Abstract
This qualitative interview study examines how high-tech entrepreneurs in Sweden (N = 11) perceive their contextual prerequisites and the expectations they hold towards their broader social and institutional environment. Findings from a thematic analysis reveal that participants have implicit expectations towards society and the state that are not being met, leading to frustrations, perceptions of unfairness, and cynicism. Through the lens of psychological contract theory, we demonstrate how the contextual framework shapes expectations and experiences of entrepreneurs, contributing to both psychological contract theory and to the contextualization of entrepreneurship. © The Author(s) 2025.