Opportunities have been a focus of entrepreneurship research, but the bulk of that work has been conceptual (see Short et al. (2010) for a review). The concept of opportunity types offers promise, but has remained empirically elusive (Dimov, 2011). The true value of a theoretical distinction between opportunity types rests on their implications for entrepreneurial processes. Entrepreneurial expertise has been shown to be important opportunity identification, yet research on creation opportunities assumes that there are no predictive differences in entrepreneurs ex ante. Thus, we investigate the relationship between prior experience, opportunity type and their effect on new venture performance.