Can You Trust An Early-Stage VC With a HIR and EIR?
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Can You Trust An Early-Stage VC With a HIR and EIR?
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Re: Can You Trust An Early-Stage VC With a HIR and EIR?
#2Ladies and Gentlemen, we have a post where there will be much " strategic " silence in terms of comments and loads of up-votes.
Re: Can You Trust An Early-Stage VC With a HIR and EIR?
#3Can someone explain to me what a HIR and EIR would do at a VC?
Re: Can You Trust An Early-Stage VC With a HIR and EIR?
#4Can someone explain to me what a HIR and EIR would do at a VC?
hacker in residence can do a bunch of things. build new website for them, build stuff on portfolio companys APIs, start building their own project. depends on the vc and what they want. Also depends on the hacker and what they want.
entrepreneur in residence is supposed to be working on a startup- while also participating on investments- they can bring in deals, help portfolio companies, vet imminent investments, etc.
helpful?
Re: Can You Trust An Early-Stage VC With a HIR and EIR?
#5Can someone explain to me what a HIR and EIR would do at a VC?
hacker in residence can do a bunch of things. build new website for them, build stuff on portfolio companys APIs, start building their own project. depends on the vc and what they want. Also depends on the hacker and what they want. entrepreneur in residence is supposed to be working on a startup- while also participating on investments- they can bring in deals, help portfolio companies, vet imminent investments, etc…
Yes thanks.
Re: Can You Trust An Early-Stage VC With a HIR and EIR?
#6Can someone explain to me what a HIR and EIR would do at a VC?
I'm the Hacker-in-Residence at Quotidian Ventures, an early-stage venture firm in New York. My background is in server-side engineering in data science.
Ataub24 explained it well, though it varies widely from firm to firm. In my case, I spend a significant chunk of my time working with the partners and the rest of the venture team on managing the investment portfolio and helping with dealflow. When there are opportunities to use technology or data to improve our workflow and decision-making process, this can come in handy, though that's not always the case. A lot of this is similar to what an EIR might be responsible for doing as well, though with a technical bent.
The rest of the time can be thought of as "20% time", except without a specific % attached to it. While there's the possibility of building a project that could be spun out, this isn't an explicit goal or requirement; my value-add comes from my ability to assist with dealflow and the rest of the work on the venture side, so the rest of my time doesn't come with any obligation, so to speak. In this way, it's not too dissimilar from a traditional 'artist-in-residence'. (This is where Quotidian differs from a number of other firms).
Re: Can You Trust An Early-Stage VC With a HIR and EIR?
#7I think you can trust VC firms because they are incentivised to not steal your idea. In fact, they see that many ideas there will probably be 4-5 entrepreneurs pitching them the same idea potentially with the same/slightly different spin on it.
By incentivised, I mean that if a VC firm is known to steal ideas then entrepreneurs, will generally avoid them (especially if the VC firm that stole the idea was an early-staged VC) which means that their deal flow will dry up – something no VC firm wants.
Having an EIR and/or HIR allows a VC firm to provide their portfolio companies with a better level of service. VC firms are providing more than just money, they’re providing help with resources which are/maybe too early for a startup to have and when you do need them they’re helping you fill those roles – specifically they’re providing things like finance, marketing, HR, PR help etc and having an EIR and/or HIR increases the amount of service they have offer to their portfolio companies.
Re: Can You Trust An Early-Stage VC With a HIR and EIR?
#8Can someone explain to me what a HIR and EIR would do at a VC?
I'm the Hacker-in-Residence at Quotidian Ventures, an early-stage venture firm in New York. My background is in server-side engineering in data science. Ataub24 explained it well, though it varies widely from firm to firm. In my case, I spend a significant chunk of my time working with the partners and the rest of the venture team on managing the investment portfolio and helping with dealflow. When there are opportun…
Thanks for that, one question: Are you an employee of Quotidian?
Re: Can You Trust An Early-Stage VC With a HIR and EIR?
#9It is so much more likely that your product is bad because you avoid telling people about it than your product idea is copied and crushed by another upstart
Re: Can You Trust An Early-Stage VC With a HIR and EIR?
#10Please stop writing this sort of junk:
"Ideas are valueless, it is all about execution. Anyone who says differently is either misinformed or unable to execute."