Firsthand Technology Value Fund, Inc. (SVVC): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the journey of a venture capital fund that invests in technology and cleantech companies? This blog post delves into Firsthand Technology Value Fund, Inc. (SVVC), a publicly traded venture capital fund, to explore its history, ownership structure, mission, and how it operates and generates revenue. SVVC's recent financial results for the year ended December 31, 2024, showed net assets of approximately $1.1 million, or $0.15 per share, compared to $1.5 million, or $0.22 per share as of September 30, 2024. Keep reading to uncover the story behind this Silicon Valley fund.

Firsthand Technology Value Fund, Inc. (SVVC) History

Firsthand Technology Value Fund, Inc. Founding Timeline

Year established

The company was established in 1994.

Original location

The original location is not explicitly mentioned in the provided context.

Founding team members

The founding team members are not explicitly mentioned in the provided context.

Initial capital/funding

Information about the initial capital or funding is not available in the provided context.

Firsthand Technology Value Fund, Inc. Evolution Milestones

Firsthand Technology Value Fund, Inc. Transformative Moments

• 2011: Public Offering - The decision to go public marked a significant shift, providing increased access to capital and greater visibility in the market.
• 2014: NASDAQ Listing - Uplisting to the NASDAQ Capital Market enhanced the fund's credibility and appeal to a broader range of investors.
• 2018: Focus on Smaller Companies - Shifting the investment strategy to focus on smaller, private technology companies allowed the fund to target higher growth opportunities, albeit with increased risk.
• 2019: Investment in Digital Currencies - Entering the digital currency space was a transformative move, reflecting a willingness to explore new and potentially lucrative investment areas.
• 2023: Strategic Review - Initiating a strategic review signaled a proactive approach to addressing challenges and maximizing shareholder value in a dynamic market environment.

To gain more insight into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of Firsthand Technology Value Fund, Inc. (SVVC).

Firsthand Technology Value Fund, Inc. (SVVC) Ownership Structure

Firsthand Technology Value Fund, Inc. has a diverse ownership structure that includes institutional, retail, and insider stakeholders. Understanding this structure is crucial for investors to gauge the balance of power and potential influences on company decisions.

Firsthand Technology Value Fund, Inc.'s Current Status

Firsthand Technology Value Fund, Inc. is a publicly traded company, meaning its shares are available for purchase on the open market. This allows a wide range of investors to participate in the company's financial performance.

Firsthand Technology Value Fund, Inc.'s Ownership Breakdown

As of the latest available data from 2024, the ownership of Firsthand Technology Value Fund, Inc. is distributed among various types of shareholders. The following table provides a detailed breakdown:

Firsthand Technology Value Fund, Inc.'s Leadership

The leadership team plays a vital role in guiding Firsthand Technology Value Fund, Inc.'s strategy and operations. Key figures include:

• CEO and Chairman: F. Jacob Hart.
• Chief Financial Officer: Sachin David.

These individuals, along with other members of the executive team and board of directors, are responsible for making critical decisions that impact the company's performance and direction. More insights about the company can be found here: Breaking Down Firsthand Technology Value Fund, Inc. (SVVC) Financial Health: Key Insights for Investors

Firsthand Technology Value Fund, Inc. (SVVC) Mission and Values

Firsthand Technology Value Fund, Inc. aims to generate capital appreciation by investing in technology and cleantech companies. The company's values are reflected in its investment strategy and operational practices, emphasizing innovation and long-term growth.

Firsthand Technology Value Fund, Inc.'s Core Purpose

Official mission statement

Firsthand Technology Value Fund, Inc. has the following mission statement:

• To seek long-term capital appreciation, primarily through investments in privately held technology and cleantech companies.

Vision statement

• To be a leading investment firm recognized for identifying and nurturing innovative technology and cleantech companies.
• To deliver superior returns to shareholders by capitalizing on emerging trends and disruptive technologies.

Company slogan/tagline

While Firsthand Technology Value Fund, Inc. does not have a specific, publicly promoted slogan or tagline, its activities and investment focus suggest an implied message centered on innovation and growth.

• Implied Tagline: Investing in Tomorrow's Technology Today.

For further insights into the company's performance, see Breaking Down Firsthand Technology Value Fund, Inc. (SVVC) Financial Health: Key Insights for Investors.

Firsthand Technology Value Fund, Inc. (SVVC) How It Works

Firsthand Technology Value Fund, Inc. (SVVC) operates as a publicly traded venture capital fund, focusing on investing in and growing innovative technology and cleantech companies.

Firsthand Technology Value Fund's Product/Service Portfolio

Firsthand Technology Value Fund's Operational Framework

Firsthand Technology Value Fund's operational framework revolves around identifying, investing in, and nurturing companies within the technology and cleantech sectors. The fund seeks to generate returns through capital appreciation and strategic exits, leveraging a hands-on approach to portfolio management.

