<![CDATA[The rapid growth of the startup ecosystem in Indonesia presents substantial opportunities as well as significant challenges for startup founders, particularly in maintaining their subjective well-being. This study aims to examine the effect of spiritual capital on the subjective well-being of startup founders in Surabaya, Indonesia, with innovative work behavior as a mediating variable. This study adopts a quantitative research design using survey data collected from 107 startup founders through a structured questionnaire. The sampling technique employed was convenience sampling. This study employs a reflective measurement model for all latent constructs within the PLS-SEM framework. The findings reveal that spiritual capital has a positive and significant effect on the subjective well-being of startup founders. Furthermore, innovative work behavior partially mediates the relationship between spiritual capital and subjective well-being. These results indicate that spiritual capital not only directly enhances subjective well-being but also indirectly contributes through the promotion of innovative behaviors among startup founders.]]>
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