Abstract: Entrepreneurial learning is a vital approach for new venture to get survival and growth. In recent years, the research on entrepreneurial learning in the field of entrepreneurship has been concerned greatly. Although the importance of entrepreneurial learning on entrepreneurship has been emphasized, the existing literature is still stay in the definition phase and pays little attention to the complex mechanism of entrepreneurial learning. Based on the field research in Chang Chun and Hang Zhou, the paper attempts to explore how different entrepreneurial learning styles (experiential learning and cognitive learning) influence the development of entrepreneurial capability (opportunity recognition capability and opportunity exploit capability) and further affect performance. The empirical result reveals that both entrepreneurial learning and entrepreneurial capability have positive effects to the performance, and different entrepreneurial capabilities play different mediating role in the relationship between the entrepreneurial learning and new venture performance.