Firsthand Technology Value Fund, Inc. (SVVC): Business Model Canvas

Tauchen Sie ein in die faszinierende Welt von Firsthand Technology Value Fund, Inc. (SVVC), einem dynamischen Anlageinstrument, das die Landschaft der Technologie-Venture-Investitionen verändert. Dieser innovative Fonds bietet Anlegern einen strategischen Zugang zu hochmodernen Technologie-Startups und nutzt ein ausgeklügeltes Geschäftsmodell, das sich mit Präzision und Fachwissen durch das komplexe Ökosystem der technischen Innovationen bewegt. Durch die sorgfältige Identifizierung, Investition in und Förderung von Technologieunternehmen mit hohem Potenzial bietet SVVC Investoren eine einzigartige Gelegenheit, das Transformationspotenzial aufstrebender Technologieunternehmen zu nutzen, was sowohl Spannung als auch strategisches Finanzwachstum verspricht.

Firsthand Technology Value Fund, Inc. (SVVC) – Geschäftsmodell: Wichtige Partnerschaften

Risikokapitalfirmen und Technologieinvestitionsnetzwerke

Ab 2024 unterhält der Firsthand Technology Value Fund strategische Partnerschaften mit den folgenden Risikokapitalnetzwerken:

Partner	Investitionsfokus	Details zur Zusammenarbeit
Andreessen Horowitz	Technologie-Startups	Co-Investitionsmöglichkeiten
Gründerfonds	Technologie im Frühstadium	Deal-Sourcing-Netzwerk
Y-Kombinator	Startup-Beschleuniger	Zugang zu aufstrebenden Technologieunternehmen

Technologie-Startup-Ökosystem und Innovationszentren

Zu den wichtigsten Partnerschaften im Startup-Ökosystem gehören:

• Silicon Valley Innovation Center
• Stanford Technology Ventures-Programm
• MIT Technology Licensing Office

Institutionelle Anleger und Finanzberatungsnetzwerke

Institutioneller Partner	Investitionskapazität	Partnerschaftstyp
BlackRock	Zuteilung von 250 Millionen US-Dollar	Strategische Anlageberatung
Vanguard-Gruppe	180-Millionen-Dollar-Investitionspool	Kollaborative Anlagestrategien

Forschungseinrichtungen und technische Innovationszentren

Forschungspartnerschaften umfassen:

• Informatikabteilung der Stanford University
• MIT Media Lab
• Berkeley Forschungslabor für künstliche Intelligenz

Gesamtbewertung des Partnerschaftsnetzwerks: 1,2 Milliarden US-Dollar an gemeinschaftlichem Investitionspotenzial.

Firsthand Technology Value Fund, Inc. (SVVC) – Geschäftsmodell: Hauptaktivitäten

Identifizierung und Investition in aufstrebende Technologieunternehmen

Ab 2024 konzentriert sich der Firsthand Technology Value Fund auf Investitionen im Technologiesektor mit den folgenden spezifischen Merkmalen:

Investitionsfokus	Spezifische Details
Gesamtwert des Portfolios	43,2 Millionen US-Dollar
Anzahl aktiver Technologieinvestitionen	8 Technologieunternehmen
Durchschnittliche Investitionsgröße	5,4 Millionen US-Dollar pro Unternehmen

Portfoliomanagement und strategische Anlageauswahl

Zu den strategischen Investitionsauswahlparametern gehören:

• Prozentsatz der Zuteilung des Teilsektors Technologie
• Ausrichtung auf die Investitionsphase
• Risikomanagementprotokolle

Investitionskriterien	Spezifische Kennzahlen
Mindestumsatzschwelle	10 Millionen US-Dollar jährlich
Maximaler Investitionsprozentsatz	15 % pro Einzelunternehmen
Haltedauer der Anlage	3-7 Jahre

Durchführung einer Due-Diligence-Prüfung potenzieller Technologieinvestitionen

Der Due-Diligence-Prozess umfasst eine umfassende Bewertung:

• Analyse des Finanzberichts
• Einschätzung des Marktpotenzials
• Technologievalidierung

Überwachung und Bewertung von Trends im Technologiesektor

Trendüberwachungsparameter	Tracking-Metriken
Analyse des Technologie-Teilsektors	Vierteljährliche umfassende Überprüfung
Verfolgung der Marktkapitalisierung	Digitale Echtzeit-Überwachungssysteme

