Entrepreneurial high-growth firms contribute significantly to the economy by scaling up new innovative products, services, and business models as well as creating jobs and fostering economic growth. In this study we examine the incidence of sustainable high growth entrepreneurship in a sample of Swedish firms that have previously been experiencing rapid growth. We acknowledge growth as a multi-dimensional phenomenon by distinguishing between employee growth and sales growth. Overall, the statistical analysis suggests that the different growth trajectories shown by firms can be related to different industry life cycle positions. We also find differences related to the time that has passed since the firm were experiencing rapid growth. In addition, ex-gazelles operating in knowledge intensive sectors or with a higher degree of novelty in their market offer are not more likely to show a subsequent period of growth. Copyright © 2016, Academy of Management