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Fox Rothschild LLP

California to Require Venture Capital Firms to Disclose Diversity Data

Fox Rothschild LLP on

Venture capital firms and founders with ties to California need to be thinking about diversity and inclusion. A new law will take effect March 1, 2026, requiring all venture capital firms with a nexus to the state to report...more

ArentFox Schiff

California Introduces New Diversity Disclosure Obligations for Venture Capital Companies

ArentFox Schiff on

On October 8, 2023, in an effort to improve the diversity of venture capital investment in the state, California Governor Gavin Newsom signed Senate Bill No. 54 (SB 54) into law. SB 54 requires venture capital companies (VCC)...more

Allen Matkins

California's Inept Attempt To Define Who Is A "Founding Team Member"

Allen Matkins on

Last week, I reported that Governor Newsom had signed SB 54 (Skinner) even while acknowledging in his signing message that it contained "problematic provisions".   SB 54 requires "venture capital companies", as defined, to...more

Pillsbury Winthrop Shaw Pittman LLP

California Bill Designed to Support Underrepresented Entrepreneurs Signed into Law

Pillsbury Winthrop Shaw Pittman LLP on

The bill requires certain venture capital companies to report demographic information about the founding team members of businesses in which they invested in the prior year. A “covered entity” must gather certain...more

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