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Venture Capital Governor Newsom California

Keating Muething & Klekamp PLL

New Diversity Reporting Law for Venture Capital Companies with a Nexus to California

On October 8, 2023, California Governor Gavin Newsom signed Senate Bill 54 (“SB 54”) into law, which attempts to increase diversity, equity, and inclusion amongst venture capital (“VC”) investments. The law is the first...more

DarrowEverett LLP

Venture Capital Firms Face New Reporting Requirement With California Law

DarrowEverett LLP on

Over three and a half years since the death of George Floyd spurred some members of the venture capital community to enact promises to increase their investments in diverse entrepreneurs, California has enacted legislation in...more

Morgan Lewis

California Law Will Obligate VC Firms to Report Portfolio Company Diversity Metrics

Morgan Lewis on

California Governor Gavin Newsom recently signed Senate Bill 54, which aims to increase diversity among founders that are backed by venture capital (VC) companies. If implemented in its current version, SB 54 will likely...more

Wilson Sonsini Goodrich & Rosati

California Governor Gavin Newsom Signs ESG Disclosure Bills

In the past few days, California Governor Gavin Newsom signed three bills that will require companies and investors to provide new disclosure. Climate Disclosure - On October 7, 2023, Governor Newsom signed Senate Bill...more

Allen Matkins

Despite Admittedly "Problematic Provisions" Governor Newsom Signs Venture Capital Disclosure Bill

Allen Matkins on

Venture capital investment has been instrumental in the creation of numerous high tech businesses that have quite literally changed the world.  There is no gainsaying the importance of venture capital firms to California. ...more

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