Entrepreneur_in_Residence
Entrepreneur in residence
Organizational position
An entrepreneur in residence, or executive in residence (EIR), is a position commonly held by successful entrepreneurs in venture capital firms, private equity firms, startup accelerators, law firms or business schools. Typically, the EIR has led or currently leads a small, early-stage, emerging company with perceived high-growth potential or has demonstrated significant growth in terms of employees, annual revenue, or both.
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Institutional fund may provide an entrepreneur in residence, or executive in residence, with the necessary working capital to facilitate expansion, new-product development, or the restructuring of a company's operations, management, or ownership.[1][2][3][4][5]