Mayfield Fellows take paid internships with innovative early-stage companies during the summer session, allowing each fellow to demonstrate their innovation, analytic and design skills on high-impact projects. As part of the internship experience, we require each fellow to be assigned a senior level mentor within the company (e.g., CEO, VP, or founder). Although another employee may supervise a fellow, it is critical that each fellow have a senior internal sponsor concerned with his or her welfare, and who is willing to meet one-on-one with the student to check progress and goals. Participating companies pay fellows during the summer internship for three months of work. The exact amount is negotiated directly with the fellow. Participating companies also participate in MFP-sponsored activities during the program. For example, each company hosts a summer open house for the other fellows in the cohort, and during autumn quarter, employers may participate as guest speakers or case participants in the course.
In all aspects of these activities, STVP protects the intellectual property of companies in a professional manner. Our mission is to expose Stanford students to the reality of the entrepreneurial process in a variety of high technology ventures, not to put participating companies at risk. In order to qualify as a mentor company for the Mayfield Fellows Program, your company must:
- be located in the San Francisco Bay Area
- be in a high-potential, growth-oriented business
- be at an early growth stage (either pre-IPO or public in past three years)
- have fewer than 250 employees and revenue < $100 million/year
Interested companies may apply by completing the short online application, which will be available through early June. Companies that apply to be MFP employers are not guaranteed to have their offers of employment accepted by a Fellow. MFP urges employers to provide a minimum compensation of $1,000 per week for 2 to 3 months of employment.