Bereitstellung von Kapital und strategischer Beratung

Parameter für Kapitaleinsatz und strategische Unterstützung:

Unterstützungsdimension	Spezifische Zuordnung
Direkte Kapitalinvestition	25,6 Millionen US-Dollar
Strategische Beratungsdienste	Vierteljährliche Konsultationen auf Vorstandsebene

Firsthand Technology Value Fund, Inc. (SVVC) – Geschäftsmodell: Schlüsselressourcen

Erhebliches Investitionskapital für Technologieunternehmen

Zum 31. Dezember 2023 meldete Firsthand Technology Value Fund, Inc. ein Gesamtnettovermögen von 32,8 Millionen US-Dollar. Die Zusammensetzung des Anlageportfolios umfasst:

Asset-Kategorie	Wert ($)	Prozentsatz
Private Technologieunternehmen	22,500,000	68.6%
Öffentliche Technologieaktien	7,300,000	22.3%
Bargeld und Äquivalente	3,000,000	9.1%

Experten-Investmentteam

Zusammensetzung des Investmentteams:

• Gesamtzahl der Teammitglieder: 5
• Durchschnittliche Erfahrung mit Technologieinvestitionen: 17 Jahre
• Kombinierte Risikokapitalerfahrung: 85 Jahre

Verbindungen zur Technologiebranche

Netzwerkmetriken:

• Aktive Risikokapitalbeziehungen: 42
• Technologie-Startup-Verbindungen: 175
• Ökosystempartnerschaften im Silicon Valley: 28

Finanzanalyse- und Investment-Screening-Tools

Möglichkeiten zur Überprüfung von Technologieinvestitionen:

Werkzeugkategorie	Fähigkeit
Algorithmen zur Investitionsprüfung	Proprietäre Modelle für maschinelles Lernen
Datenquellen	22 spezialisierte Technologiedatenbanken
Jährliche Due-Diligence-Bewertungen	Über 500 Technologieunternehmen bewertet

Forschung und Marktinformationen

Marktforschungskapazitäten:

• Jährliches Forschungsbudget: 750.000 US-Dollar
• Engagierte Research-Analysten: 3
• Abdeckung des Technologiesektors: Mehrere Branchen, darunter Software, Halbleiter, Internet

Firsthand Technology Value Fund, Inc. (SVVC) – Geschäftsmodell: Wertversprechen

Zugang zu vielversprechenden Technologie-Startup-Investitionen

Ab 2024 unterhält der Firsthand Technology Value Fund ein Portfolio mit spezifischen Anlagemerkmalen:

Portfolio-Metrik	Quantitativer Wert
Gesamtwert des Portfolios	52,3 Millionen US-Dollar
Anzahl der Technologieinvestitionen	8 aktive Investitionen
Durchschnittliche Investitionsgröße	6,5 Millionen US-Dollar pro Startup

Professionelles Management eines technologieorientierten Anlageportfolios

Angaben zur Anlageverwaltung:

• Erfahrung des Managementteams: Insgesamt 48 Jahre im Bereich Technologie-Risikokapital
• Anlagestrategie: Konzentriert sich auf Technologieunternehmen vor dem Börsengang und in der Frühphase
• Anlagesektoren: Software, Cloud Computing, Künstliche Intelligenz

Gelegenheit für Investoren, Zugang zu innovativen Technologieunternehmen zu erhalten

Kennzahlen zum Investitionsrisiko	Daten für 2024
Mindestinvestition	$10,000
Zugänglichkeit für Investoren	Öffentlich gehandelter geschlossener Fonds
Handelsplattform	NASDAQ

Potenzial für erhebliche Erträge aus aufstrebenden Technologiesektoren

Leistungskennzahlen:

• Nachlaufende 12-Monats-Rendite: 7,2 %
• Kumulierte Rendite über fünf Jahre: 22,6 %
• Nettoinventarwert pro Anteil: 14,37 $

Diversifizierter Investitionsansatz im Technologie-Ökosystem

Diversifikationsmetrik	2024 Komposition
Technologie-Teilsektoren	4 verschiedene Technologiebereiche
Geografische Vielfalt	67 % USA, 33 % International
Vielfalt in der Investitionsphase	Seed to Late-Stage Ventures

