Previous research into entrepreneurial exit has examined exit from a firm perspective focusing upon firm performance as the primary determinant of exit; however, new research is emerging which suggests that other variables (e.g. entrepreneurial human capital) may impact the exit decision over and above that accounted for by firm performance. Our research adopts a family embeddedness perspective to examine the impact that gender and family situation (marital status, number of children, running a family business) have on voluntary exit decisions over and above that attributed to firm performance. Our research contributes not only to the growing research in entrepreneurial exit, but also extends threshold theory.