Returnee entrepreneurs have long been considered an important conduit of international knowledge transfer which brings venture growth impact for industry and region development. However, from an entrepreneurial well-being perspective, as international knowledge transfer usually entails greater challenges and stress in entrepreneurship, we have relatively little knowledge about how returnee entrepreneurs can configure their roles as knowledge transferers or other alternatives to achieve personal well-being. Building on knowledge-based view, we take a holistic, configurational approach to understand the match among push and pull factors in knowledge transfer, network embeddedness and institutional support. Employing a sample of 217 returnee entrepreneurship cases and through mvQCA methodology, we found that configurations with cutting-edge knowledge transfer pushed by host country embeddedness lead to high venture growth, while configurations with mature knowledge transfer pulled by home country recontextualization as well as information brokers and value carriers pushed by host countries embeddedness lead to high satisfaction. We also demonstrate a dominant focus instead of a dual focus on either home country or host country side in successful returnee entrepreneurship, facilitating the understanding of the causal complexity of returnee entrepreneurship.