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The Startup Studio Guide to the “Entrepreneur In Residence” role
Learn about the nuances of the role, what studios are looking for, and how to join a studio as an EIR.
TL;DR: this article covers the following topics:
- How studio teams are organized
- The EIR role: objectives & expectations
- What studios look for in EIRs
- Joining a studio as an EIR
The role of “Entrepreneur In Residence” (EIR) can be traced back to venture capital. VC firms needed better access to and assessment of deals so, they crafted this semi-temporary (3–9 month) role for startup veterans who could help with validating ideas, setting strategy, introducing other entrepreneurs, and sometimes even building startups from within the firm.
Talent is the most important ingredient in the startup studio recipe. You can’t expect to build and scale world-leading companies if you don’t have world-class talent in the driver’s seat. Studios know this and they’ve adopted the Entrepreneur in Residence practice from the world of venture to solve for that constraint.
