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Publications
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11.02.2023SB 54 Increases Transparency in California’s Venture Capital IndustryUpdatesCalifornia Governor Gavin Newsom signed Senate Bill 54 into law on October 8, 2023, to take effect March 1, 2025, for all investments made during calendar year 2024. The law will require “covered entities” to report the demographic information of “founding team members” of all companies in which the covered entity has invested.
