Sequoia funding Open Source

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Liam Gill
February 16, 2024

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Sequoia Capital is expanding its support for the open source software (OSS) community through the Sequoia Open Source Fellowship, aiming to fund up to three developers annually. This initiative, initially launched on an invite-only basis, now opens for applications, offering a stipend to cover developers' costs for up to a year without requiring equity or ownership. This move addresses the chronic underfunding issue in open source software, particularly highlighted when security flaws like Log4Shell emerge. Big Tech and other companies have increasingly supported OSS through funding initiatives to secure the software they rely on, often focusing on protecting their business interests. Sequoia's investment in OSS, while not expecting direct financial returns, serves as a strategic "big picture" investment, supporting the ecosystem that underpins both proprietary and open source software. The fellowship underscores Sequoia's commitment to nurturing foundational projects that, though not directly commercializable, play a critical role in the success of the broader tech ecosystem, including companies Sequoia invests in. By providing financial support, Sequoia aims to allow developers to dedicate their full attention to their projects, fostering high-impact OSS work that benefits the entire industry.

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