Entrepreneur in Residence

Career Guide
An Entrepreneur in Residence (EIR) is typically a temporary position in a venture capital firm, startup incubator, or large corporation. The role involves working closely with the company to develop new business ideas, mentor startup teams, and sometimes lead product development initiatives. EIRs leverage their entrepreneurial expertise to support innovation and growth within the organization.

Key Responsibilities

  • Identify and develop new business opportunities
  • Mentor and support startup founders and teams
  • Lead the development of new products or services
  • Collaborate with internal teams to align goals and strategies
  • Conduct market research and competitive analysis

Top Skills for Success

Strategic Thinking
Market Analysis
Leadership
Business Development
Product Development

Career Progression

Can Lead To
Venture Capitalist
Startup Founder
Transition Opportunities
Chief Innovation Officer
Business Consultant

Common Skill Gaps

Often Missing Skills
Financial ModelingTechnical Expertise
Development SuggestionsConsider taking courses in financial analysis and gaining technical knowledge relevant to the industry you are focusing on, such as software development or biotech.

Salary & Demand

Median Salary Range
Entry Level$80,000 - $100,000
Mid Level$100,000 - $150,000
Senior Level$150,000 - $200,000
Growth Trend
The demand for Entrepreneurs in Residence is growing, especially in technology and innovation-driven sectors, as companies seek to foster entrepreneurship and innovation within their organizations.

Companies Hiring

Major Employers
Sequoia CapitalY Combinator
Industry Sectors
TechnologyBiotechnology

Recommended Next Steps

1
Network with venture capital firms and startup incubators
2
Gain experience in startup environments to understand the challenges and opportunities
3
Develop a portfolio of successful projects or startups to showcase your entrepreneurial skills

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