Although studies converge to describe tolerance for ambiguity as a strength for entrepreneurs, few, if any, portray ambiguity as contributing to a supportive context. Answering a call to recontextualize entrepreneurship, our research explores how a liminal space, as inherently characterized by ambiguity, is conducive to entrepreneurship. We conducted a 2-year case study in the open collaborative space “Le Square,” combining 52 days of observation, 43 semi-structured interviews, and over 500 pages of internal and external documents. We depict Le Square as having three major liminal characteristics - an unconventional community, an ephemeral physical embodiment, and a trust-based rudimentary structure, and present how each allows entrepreneurial paradoxes to be embraced. Our study therefore clarifies three main liminal features (social, physico-temporal, and cultural) fundamental to a context supportive of entrepreneurship and demonstrates how entrepreneurs can leverage these features to embrace entrepreneurial paradoxes.