Venture capital industry plays an important role in developing Taiwan’s industries and raising high techenology. This research concentrates on the effect of venture capital industry on high-tech industry and studies on whether the financial performance and stock market price of high-tech companies are influenced by being invested by venture capital or not. Therefore, financial performance is measured by profitability, growth, solvency and management. The stock return is measured by average abnormal return. The results indicate that companies with venture capital have better performance in the growth rate of pre-tax earnings and net income. Another subject of this research is to evaluated the returns of 185 newly listed electronic stock by Fama-French three factors model. The results show that companies with venture capital have better performance in average abnormal return. In addition, the returns patterns for both groups are similar after companies have been bisted 120 days.