California recently passed a Bill, SB 54, which requires venture firms to report the diversity breakdown of their investments. Reactions to the bill have been divided, with some in favor, some with reservations, and some doubting its effectiveness. Bernard Coleman, a lawyer, questioned if the bill will actually increase diversity in VC investments, suggesting that wealthy investors may find ways to circumvent it. However, avoiding the bill completely would send a negative message. The article concludes by emphasizing the importance of the tech community and the message it sends regarding diversity.

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