Measuring Success as an Entrepreneur in Residence: VC Expectations and Key Metrics

Jason Lemkin clarifies that VCs measure EIR success primarily by two outcomes: founding a company the VC invests in, or joining a portfolio company as CEO or senior executive. Contrary to common assumptions, VCs do not expect EIRs to source deal flow, provide extensive portfolio support, or act as mini-GPs, as these activities do not materially move the needle for the firm's capital returns.