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Why Sequoia is funding open source developers via a new equity-free fellowship
Sequoia Capital plans to fund up to three open source software developers annually, as part of an ongoing program it debuted last year.
The wider world is generally fine with this arrangement until something goes awry, at which point governments scramble into action with executive orders and regulations belatedly thrust upon industry to make the software supply chain just that little bit more robust. The companies ponying up the capital typically identify the open source software they rely on most, and then allocate funds accordingly — it’s ultimately about protecting their own business, while also currying favor with a community on which they need on-side, and which they may even wish to hire in the future. Last year, Sequoia backed fledgling startup Pydantic which is seeking to commercialize the popular Python library and open source data-validation framework of the same name, used by Alphabet, Amazon, Apple, Meta, Microsoft, among other notable companies.
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