Abstract:In venture capital market, high uncertainty makes venture capital companies rely on syndication to gain competitive advantage. Existing research discusses the significance of syndication investment network to venture capital companies and regional economy, but ignores the performance difference of venture capital firms resulted from different position embedded in syndication investment network. This paper establishes a model focusing the relationship between network centrality and investment performance. Combined with the case study of IDGVC, the paper concludes as follows: in the venture capital syndication investment network, the higher the centrality of VCs, the stronger the ability to identify opportunities. Besides, they are easier to bring other members’ synergy and form their reputation outside the network,which leads to positive performance.