SB 54: California Requires DEI Reporting for Venture Capital Investments
Summary
In October 2023, California adopted SB 54 to increase diversity, equity, and inclusion (DEI) amongst venture capital (VC) investments. The law requires covered VC companies, including VC funds with any “nexus” to California, to report demographic data on the founding members of companies in which the fund invests such as the founding members' gender identity, race, ethnicity, disability status, LGBTQ+ identification, veteran or disabled veteran status, and California residency.
Impacted Sectors
Additional Information
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