneurial opportunity. The results show that the diversity of experiences and the industry relevance of experience have significant positive effects on new technologybased venture performance. And the innovativeness of entrepreneurial opportunity has a positive moderating effect on the relationship between the diversity of experiences and new technologybased venture performance, while the negative moderating effect is found to the functional relevance of prior experience. The implications to theory and practice are also discussed.