Foley Hoag

Company

Last mentioned: Feb 17, 2026

Timeline

  1. Public Data Release

    The CRD is expected to begin publishing aggregated, anonymized diversity data for the industry.

  2. First Reporting Deadline

    Covered venture capital companies must submit their first annual report to the CRD.

  3. Data Tracking Begins

    Firms must begin tracking demographic data for all investments made during the 2025 calendar year.

  4. SB 54 Signed into Law

    Governor Gavin Newsom signs the Venture Capital Diversity Act into law.

Stories mentioning Foley Hoag 1

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California Implements Landmark VC Diversity Reporting as 2026 Deadline Looms

California is enforcing Senate Bill 54, a first-of-its-kind regulation requiring venture capital firms to disclose the diversity metrics of founding teams in their portfolios. With the first reporting deadline set for March 1, 2026, firms with a California nexus must navigate complex data collection and privacy requirements.

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