National Venture Capital Association

PLF Lawsuit: Can the Government Force Private Citizens to Operate a Racial Classification Scheme?

June 4, 2026 2:30 pmJune 4, 2026 2:31 pm

In a federal lawsuit filed last week, the Pacific Legal Foundation is representing a Colorado venture capital fund challenging a 2023 California law that requires venture capital funds to report to the state the race and gender and even sexual...

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...