• Investment Sourcing and Due Diligence: The firm actively seeks out promising investment opportunities through its network and conducts thorough due diligence to assess the viability and potential of each company.
• Portfolio Management: SVVC takes an active role in managing its portfolio companies, offering strategic advice, operational guidance, and access to its network of industry contacts.
• Valuation and Exit Strategy: A key aspect of SVVC's operations involves continually evaluating its investments and planning exit strategies, such as IPOs, mergers, or acquisitions, to maximize returns.
• Financial Reporting and Compliance: As a publicly traded company, Firsthand Technology Value Fund adheres to strict financial reporting standards and regulatory requirements, ensuring transparency and accountability to its shareholders.

Firsthand Technology Value Fund's Strategic Advantages

Firsthand Technology Value Fund maintains several strategic advantages that enable it to succeed in the competitive venture capital landscape.

• Industry Expertise: With a focus on technology and cleantech, the fund has developed deep industry expertise, allowing it to make informed investment decisions and provide valuable guidance to its portfolio companies.
• Active Management Approach: Unlike passive investment funds, Firsthand Technology Value Fund takes an active role in managing its investments, working closely with portfolio companies to drive growth and create value.
• Publicly Traded Structure: Being a publicly traded fund provides SVVC with access to a broader pool of capital and greater liquidity compared to traditional venture capital funds.

For more detailed insights into the financial health of Firsthand Technology Value Fund, explore: Breaking Down Firsthand Technology Value Fund, Inc. (SVVC) Financial Health: Key Insights for Investors

Firsthand Technology Value Fund, Inc. (SVVC) How It Makes Money

Firsthand Technology Value Fund, Inc. (SVVC) primarily makes money through capital appreciation of its investments in privately held and publicly traded technology companies.

Firsthand Technology Value Fund, Inc.'s Revenue Breakdown

As a closed-end investment fund, SVVC's revenue streams are not derived from direct sales or services but rather from the performance of its investment portfolio. The fund's financial success hinges on the increased valuation of its holdings and realized gains from selling these investments at a profit.

Firsthand Technology Value Fund, Inc.'s Business Economics

SVVC operates under the business model of a closed-end investment fund, focusing on technology companies. Its economic fundamentals include:

• Investment Selection: Identifying and investing in promising technology companies, often in their early stages.
• Portfolio Management: Actively managing its investment portfolio to maximize returns, including monitoring company performance and making strategic decisions about when to buy, sell, or hold investments.
• Valuation: Determining the fair value of its investments, particularly those in privately held companies, which can be challenging and subjective.
• Exit Strategy: Realizing gains through successful exits, such as IPOs or acquisitions of its portfolio companies.

Firsthand Technology Value Fund, Inc.'s Financial Performance

Analyzing SVVC's financial performance involves looking at several key metrics:

• Net Asset Value (NAV): A critical indicator of the fund's overall financial health, representing the value of its assets less liabilities, divided by the number of outstanding shares.
• Investment Portfolio Composition: A breakdown of the fund's investments by sector, stage, and geography, which can provide insights into its risk profile and growth potential.
• Realized and Unrealized Gains/Losses: The gains or losses from the sale of investments (realized) and changes in the fair value of investments (unrealized) are key drivers of the fund's performance.
• Operating Expenses: The fund's expenses, including management fees and operating costs, can impact its overall returns.
• Cash Flow: Monitoring the fund's cash flow, including capital inflows from investors and outflows for investments and expenses, is important for assessing its liquidity and financial stability.

For more detailed insights into the financial health of Firsthand Technology Value Fund, Inc., you can explore: Breaking Down Firsthand Technology Value Fund, Inc. (SVVC) Financial Health: Key Insights for Investors

Firsthand Technology Value Fund, Inc. (SVVC) Market Position & Future Outlook

Firsthand Technology Value Fund, Inc. navigates a dynamic market, aiming to capitalize on emerging technology trends while managing inherent risks associated with venture capital investments. Understanding its competitive landscape, potential opportunities, and challenges is crucial for assessing its future performance.

Competitive Landscape

Opportunities & Challenges

Industry Position

Firsthand Technology Value Fund, Inc. operates within the venture capital and private equity industry, focusing specifically on technology companies. Its position can be characterized by:

• Niche Player: SVVC is a smaller player compared to larger, private venture capital firms with significantly more assets under management.
• Publicly Traded: Being a publicly traded fund provides both opportunities and challenges, including greater transparency and regulatory scrutiny.
• Technology Focus: The fund's specific focus on technology allows for specialized expertise but also concentrates risk within a single sector.

For more in-depth information about the company's core values, you can read about Mission Statement, Vision, & Core Values of Firsthand Technology Value Fund, Inc. (SVVC).