California passed a bill earlier this month that requires venture firms operating in the state to report the diversity breakdown of their investments. The news of its passing spread quickly through the startup world, and immediate reactions to it have been split.

There are those in favor of the bill, those who support it but with caveats, and those who simply don’t think this will bring any change. Oh yes, and those who simply made fun of it. Still, most people brought up good points in their support and criticism of the bill, called SB 54, and we spoke to industry players to put everyone’s thoughts on the bill into one place. READ MORE