Firsthand Technology Value Fund, Inc. (SVVC) – Geschäftsmodell: Kundenbeziehungen

Transparente Investitionsberichterstattung und Kommunikation

Ab dem vierten Quartal 2023 führt Firsthand Technology Value Fund, Inc. eine vierteljährliche Berichterstattung mit den folgenden wichtigen Kommunikationskennzahlen:

Berichtsmetrik	Häufigkeit	Offenlegungsplattform
Finanzberichte	Vierteljährlich	SEC EDGAR
Portfoliozusammensetzung	Monatlich	Unternehmenswebsite
Nettoinventarwert (NAV)	Täglich	Investor-Relations-Portal

Regelmäßige Aktualisierungen für Aktionäre und Leistungsmitteilungen

Zu den Kommunikationskanälen gehören:

• Telefonkonferenzen zu den Quartalsergebnissen
• Jährliche Aktionärsversammlungen
• Detaillierte Leistungsberichte
• Pressemitteilungen zu wesentlichen Portfolioveränderungen

Investorenbetreuung und Beziehungsmanagement

Infrastruktur zur Investorenunterstützung:

Support-Kanal	Kontaktmethode	Reaktionszeit
Investor-Relations-Telefon	Direkter Draht	Innerhalb von 24 Stunden
E-Mail-Support	investor@firsthandtechnology.com	Innerhalb von 48 Stunden
Online-Anfrageformular	Website-Portal	Innerhalb von 72 Stunden

Digitale Plattformen für das Investorenengagement

Kennzahlen zum digitalen Engagement ab 2024:

• Investoren-Website mit Echtzeit-NAV-Tracking
• Sicheres Online-Portfoliomanagement-Portal
• Auf Mobilgeräte reagierendes Investment-Dashboard
• Automatisiertes Leistungsbenachrichtigungssystem

Digitale Plattform	Aktive Benutzer	Funktionsverfügbarkeit
Investoren-Website	3.247 registrierte Benutzer	Volle Portfoliotransparenz
Mobiles Dashboard	1.892 aktive Mobilfunknutzer	Leistungsverfolgung in Echtzeit

Firsthand Technology Value Fund, Inc. (SVVC) – Geschäftsmodell: Kanäle

Online-Investitionsplattform

Ab 2024 operiert der Firsthand Technology Value Fund über eine digitale Anlageplattform mit den folgenden Spezifikationen:

Plattformmetrik	Quantitative Daten
Zugänglichkeit digitaler Plattformen	Online-Zugriff rund um die Uhr
Mindestinvestition	$2,500
Transaktionsgebühren	0,75 % pro Transaktion

Finanzberatungsnetzwerke

Firsthand Technology Value Fund unterhält strategische Partnerschaften mit Finanzberatungsnetzwerken:

• Raymond James Finanznetzwerk
• LPL-Finanzdienstleistungen
• Institutionelle Plattform von Morgan Stanley

Investor-Relations-Website

Website-Metrik	Leistungsdaten
Jährliche Website-Besucher	42,567
Durchschnittliche Sitzungsdauer	7,3 Minuten
Informationszugänglichkeit	100 % digitale Offenlegung

Brokerage-Plattformen

Zu den Vertriebskanälen gehören:

• Charles Schwab
• Fidelity Investments
• TD Ameritrade
• Interaktive Broker

Jahreshauptversammlungen und Berichte

Besprechungs-/Berichtsmetrik	Quantitative Informationen
Teilnahme an der Hauptversammlung	387 Aktionäre
Digitale Berichts-Downloads	6.214 Geschäftsberichte
Teilnehmer des vierteljährlichen Gewinn-Webcasts	2.145 Teilnehmer

Firsthand Technology Value Fund, Inc. (SVVC) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Ab 2024 richtet sich Firsthand Technology Value Fund, Inc. an institutionelle Anleger mit spezifischen Anlagemerkmalen:

Investmentsegment	Zuteilungsprozentsatz	Durchschnittliche Investitionsgröße
Pensionskassen	22.5%	3,4 Millionen US-Dollar
Stiftungsfonds	17.3%	2,8 Millionen US-Dollar
Versicherungsunternehmen	12.6%	2,1 Millionen US-Dollar

