Pros
Being that this is a very small company, Fellows were able to sit on a lot of major discussions and decision-making processes. Everyone had a say in the things that went on, new projects, etc. Great team environment here. Was exposed to and learned a lot about cool events and gatherings of entrepreneurs, startups, new technologies, etc.
Cons
The founders were not very transparent with things that were going on and how our Fellowship would be structured (quite disorganized!). We were supposed to be paid a monthly stipend. After asking for multiple months and not really getting a straight answer, we were finally informed that they had decided to give us our stipends in a lump sum at the end of our "Fellowship"/internship. Would have been good to know ahead of time! Ended up leaving because they were not (at the time!) hiring the Fellows to be "full time".