Neoliberal economies have fostered entrepreneurship through the restructuring and reduction of public sector employment, an emphasis on individual agency, and on becoming entrepreneur as a processual project of self. Female entrepreneurship as a situated phenomenon takes particular forms in this context. Drawing on empirical research on female entrepreneurs in Sweden, we suggest that becoming entrepreneur for our interviewees involves agency as a reaction formation to five phenomena: organisational restructuring processes, work conflicts in previous employment, sickness, family issues, and a view of life as a differently worked and lived project than encapsulated in conventional employment. Entrepreneuring here becomes rupture but also engagement with new entrepreneurial support structures, in this instance an all-female co-working hub. We challenge certain core assumptions about entrepreneurship, in particular the notion of entrepreneurs as young and solely future- and goal-oriented.