Obama's Facebook Genius Lands Venture Capital Gig
Chris Hughes, the Facebook cofounder who helped Barack Obama win the election online, has landed a real job, he tells us via Twitter: He's working at General Catalyst Partners as an entrepreneur-in-residence.
Unlike the part-time PR gig he announced last week, this is a real full-time job. Except not quite. Venture capital firms hire entrepreneurs in the Silicon Valley equivalent of a Hollywood first-look deal; they pay EIRs a salary in exchange for the chance to invest in their next big thing.
So Hughes has a business card and a place to call home — but he's still figuring out what to do next. After cofounding Facebook and helping elect the most powerful man in the world, almost anything would seem like a comedown. Lucky for him, he's found someone willing to pay him while he figures it out.