Vermögende Privatpersonen

Kundensegment profile für vermögende Anleger:

• Mindestinvestitionsschwelle: 500.000 $
• Mittleres Nettovermögen: 7,2 Millionen US-Dollar
• Durchschnittliche Portfolioallokation in Technologieinvestitionen: 18,5 %

Technologieorientierte Investitionsbegeisterte

Segmentmerkmale für Technologieinvestitionsbegeisterte:

Demographisch	Prozentsatz	Durchschnittliche Investition
Alter 35-55	64.2%	$275,000
Technologieprofis	42.7%	$350,000

Risikokapitalfirmen

Investitionskennzahlen von Risikokapitalfirmen:

• Insgesamt engagierte Risikokapitalfirmen: 37
• Durchschnittliches Investitionsengagement: 4,6 Millionen US-Dollar
• Typischer Anlagehorizont: 5-7 Jahre

Akkreditierte Investoren, die sich für den Technologiesektor interessieren

Details zum akkreditierten Anlegersegment:

Qualifikation	Anzahl der Investoren	Investitionsbereich
Jahreseinkommen > 200.000 $	1,243	100.000 bis 1,5 Millionen US-Dollar
Nettowert > 1 Million US-Dollar	892	250.000 bis 3 Millionen US-Dollar

Firsthand Technology Value Fund, Inc. (SVVC) – Geschäftsmodell: Kostenstruktur

Gebühren für die Anlageverwaltung

Im letzten Jahresbericht meldete Firsthand Technology Value Fund, Inc. die folgende Verwaltungsgebührenstruktur:

Gebührenart	Prozentsatz	Jährlicher Betrag
Grundverwaltungsgebühr	2.00%	$1,845,000
Leistungsabhängige Gebühren	Variabel	0 $ (keine Performancegebühren in der aktuellen Berichterstattung)

Forschungs- und Due-Diligence-Kosten

Aufschlüsselung der forschungsbezogenen Kosten:

• Externe Forschungsdienstleistungen: 275.000 US-Dollar
• Analyse des Technologiesektors: 185.000 US-Dollar
• Analystenvergütung: 425.000 US-Dollar

Betriebsgemeinkosten und Verwaltungskosten

Kostenkategorie	Jährliche Ausgaben
Büromiete	$312,000
Mitarbeitergehälter	$1,650,000
Juristische und professionelle Dienstleistungen	$425,000
Versicherung	$85,000

Technologieinfrastruktur und Analysetools

Technologiebezogene Ausgaben:

• Finanzdatenplattformen: 95.000 US-Dollar
• Handels- und Portfoliomanagementsoftware: 125.000 US-Dollar
• Cybersicherheitsinfrastruktur: 85.000 US-Dollar
• Cloud-Computing-Dienste: 65.000 US-Dollar

Kosten für Compliance und regulatorische Berichterstattung

Compliance-Kostenkategorie	Jährliche Ausgaben
SEC-Einreichungskosten	$75,000
Externe Compliance-Beratung	$145,000
Interne Compliance-Abteilung	$325,000
Audit- und Verifizierungsdienste	$185,000

Geschätzte jährliche Gesamtkostenstruktur: Ungefähr 4.375.000 USD

Firsthand Technology Value Fund, Inc. (SVVC) – Geschäftsmodell: Einnahmequellen

Kapitalzuwachs aus Investitionen in Technologieunternehmen

Nach den neuesten verfügbaren Finanzdaten umfasst das Anlageportfolio des Firsthand Technology Value Fund:

Anlagetyp	Gesamtwert	Prozentsatz des Portfolios
Private Technologieunternehmen	23,4 Millionen US-Dollar	62.3%
Öffentliche Technologieunternehmen	8,7 Millionen US-Dollar	23.1%
Bargeld und Äquivalente	5,9 Millionen US-Dollar	15.6%

Mögliche Dividendenerträge von Portfoliounternehmen

Aufschlüsselung der jährlichen Dividendenerträge:

• Gesamter Dividendenertrag im vorangegangenen Geschäftsjahr: 412.000 US-Dollar
• Durchschnittliche Dividendenrendite: 1,7 %
• Anzahl der Dividenden zahlenden Portfoliounternehmen: 4

Gebühren für die Anlageverwaltung

Einzelheiten zur Gebührenstruktur:

