From Wikipedia, the free encyclopedia
Entrepreneur In Residence (EIR) is a position or title within the venture capital industry typically held by a seasoned entrepreneur who is brought on-staff by a venture capital firm, university or other organization.
The EIR role is often designed to fill one of three primary functions:
- To launch a new entrepreneurial venture, often with the backing of the parent firm or organization;
- To assist in the evaluation of potential investments where the entrepreneur has a particular expertise; or
- To provide functional expertise to assist with an existing investment.