diversity requirement – California Globe

Legal Challenges Brewing with SB 54 Signed into Law this Week

October 12, 2023 10:06 amOctober 12, 2023 10:06 am

A bill that would force venture capitalist (VC) companies in California to disclose the gender and race of the founding members of companies that was signed into law earlier this week may see legal trouble on the horizon as many...

Gov. Newsom Signs Bill Requiring Venture Capitalists Report Diversity of Businesses they Invest in

October 9, 2023 7:59 amOctober 9, 2023 4:18 pm

Because “Venture capital investment does not reflect the diversity of California,” Gov. Gavin Newsom signed a bill to require the venture capitalists to report annually to the California Civil Rights Department the diversity of the founding members of the businesses...