Establishes the diversity in investment act requiring certain venture capital companies to report diversity information about its funding.

The Diversity in Investment Act mandates that certain venture capital companies report diversity information about their funding decisions. These companies must collect demographic data from founding team members through a survey and publish the anonymized data on their websites. The act defines "covered entity" as a venture capital company that primarily engages in venture capital investments and has a significant presence in New York. Penalties are established for non-compliance, including misleading data or failure to report.

Establishes the diversity in investment act requiring certain venture capital companies to report diversity information about its funding.

The Diversity in Investment Act mandates that certain venture capital companies report diversity information about their funding decisions. These companies must collect demographic data from founding team members through a survey and publish the anonymized data on their websites. The act defines "covered entity" as a venture capital company that primarily engages in venture capital investments and has a significant presence in New York. Penalties are established for non-compliance, including misleading data or failure to report.