by Larry Chiang<\/p>\n
Colleges now have Entrepreneurs in Residence too.<\/p>\n
I wanted to call this article “How to Do What Eric Ries Does as HBS EIR Without Having to Hire Eric Ries” but I didn’t want to be that creepily big of a fan of Eric Ries. EIRs are the new en vogue trend on campus. Here are specific methods to implement what I first did at Stanford and now am doing at MIT.<\/p>\n
-1- Facilitate moving from theory to practice<\/p>\n
EIR is misleading because the ‘R’ should be ‘A’ for action. In this jargon laden community we live in, EIA is another term that actually works.<\/p>\n
Practical applications of entrepreneur flavored ‘dabblings’ move education from theory to execution. The anchor concept is also an education series: “Entrepreneurship Education for Engineers Who Don’t Want to be Founders”. The talk is funny and meant to cause engineers to be curious and play entrepreneurship.<\/p>\n
Reduced friction for baby entrepreneur steps is key. To parallel more thermodynamics…<\/p>\n
-2- Bump-Draft the EIR<\/p>\n
EIRs should be leading from the front lines.<\/p>\n
Bump drafting is a pattern I have observed in race car racing. When undergrads are following the EIR, the headwind is reduced. I am no where close to being an expert as my main experience is having watched two race car movies:<\/p>\n
Cars.<\/p>\n
Talledaga Nights.<\/p>\n
Both movies have a treasure trove of mentorship which leads to my next point<\/p>\n
-3- EIRs facilitate mentorship.<\/p>\n
In Cars, Lightning McQueen doesn’t become a superstar until he meets his mentor: Doc Hudson. Lightning McQueen is a talented young buck but needs a mentor to pave the way.<\/p>\n
Doc Hudson is an ideal mentor. Paul Newmans voice brings alive the angst of having made mistakes that the padawan, Lighting McQueen, can learn from.<\/p>\n
In the Talladega Nights business case study, Cal Naughton Jr is the co-Hort mentor to Ricky Bobby. There is also a default mentor to Ricky Bobby: Reese Bobby. EIRs are co-hort mentors.<\/p>\n
Slingshot engage is the maneuver where Cal Naighton (aka Mike Honcho) let’s Ricky Bobby draft behind him and then slingshots the ‘Wonder Bread’ car forward.<\/p>\n
EIRs can teach a class but are not traditional alpha education figures<\/p>\n
-4- Lemonade stand businesses<\/p>\n
Startup weekends have people launch a business by the end of a weekend<\/p>\n
I pattern recognize this to be a lemonade stand concept business. You see at MIT and Stanford, many freshman spent most of their effort getting into Stanford and MIT. They didn’t work a job or part time job. Getting in is a full-time job and then some.<\/p>\n
My role as EIR is to facilitate a summer lemonade stand business<\/p>\n
-5- Gua Gua Guacamole recipe<\/p>\n
Entrpeneurship is better when you pattern recognize<\/p>\n
Pattern iterate Pattern replicate<\/p>\n
Gua Gua Guacamole recipes are street smart signature moves that can be replicated<\/p>\n
CEO of Duck9 Stanford University EIR (Entrepreneur in Residence)<\/p>\n
Duck9 = Deep Underground Credit Knowledge 9 125 University Avenue\/ 100 Palo Alto CA 94301 https:\/\/www.duck9.com\/ass<\/a> 650-566-9600 650-566-9696 (direct) 650-283-8008 (cell)<\/p>\n **************** Editor of the BusinessWeek Channel “What They Don’t Teach at Business School” https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog<\/a> CNN Video Channel: https:\/\/ireport.cnn.com\/people\/larrychiang<\/a><\/p>\n Read my last 10 tweets at https:\/\/www.Twitter.com\/LarryChiang<\/a><\/p>\n Author, NY Times Bestseller https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog\/?s=Ny+times+bestseller<\/a><\/p>\n “What They Will NEVER Teach You at Stanford Business School” comes out 11-11-12<\/p>\n