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Founded by Rich Bendis

Highlight founder Paul Davison was an EIR at Benchmark.  Read more: http://www.businessinsider.com/eir-faq-what-you-need-to-know-2012-3?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=SAI%20Select&utm_campaign=SAI%20Select%202012-03-16#ixzz1pIeC4PbB

Highlight founder Paul Davison first thought of the idea of Highlight during a stint as an entrepreneur in residence at Benchmark Capital.

The idea of an EIR dates back to the 90s.

But what does an "entrepreneur in residence" actually do? How did this idea start?

Here's what you need to know.

Q. What is an EIR?

A. It's an informal and usually temporary position at a VC firm. EIRs are not full partners and they aren't usually looking for investments for the firm to make.

To read the full, original article click on this link: EIR FAQ: What You Need To Know