Two reflection pieces, one by Venkataraman, Sarasvarthy, Dew, and Forster (2012) and one by Shane (2012), were recently published in AMR. Both articles focus on the impact of Shane and Venkataraman’s (2000) AMR article on the field of entrepreneurship. Since some of our prior work (eg, Alvarez & Barney, 2007, 2010) was informed by Shane and Venkataraman’s (2000) original article, and since these reflective pieces also mention our work, we felt it was appropriate for us to write this commentary. Before discussing Venkataraman et al.(2012) and Shane (2012), we want to first acknowledge the impact of Shane and Venkataraman’s (2000) AMR article. While we disagree with many of its conclusions, we appreciate how it helped stir debates about opportunities, their formation, and their exploitation in the entrepreneurship literature. Their article is clearly worthy of the AMR Decade Award.