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Maxim V. Tsotsorin

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Maxim V. Tsotsorin is a senior associate in the Palo Alto office of Baker McKenzie and a member of the Firm's Corporate Practice Group. He regularly advises clients in connection with cross-border and US domestic mergers, acquisitions, joint ventures, private equity and venture capital transactions, as well as corporate reorganizations and corporate governance matters. He served as a Managing Editor of the Santa Clara High Technology Law Journal.
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United States: California becomes first state to require venture capital companies to report diversity data from portfolio company founders

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In first-of-its-kind legislation, under SB 54, California will require venture capital companies to collect and report diversity data from portfolio company founders as soon as 1 March 2025. The new Fair Investment Practices by Investment Advisers law intends to increase transparency regarding the diversity of founding teams receiving venture funds from covered entities in California.