An [**entrepreneur in residence**](https://en.wikipedia.org/wiki/Entrepreneur_in_residence), or **executive in residence** (**EIR**), is a position commonly held by successful [entrepreneurs](https://en.wikipedia.org/wiki/Entrepreneurship "Entrepreneurship") in [venture capital](https://en.wikipedia.org/wiki/Venture_capital "Venture capital") firms, [private equity](https://en.wikipedia.org/wiki/Private_equity "Private equity") firms, [startup accelerators](https://en.wikipedia.org/wiki/Startup_accelerator "Startup accelerator"), [law firms](https://en.wikipedia.org/wiki/Law_firm "Law firm") or [business schools](https://en.wikipedia.org/wiki/Business_school "Business school"). Typically, the EIR has led or currently leads a [small, early-stage, emerging company](https://en.wikipedia.org/wiki/Start-up_company "Start-up company") with perceived high-growth potential or has demonstrated significant growth in terms of employees, annual revenue, or both.

[Institutional fund](https://en.wikipedia.org/wiki/Investment_management "Investment management") may provide an entrepreneur in residence, or executive in residence, with the necessary [working capital](https://en.wikipedia.org/wiki/Working_capital "Working capital") to facilitate expansion, new-product development, or the restructuring of a company's operations, management, or ownership.