The jury reached their verdict Friday night in Colfax, Wash.
As previously reported in XBIZ, Venice was charged with raping a sleeping sorority member in the University of Washington's Kappa Alpha Theta house in Sept. 2007.
Another man, Kyle Schott, a 24-year old former University of Washington student, is already serving a reduced sentence for the attack in return for his testimony against Reid.
Sentencing is scheduled for Dec. 5.