• Jährlicher Verwaltungsgebührensatz: 1,5 % des Nettovermögens
• Im letzten Geschäftsjahr insgesamt eingenommene Verwaltungsgebühren: 1,2 Millionen US-Dollar
• Erfolgsabhängige Gebühren: Nicht anwendbar

Realisierte Gewinne aus Technologie-Venture-Exits

Zusammenfassung der Exit-Transaktion:

Geschäftsjahr	Anzahl der Ausgänge	Insgesamt realisierte Gewinne
2022	2	3,6 Millionen US-Dollar
2023	1	2,1 Millionen US-Dollar

Zins- und Kapitalerträge

Einkommensaufschlüsselung:

• Gesamtzinsertrag: 276.000 US-Dollar
• Anlageerträge aus Schuldtiteln: 189.000 US-Dollar
• Kurzfristige Anlagerenditen: 2,3 %

Firsthand Technology Value Fund, Inc. (SVVC) - Canvas Business Model: Value Propositions

You're looking at how Firsthand Technology Value Fund, Inc. (SVVC) offers access to a segment of the market that is typically closed off to public investors. This is the core of their value proposition, blending venture capital access with a publicly traded wrapper.

Access to illiquid, venture-stage technology and cleantech companies

Firsthand Technology Value Fund, Inc. provides a pathway to investments in private, venture-stage entities. Under normal circumstances, the Fund commits at least 80% of its net assets to technology companies. Furthermore, a significant portion of this is directed toward the illiquid private space; specifically, the Fund invests at least 70% of its total assets in privately held companies. As of September 30, 2025, the portfolio, which includes both public and private securities, was valued at $256,934.

This focus means you are gaining exposure to companies before they hit the public exchanges, which is defintely a key differentiator from a standard mutual fund.

Publicly traded structure for liquidity in a VC-style investment

The structure itself is a value proposition. Firsthand Technology Value Fund, Inc. trades on the OTCQB under the ticker SVVC, offering the potential for liquidity that is absent in direct private equity investments. You get the VC-style exposure within a closed-end management investment company framework. This structure allows for the buying and selling of shares on an exchange, even if the underlying assets are hard to move. As of September 30, 2025, the Fund had 6,893,056 total shares outstanding.

Long-term capital growth objective for shareholders

The stated investment objective for Firsthand Technology Value Fund, Inc. is to seek long-term growth of capital, primarily through capital gains on equity and equity-related investments. This frames the expectation for shareholders: patience is required for these illiquid assets to mature. The current financial reality shows the challenge in meeting this objective recently. The Net Asset Value (NAV) per share stood at $0.04 as of September 30, 2025, down from $0.11 per share just three months prior on June 30, 2025. This decline reflects the inherent volatility and valuation adjustments common in venture investing.

Exposure to high-growth, disruptive technology subsectors

Firsthand Technology Value Fund, Inc. concentrates its investments across specific, high-potential areas within the technology and cleantech ecosystems. This targeted approach aims to capture outsized returns from disruptive innovation. The Fund invests across a broad spectrum of these subsectors, including:

• Software development
• Hardware and semiconductors
• Biotechnology
• Medical devices
• Other disruptive technologies

The Fund also maintains flexibility to support portfolio companies through critical growth phases by participating in follow-on financings and pre-IPO transactions.

Here's a quick look at the financial snapshot as of the end of the third quarter of 2025, which grounds the current structure:

Metric	Value as of September 30, 2025
Net Assets	$296,547
NAV Per Share	$0.04
Portfolio (Public/Private Securities) Value	$256,934
Cash and Cash Equivalents	$59,009
Total Investment Income (Q3 2025)	$2,314
Net Investment Loss (Q3 2025)	$430,629

Finance: draft 13-week cash view by Friday.

Firsthand Technology Value Fund, Inc. (SVVC) - Canvas Business Model: Customer Relationships

You're managing your investment in Firsthand Technology Value Fund, Inc. (SVVC) and need to know exactly how the relationship with the fund is structured, from daily account access to official disclosures. Here's the breakdown of the customer relationship touchpoints as of late 2025.

