California’s new law requires venture capital firms to collect and report detailed, anonymized diversity data about the founders they invest in, including categories like gender, race, ethnicity, disability, LGBTQ+ status, and more. The guide outlines the steps venture capital firms need to take to comply, the timeline for reporting, and the importance of preparing internal systems to meet these requirements. If you’re involved in venture capital or startups, this guide is essential reading to understand how the law will impact your operations and what you need to do to stay compliant.