Due to the contribution of female entrepreneurs to global economic growth， more and more scholars have shown great interest in how the personality characteristics of female entrepreneurs shape organizational performance. Based on personality theory， entrepreneurial three-factor theory and the studies related to gender stereotypes of entrepreneurs， it made an empirical analysis using the questionnaire survey data of 316 female entrepreneurs from new ventures in China. The results show that the relationship of female entrepreneurs’ narcissism and new venture performance is inverted U-shaped， and political connections and entrepreneurial passion of female entrepreneurs positively moderate this relationship. It focuses on personality theory and anti-gender stereotype behavior in the study of female entrepreneurship， and deepens and expands the study of female entrepreneurship theory.