GoofyCupcake

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 ?

22mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

TwirlySushi

INDMoney22mo

Made up role that hires good people to do confusing projects dreamed up by founders on a whim

MagicalBurrito

Swiggy22mo

Facts!!

MagicalNugget

ZS Associates22mo

din bhar ghar pe room me ek desk pe baith ke laptop chalane ko kehte hain entrepreneur in residence 🥴

GoofyDonut

Stealth22mo

Pappa ki kothi me

PerkyMarshmallow

Razorpay22mo

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.

GoofyCupcake

Stealth22mo

Thanks. Definitely have more clarity on this now.

FluffyCupcake

Amazon22mo

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.

MagicalLlama

MongoDB22mo

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

FluffyCupcake

Amazon22mo

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.

MagicalHamster

Stealth22mo

+1 to what @Barbaadeshwar 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

GoofyCupcake

Stealth22mo

Ah interesting....

BubblyPotato

Shipbob22mo

Program Manager role in a new packaging with expectation of 24*7 availability. Forget life, just hustle 101

SquishyMochi

Urban Company22mo

Very true.

SquishyMochi

Urban Company22mo

What's the salary CTC being offered these days for this role?

Also, pls help build some traction on this.

Checkout this post on Grapevine - https://share.gvine.app/uFcMF3tks3h57N6Q7

PeppyUnicorn

Stealth22mo

A sasta CoS.

SnoozyPancake

Lokal22mo

You join to work on a project with not enough bandwidth to execute or identify a new opportunity and take it from 0-1. A high pay and equity role due to the min. YOE required and amount of ownership in the role.