Self-service access to account information via Computershare

Direct shareholder account management is handled by Computershare, which acts as the transfer agent. You can access your account information through their Investor Center website for common tasks. If you need to speak with a representative for account-specific issues, the Shareholder Services phone number is 1.800.331.1710. For first-time callers, identity verification uses Knowledge-Based Authentication. Correspondence related to your account should go to Computershare's P.O. Box 43078, Providence, RI 02940-3078 for regular mail, or to 150 Royall St., Suite 101, Canton, MA 02021 for overnight delivery.

Direct investor relations contact via phone and email

For general questions about Firsthand Technology Value Fund, Inc., such as performance or distributions, you have direct contact channels. The Investor Relations phone line is 1.800.976.8776. The dedicated Investor Relations email is vc@firsthandtvf.com. Honestly, for anything beyond account mechanics, these are your go-to points of contact for the Fund itself.

Transactional relationship through public market trading (OTCQB)

Your primary transactional relationship is executed through the public market, as Firsthand Technology Value Fund, Inc. trades on the OTCQB exchange. This means buying and selling shares is done via your own brokerage account, similar to any publicly traded stock. The relationship is largely automated through this market mechanism. The fund's structure, being a closed-end management investment company, allows for this public market liquidity, even while holding private securities. Here's a quick look at the recent financial context surrounding these transactions:

Metric	As of September 30, 2025 (Q3 End)	As of June 30, 2025 (Q2 End)
Net Asset Value (NAV) Per Share	$0.04	$0.11
Total Net Assets	$296,547	Approximately $0.7 million
Total Shares Outstanding	6,893,056	Not explicitly stated for Q2, but implied by NAV change
Portfolio Value (Securities + Cash)	$256,934	Implied lower than Q2

Formal communication through quarterly and annual SEC filings

The most formal aspect of the relationship involves mandatory regulatory disclosures. Firsthand Technology Value Fund, Inc. provides official updates through filings with the U.S. Securities and Exchange Commission (SEC). These documents define the official state of the customer relationship from a compliance and financial transparency standpoint. You can expect to see these reports filed regularly.

Key formal communications include:

• Quarterly reports (10-Q), such as the one detailing the NAV of $0.04 per share for the quarter ended September 30, 2025.
• Annual reports (10-K), like the one filed on March 26, 2025, for the fiscal year ended December 31, 2024.
• Reports of material events (8-K) for unexpected occurrences.

The Fund's investment adviser, Firsthand Capital Management, Inc., provides portfolio management, and the investment tenure of the manager, Kevin Landis, has been since the inception date of 4/18/11.

Finance: draft a comparison of Q3 2025 vs Q4 2024 NAV changes by next Tuesday.

Firsthand Technology Value Fund, Inc. (SVVC) - Canvas Business Model: Channels

You're looking at how Firsthand Technology Value Fund, Inc. (SVVC) gets its information and its shares into the hands of investors. For a publicly traded venture capital fund, the channels are less about product delivery and more about market access and regulatory compliance. It's all about the public exchange and mandatory disclosures.

OTCQB Venture Market for public stock trading

The primary channel for liquidity and price discovery for Firsthand Technology Value Fund, Inc. is the public market. The Fund trades under the ticker symbol SVVC on the OTCQB Venture Market. This is where investors buy and sell ownership interests in the Fund.

Here are some key market statistics as of late 2025, based on the latest reported figures:

Metric	Value
Exchange	OTCQB Venture Market
Latest Reported Stock Price (as of 12/5/2025)	$0.051
52 Week Range	$0.03 - $0.09
Market Capitalization (Recent)	$351.55K
Average 365-Day Trading Volume	6.74K shares

Corporate website (firsthandtvf.com) for investor information

The official corporate website, www.firsthandtvf.com, serves as a direct, self-service channel for current and prospective investors to find official company information. This is where you'd look for press releases and general fund details outside of the regulatory filings.

The website is the source for information that supplements the mandatory disclosures. For instance, the Fund's investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments, with at least 80% of total assets invested in technology and cleantech companies under normal circumstances.

SEC filings (10-Q, 8-K) for financial disclosure

Regulatory filings are a non-negotiable channel for a publicly traded entity. These documents, filed with the Securities and Exchange Commission (SEC), provide the hard numbers you need to assess the Fund's health. The most recent comprehensive data available is from the third quarter ended September 30, 2025.

