The Kleiner Perkins Caufield & Byers Fellows Program is a three-month, work-based initiative that intends to pair top U.S. engineering and design students with startup companies in Silicon Valley, the firm's home region.
Last year was such a success that KPCB is doing it all over again, GigaOm's Colleen Taylor reported late last year. This afternoon, Kleiner Perkins (and partner InternMatch) announced the next class of fellows, 34 in total and from schools across the U.S.
All in all, they appear to be a pretty sharp bunch.
The selected students will be paired with companies such as Nest, the innovative thermostat maker; Chegg, the textbook rental facilitator; and OPower, the energy-minded software-as-a-service provider. Twenty of Kleiner's companies are participating in the program, including enterprise-focused firms AppDynamics (APM), Apcera (cloud), Nebula (cloud) and Shape Security.
For Kleiner, the point is to help its extensive portfolio of startup companies compete with bigger rivals for the brightest minds. Traditionally, a student would engage in a summer internship at a more established firm; with this initiative, Kleiner keeps its portfolio companies in play by offering wages and housing on par with larger companies.
For those students selected, well, it's all upside, as you would imagine when tech companies with deep pockets scramble to attract your interest.