What is "Entrepreneur in Residence"
Came across this recently where someone mentioned that they were an entrepreneur in residence.....what on earth does this mean. What does this entail from a job perspective, what do they do etc. Any VC folks here who can shed light on this ?
Made up role that hires good people to do confusing projects dreamed up by founders on a whim
din bhar ghar pe room me ek desk pe baith ke laptop chalane ko kehte hain entrepreneur in residence 🥴
Coy Nadeen
Stealth
a year ago
In the ideal world- dude that makes new projects come alive in 0-1 and hands them over to teams to scale. In the real world - sometimes does well most times fucks up and gives a 0-1 to a team that'll destroy it in a quarter.
Kendall Hyrum
Stealth
a year ago
Thanks. Definitely have more clarity on this now.
EIR - A highly paid punching bag with no authority at all. They are punched when things go wrong but the wins are secured for team.
A western concept poorly implemented in India.
Highly paid? most of the people I know who joined an EIR role actually took a pay cut, they were getting pop aid much higher as an Engineer, PM or IB
I know few orgs like Near which pay EIRs decently well. I think zomato also planned EIRs kinda role but don’t know the current situation.
+1 to what said
Typically end up doing 0 to 1 projects end to end vs. Founder's Office (which can be a role without any execution sometimes, only working on Founder's tasks)
Some EIRs at companies like UC I knew a few years back, they mentioned it was a very rewarding role
Isaiah Carmden
Stealth
a year ago
Ah interesting....
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