Browsing: Venture

Sacramento, California; May 28, 2026: A Colorado-based venture capital firm filed a lawsuit today challenging a California law that forces venture capital funds to interrogate the founders of companies they invest in about their race, ethnicity, gender identity, and sexual orientation — and report that data to the State. 1517 Fund alleges that the law…

Beginning on March 1, 2026, “covered entities” under California’s Fair Investment Practices by Venture Capital Companies law (FIPVCC) are required to register with the Department of Financial Protection and Innovation (DFPI). Then, by April 1, 2026 and annually thereafter, the registered entities will be required to distribute a survey to the founding teams of their…