From the perspective of the professional background of venture capitalists,this paper compares the investment performances of two different types of venture capitalists,which are characterized as financial background and business background, respectively. Data of the venture capital projects,individual venture capitalists and invested enterprises show that venture capitalists with financial background are more likely to be successful than that those with business background. Specifically,in terms of the investment performance of the venture capitalists with financial background,the probability of exiting from the investment project by IPO is higher. Meanwhile,this type of venture capitalists,which usually exhibit more radical investment style,always prefer independent,trans-regional and large scale investment. Further analysis indicates that the financial background of the venture capitalists could help invested enterprises to finance more quickly and easily in the next round of VC and to hire better underwriters,which is conductive to obtaining relatively high IPO price and low underpricing rate,in the process of IPO.