Last mentioned: Mar 3, 2026
First Annual Report Due
Submission of the first comprehensive demographic report based on 2025 investment activity.
First Annual Report Due
Submission of the first comprehensive demographic report covering the 2025 investment cycle to the DFPI.
First Annual Report Due
Firms must submit their first comprehensive demographic report based on 2025 investment activity.
First Reporting Deadline
Submission of the first annual report detailing 2025 founder demographic data.
Registration Deadline
Covered entities must register with the DFPI via the VCC Registration Portal.
DFPI Registration Deadline
Covered entities must register through the DFPI VCC Registration Portal with designated contact information.
Registration Deadline
Covered entities must register with the DFPI via the VCC Registration Portal.
Registration Deadline
Mandatory deadline for covered entities to register identifying information with the DFPI.
DFPI Portal Launch
Expected opening of the VCC Registration Portal for covered entities.
Data Collection Begins
Firms must begin tracking demographic data for all investments made throughout the 2025 calendar year.
Data Collection Period Begins
Firms must begin tracking demographic data for all investments made throughout the 2025 calendar year.
Data Collection Period Begins
Firms must begin tracking demographic data for all investments made throughout the 2025 calendar year.
Data Collection Period Begins
Firms must begin tracking demographic data for all investments made throughout the 2025 calendar year.
California is implementing the Fair Investment Practices by Venture Capital Companies Law (FIPVCC), mandating that VC firms with a state nexus report founder demographic data. With registration due by March 1, 2026, and the first annual report by April 1, 2026, firms must urgently audit 2025 investment data.
California’s Fair Investment Practices by Venture Capital Companies Law (FIPVCC) is entering its first active compliance phase, requiring firms to register and report founder demographic data. With deadlines starting in March 2026, the law applies to any venture firm with a California nexus, signaling a major shift toward regulatory transparency in private markets.
California's Fair Investment Practices by Venture Capital Companies Law (FIPVCC) introduces mandatory demographic reporting for venture firms with a state nexus. Starting March 2026, covered entities must register and disclose founder-level diversity data, signaling a major shift in how the investment workforce is monitored.
California is implementing the Fair Investment Practices by Venture Capital Companies Law (FIPVCC), requiring VC firms with a state nexus to report demographic data of portfolio founders. With registration due by March 1, 2026, and the first annual report by April 1, 2026, firms must urgently audit their data collection and privacy protocols.