Sequoia Capital plans to fund up to three open source software developers annually, as a continuation of a program it debuted last year. The Silicon Valley venture capital firm announced the Sequoia Open Source Fellowship last May, but it was initially offered on an invite-only basis with a single recipient to shout about so far. Moving forward, Sequoia is inviting developers to apply for a stipend that will cover their costs for up to a year so they can work full-time on the project -- without giving up any equity or ownership.

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