Schwartz (1972) is acknowledged as developing one of the first analyses of the impact of gender upon entrepreneuring; however, this strand of literature did not emerge as a coherent and continuous element of entrepreneurship theorizing until a decade later (Carter and Shaw, 2006). Since this early work, the literature has grown from a mere trickle to a veritable flood over the past ten years, resulting in an extensive body of research (Marlow, Henry and Carter, 2009). Nevertheless, recognition of feminist theory within this literature only emerged in the late 1990s with analyses by those such as Marlow (1997) and Mirchandani (1999). It has been notable that although the influence of gender has now achieved far greater recognition, the construct is still rarely theorised through feminist analyses, remaining largely a descriptive device (Ahl, 2004). Thus, drawing from a comprehensive literature review, we articulate the first advances towards a feminist theory of entrepreneurship.