Contrary to what people who call themselves that would love us all to believe, an "EIR" is a silly sinecure—not even the people who want the job know what the hell it is.
The New York Times was puzzled by the cushy, increasingly trendy venture capital non-gig in 2010, and according to this forward from New York tech scenester Rachel Sklar's private mailing list, it's not any more clear today:
————— Forwarded message —————
From: Ellie Cachette @consumerbell.com>
Date: Tue, Nov 19, 2013 at 12:54 PM
Subject: Re: [xx in tech] Setting up an EIR role
I also have an EIR role contract that I can share.
Currently not one or have done one but had a few discussions.
On Monday, November 18, 2013 4:53:04 PM UTC-5, Sloane Berrent wrote:
Thank you both so much. Emailing you now.
On Mon, Nov 18, 2013 at 3:55 PM, Aarthi Ramamurthy wrote:
I was an EIR at Battery Ventures for 6 months (structured it for 6 months - Oct 2012 to April 2013). Happy to help in any way - ping me offline for details on structure - aar...@gmail.com.
On Mon, Nov 18, 2013 at 12:51 PM, MK Marsden wrote:
Sloane, I have been an EIR at the University of Manitoba for 3 years. Email me offline if you want the details: m...@touchpointstrategies.com.
On Mon, Nov 18, 2013 at 2:16 PM, Sloane Davidson wrote:
Does anyone have experience either as an Entrepreneur In Residence or in setting up an EIR role? If so, I'd love to hear your experiences and any insights you have in how the deal was structured from a nuts and bolts perspective.
I've been approached to potentially have a part-time role like this but it's not with a traditional VC and so they are interested in having me help to set the parameters and structure. It would be more about helping them create a new venture in-house than in evaluating outside entrepreneurs and investments.
Quora has some good threads on this and I've been reading other articles and pieces online but it would be great to hear from any of you who have had this role so I can be better prepared in evaluating this opportunity for myself.
Thank you so much in advance!
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MK Marsden | Managing Partner | Touchpoint Strategies
XXXXX@touchpointstrategies.com | mobile: follow me on twitter:@mk.marsden
"Judge a man/woman by his questions rather than by his answers." —Voltaire
I'd point anyone interested in learning more about Entrepreneur-In-Residence programs to this Business Insider interview with Paul Davison, who served as an EIR before leaving to found Highlight, an annoying app that bombed.