Portfolio entrepreneurship is a critical but relatively unexplored aspect of entrepreneurship literature. In particular, little research exists on portfolio entrepreneurship in the context of family firms. Existing literature on portfolio entrepreneurship in the context of family firms tends to have multiple research gaps which are unaddressed. To this end, we explore the extant literature on portfolio entrepreneurship in general and portfolio entrepreneurship in the context of family firms in particular and bring forth three future research areas. First, we examine how triggers and motivations to indulge in portfolio entrepreneurship are relevant and important for family firms. Second, we explore the role of different settings for the exploration of the portfolio family firms. Third, we argue that performance and outcome results are important aspects to have a closer look at the growth and survival of portfolio family firms.