Monday, October 9, 2023

Venture Capital Diversity Reporting Law Passes

A new law has been signed into law by California Governor Gavin Newsom, which requires venture capital firms in California to report the diversity of the founders they are backing. The law--Senate Bill 54, was signed last night. The bill goes into effect in 2025. The bill does not require any specific investing mix, only requires the collection and reporting of diversity information.