Am seeing a lot of different EIR programs nowadays - why aren't more people going with them and doing a traditional search?
They have interns already whom source for you, and they can close a deal much quicker with committed capital vs you needing to parade the deal to all of your investors. Why go traditional search instead?
Pros and Cons of going with an EIR program?
by a searcher from University of Maryland - Robert H. Smith School of Business
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Also, the salary generally is good for many, but not as good if you're a mid level exec and need to be making above $150K with full benefits.
EDIT - I misread your question. - was thinking about pros and cons vs. self-funded You're asking why Traditional search over EIR? I agree. If I was already prepared to give up 60% of the business with traditional search, I would rather apply for an EIR position. That said, I think it still boils down to supply and demand.