Fellowship
Kleiner Perkins created the Fellows Program in 2012 to give exceptional university students an insider’s view of how iconic startups are built . Each summer cohort (~70 Engineering, Design and Product fellows in 2024) embeds participants at KP‑backed companies such as Figma, Faire, Rippling and Aurora Innovation for 12 weeks . Fellows work as full‑time interns, ship production code or product features, and attend a parallel curriculum of evening talks with CEOs and Kleiner Perkins partners.
Programming starts with a two‑day Silicon Valley kickoff where John Doerr and Bucky Moore outline fund history, portfolio themes and OKR goal‑setting; weekly dinners then deep‑dive on topics like founder‑market fit and fundraising strategy . Mid‑summer, fellows tour KP portfolio HQs and practise rapid‑fire product critiques; the term ends with a closed‑door Demo Night where teams demo intern projects and receive feedback from KP’s investment committee.
The program emphasises long‑term community. Alumni stay connected through an invite‑only Slack, regional meet‑ups and an annual Fellows Summit that now alternates between SF and NYC . Over 900 graduates have raised more than $35 billion in enterprise value, including founders of Figma, Plaid, Robinhood, Material UI and Gather Town.
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Applications open each September and close in early November . Students submit a résumé, two short essays and a coding‑ or design‑challenge link. KP partners plus engineering leads at host startups review applications; finalists interview with both KP and prospective companies. Historical acceptance rates sit near 2 % (≈ 1 400 apps for 30 engineering seats).
The fellowship is cost‑free; travel to kickoff and demo day, housing stipends and all program events are funded by KP or host companies.
Fellows are paid the host company’s standard intern salary (most recently US $12 000–$16 000 total for the 12‑week term) and receive housing stipends when relocation is required . No equity or carry is granted, but Fellows keep any offer‑matching bonuses if they convert to full‑time.
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