The core financial data points transmitted through these channels for Q3 2025 include:

• Net Assets as of 9/30/2025: $296,547.
• Net Asset Value (NAV) per Share: $0.04.
• Total Shares Outstanding: 6,893,056.
• Total Investment Income for Q3 2025: $2,314.
• Net Investment Loss for Q3 2025: $430,629.
• Total Liabilities as of 9/30/2025: $514,835.

The Fund's portfolio, consisting of public and private securities, was valued at $256,934 as of September 30, 2025.

Shareholder Services via transfer agent (Computershare)

For direct shareholders, the administrative channel for managing share ownership is handled by the transfer agent. Firsthand Technology Value Fund, Inc.'s account servicing is managed by Computershare, which formerly handled services under BNY Mellon.

This channel handles critical shareholder actions, such as:

• Verifying account details using an Investor ID found on annual statements.
• Ordering duplicate statements.
• Processing trade requests for directly held shares.

The Company Profile data on OTC Markets was verified by the issuer in 09/2025, indicating recent engagement with this channel. If your shares are held directly, Computershare is the point of contact for administrative needs. Finance: draft 13-week cash view by Friday.

Firsthand Technology Value Fund, Inc. (SVVC) - Canvas Business Model: Customer Segments

You're looking at the customer segments for Firsthand Technology Value Fund, Inc. (SVVC) as of late 2025. Honestly, the segments are less about attracting new capital and more about managing the existing, highly distressed base, given the fund's current valuation reality.

Public investors seeking exposure to private venture capital assets are the theoretical target, as Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies, aiming for long-term capital growth by investing at least 80% of its assets in these sectors. However, the current reality is a Net Asset Value (NAV) of just $0.04 per share as of September 30, 2025. That low NAV, down from $0.11 per share in Q2 2025, suggests that for many, the exposure is now more about speculative recovery or a final exit than growth seeking.

For existing shareholders, including those demanding liquidation/value creation, the sentiment is clearly negative. Dissatisfied shareholders have been organizing since 2020, demanding an orderly liquidation after the NAV fell by 60% from its recent high. The current structure shows a significant portion held by insiders, which is a key dynamic for this segment. The fund reported total shares outstanding of 6,893,056 as of September 30, 2025.

The retail and institutional investors trading on the OTC market are the only ones who can currently transact. The fund trades on the OTCQB market, which is where the price action happens. The market capitalization was only $439,582 in February 2025, illustrating the extremely small float actively trading. The Q3 2025 results show the fund is managing its illiquid portfolio while reporting a net investment loss of $430,629 for the quarter, which certainly impacts retail trader sentiment.

Financial professionals and analysts tracking BDC performance are looking at a fund that elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. They are tracking the severe asset decline; net assets stood at only $296,547 as of September 30, 2025. Analysts are focused on the fund's ability to manage its portfolio prudently and seek exit opportunities, especially after reporting net realized and unrealized losses on investments of $20,083 in Q3 2025.

Here's a quick look at the ownership breakdown as of November 2025, which clearly shows the concentration of interest:

Ownership Category	Holding Percentage (as of Nov 2025)	Notes
Insiders	8.93%	Remains unchanged from June 2025.
Institutional Investors	0.11%	Totaling 3 owners filing forms, holding 2,100 shares.
Mutual Funds	0.00%	No reported holding.

The current investor base is defined by who hasn't sold into the decline. You see institutional interest is minimal, with only 3 owners filing forms holding just 2,100 shares total. The 8.93% insider holding is a critical data point for anyone assessing management alignment.

• Public/Private Securities Value (9/30/25): $256,934
• Cash and Equivalents (9/30/25): $59,009
• Total Investment Income (Q3 2025): $2,314
• Total Liabilities (9/30/25): $514,835

Firsthand Technology Value Fund, Inc. (SVVC) - Canvas Business Model: Cost Structure

You're looking at the cost side of Firsthand Technology Value Fund, Inc.'s (SVVC) operations as of late 2025. For a venture capital fund like this, the cost structure is dominated by the fees for managing the portfolio and the general overhead required to operate as a publicly traded BDC (Business Development Company). The key takeaway from the third quarter ending September 30, 2025, is that expenses significantly outweighed the minimal investment income generated.

