Using ways of the trust, entrepreneurial orientation and the performance of venture enterprise

Drawing on the related literature, the using ways of the trust between an entrepreneur and an venture capitalist are firstly divided into the exploiting and the exploratory; and then the paper empirically investigates its relationship with the entrepreneurial orientation and the entrepreneurial performance. Our results shows: (1) the using way of the trust and entrepreneurial orientation take positive effects on entrepreneurial performance of new ventures directly; (2) entrepreneurial orientation has the mediating effect between the using way of the trust and entrepreneurial performance, so enhancing entrepreneur´s self-efficacy can improving the performance of the new ventures.