This research examines whether early-stage investors’ evaluative judgments during the initial assessment process, especially those regarding key espoused investment criteria, are related to subsequent new venture performance. Despite more than three decades of research in this topic, there is little evidence not only on whether there is a relationship between the initial overall assessment of investors and new ventures’ subsequent performance, but also on whether specific dimensions of these assessments, those that correspond with investors’ most often espoused investment criteria (i.e. the management team, the product and the market), are related to new venture performance. In this study, we set out to explore these relationships.