California has proposed a delay for a new law requiring venture capitalists to report on the diversity of startups they fund. The proposal also amends some of the language and potential challenges included within the law.
Asset management partner Catherine Skulan told Bloomberg Law that “this makes it a little more manageable and closer to what it was billed.”
A large buyout fund might be covered depending on its portfolio and whether it meets other prongs of the law’s definition, she said.
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