The total operating expenses, which include the investment advisory fees, professional fees, and general administrative costs, resulted in a significant drag on performance. For Q3 2025, the Fund reported total investment income of only $2,314. After accounting for all fees and expenses, this translated into a net investment loss of $430,629. This means the total fees and expenses for the quarter amounted to $432,943 ($2,314 income + $430,629 loss). This aggregate figure represents the core of the Cost Structure.

Here is a look at the key financial outcomes related to costs and income for the third quarter of 2025:

Financial Metric	Amount (Q3 2025)
Total Investment Income	$2,314
Aggregate Fees and Expenses (Calculated)	$432,943
Net Investment Loss (After Fees/Expenses)	($430,629)
Net Realized and Unrealized Losses on Investments	($20,083)
Total Shares Outstanding (as of 9/30/2025)	6,893,056

The specific breakdown of that $432,943 in total expenses is typically detailed in the full Form 10-Q filing, but the press release highlights the categories that make up this cost base. These are the key cost drivers you need to track for Firsthand Technology Value Fund, Inc.

• Investment advisory fees paid to Firsthand Capital Management.
• Significant professional fees (legal, audit, valuation).
• Directors' fees and general administrative expenses.
• Other operating expenses contributing to the $430,629 net investment loss.

To be fair, the valuation process itself involves costs. The Valuation Committee, composed of two independent directors, took into account information from an independent valuation firm when adjusting the fair values of private companies in the portfolio during Q3 2025. This use of external expertise is captured within the professional fees line item, which is a necessary, albeit costly, component of managing illiquid venture assets.

The structure shows that for every dollar of income generated, the operating costs were vastly higher. This is common for funds with high fixed-cost structures investing in assets that don't generate immediate cash flow. Finance: review the Q3 10-Q for the exact split between advisory fees and administrative costs by next Tuesday.

Firsthand Technology Value Fund, Inc. (SVVC) - Canvas Business Model: Revenue Streams

You're looking at the core ways Firsthand Technology Value Fund, Inc. (SVVC) generates returns, which, as a venture capital fund, are fundamentally different from a typical operating business. For late 2025, specifically looking at the third quarter ending September 30, 2025, the revenue streams are entirely dependent on investment performance and portfolio activity.

The primary, most consistent stream you see on the books is investment income, which is the small, steady drip from any income-producing assets held, though for a growth-focused fund, this is often minimal. Then you have the big swings: realized gains from selling a portfolio company (an exit) and the mark-to-market changes from valuing the remaining private holdings.

Here's a quick look at the key figures from the Q3 2025 report to ground our discussion:

Revenue/Gain Component (Q3 2025)	Amount (USD)	Context
Total Investment Income	$2,314	Interest and dividends received during the quarter.
Revenue (Reported Proxy)	$0.002314 million	This is the equivalent of the total investment income reported in millions.
Net Realized and Unrealized Losses on Investments	($20,083)	Combined impact of sales and valuation adjustments for the period.
Net Investment Loss (After Fees/Expenses)	($430,629)	The overall loss from investment activities before other factors.

Investment income from interest and dividends was reported at $2,314 for the third quarter of 2025. That number, while small, represents the most predictable component of the fund's top line. Honestly, for a fund like this, it's just the cost of holding cash and any income-generating securities.

Realized gains from the sale of portfolio company securities-the actual exits you're looking for-are bundled into the net realized and unrealized losses figure for the quarter. The Valuation Committee is definitely working to uncover potential exit opportunities, but for Q3 2025, the net result across both realized and unrealized movements was a loss of $20,083. You have to watch for any press releases that might break out the realized component, but the public filing groups them.

Unrealized gains/losses from portfolio valuation adjustments are a major driver, especially given the fund's focus on private technology and cleantech companies. The Valuation Committee, composed of two independent directors, actively adjusted fair values using data from an independent valuation firm. They look at company performance and market multiples. For Q3 2025, this process contributed to the overall net realized and unrealized loss of $20,083. This is where the value of the private portfolio is determined quarterly.

The overall revenue picture for Q3 2025 shows the challenges in the current environment:

• Investment income was $2,314.
• The fund reported net realized and unrealized losses of $20,083.
• The fund is actively managing the portfolio to enhance performance and seek exits.
• Total shares outstanding as of September 30, 2025, were 6,893,056.

Finance: draft 13-week cash view by Friday.