This paper extends research on entrepreneurial uncertainty by testing the relationship between intersubjective agreement and perceived environmental uncertainty. Uncertainty is central to many theories of the entrepreneur (McMullen & Shepherd, 2006) and yet the determinants of the magnitude of the uncertainty an individual perceives remain largely unexplored. We leverage the distinction between subjective, objective, and intersubjective knowledge highlighted by Donald Davidson (2001) and Dew et al.’s theory on the dispersion of knowledge in society (2004) to develop and test a model of how the early relationships entrepreneurs form with key stakeholders impact the amount of uncertainty they perceive in the environment.