Is my VC fund subject to CA DEI Laws for the Fair Investment Practices law?

If you are asking whether your VC fund is subject to California DEI reporting under the Fair Investment Practices by Venture Capital Companies law, start with the covered-entity test in the statute.

Our eligibility flow uses the same practical decision path: first confirm venture profile, then check California nexus, then determine whether the entity made any qualifying venture capital investments in 2025.

The core eligibility logic

Your fund is generally treated as likely covered when both are true:

1. You primarily invest in or finance startup, early-stage, or emerging growth companies.
2. You meet at least one California nexus criterion.

California nexus includes whether your fund:

• Is headquartered in California.
• Has a significant presence or operational office in California.
• Invests in businesses located in, or with significant operations in, California.
• Solicits or receives investments from California residents.

What our calculator checks

Our required-to-file eligibility calculator asks six practical questions:

• Whether you deployed capital in the current reporting year context.
• Whether your strategy is primarily startup/early-stage/emerging growth.
• The four California nexus criteria listed above.

From those answers, you get a directional status:

• Likely covered and likely required to register and file if the entity made at least one qualifying venture capital investment in 2025.
• Likely covered, but no 2025 registration or report required if the entity made no qualifying venture capital investments in 2025.
• Likely not covered based on current answers.

Why this distinction matters

The law has both covered-entity and annual filing mechanics. A fund can be likely covered and still have no 2025 registration or report obligation if it made no qualifying venture capital investments in 2025.

Use the calculator before legal review

For a fast directional read, start here:

• Fund eligibility calculator
• CA VCC required-to-file questionnaire

Then validate with counsel for final legal determination.

Final takeaway

Most confusion comes from mixing fund profile, California nexus, and annual activity into one question. Separating those steps makes eligibility easier to evaluate and easier to operationalize.

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Informational only, not legal advice.

Need help after your eligibility check? Visit the FIPVCC homepage for a privacy-first filing workflow.