Recently scholars have suggested that reflection is an important, or even essential, aspect of entrepreneurship teaching. However, there has been little empirical research on the links between reflection and entrepreneurial learning in a university setting. We test the relationship between reflection and learning in a sample of 125 entrepreneurship students. The results show that reflection supports the development of entrepreneurial capabilities as manifested in the change of Perceived Behavioral Control (PBC). We also find that previous startup experience and reflection are positively related to the baseline level of PBC. However, we find no evidence of vicarious learning through family business exposure. Implications for practice and future research are discussed.