Australia's Harry Price needs just one more win to reach the final of the Governor's Cup at the Balboa Yacht Club.
The world's top-ranked match racer leads defending champion Christophe Killian 2-0 in the first-to-three semi-final.
In the other semi-final, Chris Weis of the Del Rey Yacht Club and Leonard Takahashi of the Royal New Zealand Yacht Squadron split the first two races.
Price won the first race by catching Killian on the last leg and winning by less than a length.
The semi-finals continue on Saturday morning, with the finals in the afternoon.
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