abstract:Entrepreneur in residence (EIR), sometimes executive in residence, is a position or title within the venture capital, law firm, and business school industries, typically held by a seasoned entrepreneur who is brought on-staff by a venture capital firm, university or other organization.
Hugh Hefnerrecentlysoldhispersonalresidencein HolmbyHills, California, next door to the Playboymansion, to a 25-year-oldentrepreneur for $18m—some 36% below the asking price.