SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
9/17/12
1. NAME OF REPORTING PERSON
Bulldog Investors, Brooklyn Capital Management,
Phillip Goldstein and Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[X]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
512,904
8. SHARED VOTING POWER
124,194
9. SOLE DISPOSITIVE POWER
637,098
_______________________________________________________
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
637,098
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
7.45%
14. TYPE OF REPORTING PERSON
IA
_______________________________________________________
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock
of Firsthand Technology Value Fund, Inc.
("SVVC" or the "Issuer").
The principal executive offices of SVVC are located at
150 Almaden Boulevard, Suite 1250
San Jose, California
Item 2. IDENTITY AND BACKGROUND
This statement is filed on behalf of Bulldog Investors,
Brooklyn Capital Mangement, Phillip Goldstein,
60 Heritage Drive Pleasantville, NY 10570 a principal of Bulldog Investors
and Andrew Dakos, Park 80 West,Saddle Brook, NJ 07663, also a principal
of Bulldog Investors. Mr.Goldstein and Mr. Dakos are self-employed
investment advisors.
On October 17, 2007 the Massachusetts Secretary of State issued a permanent
"obey the law" injunction and fined Bulldog Investors, Messrs. Goldstein and
Dakos and certain related parties (the "Respondents") $25,000 for operating
an open website containing information about certain unregistered
investments and sending an e-mail about such investments to a Massachusetts
resident who requested information. On April 5, 2012, the President signed the
JOBS Act which expressly permits such acts. Consequently, on June 29, 2012,
the Respondents submitted a motion to the Secretary to vacate his order.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of managed
accounts.
ITEM 4. PURPOSE OF TRANSACTION
The filing group believes the issuer's shares are undervalued and will attempt
to communicate with management regarding the large disparity between the
shares' market price and their intrinsic value.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As per the 10-Q filed on August 9, 2012 there were 8,556,480 shares of
common stock outstanding as of 06/30/12 The percentage set forth in item 5
was derived using such number. Bulldog Investors, Brooklyn Capital Management,
Phillip Goldstein and Andrew Dakos beneficially own an aggregate of 637,098
shares of SVVC or 7.45% of the outstanding shares.Power to dispose of and vote
securities resides either with Mr. Goldstein, Mr. Dakos or with clients.
c) During the past 60 days the following shares of SVVC were purchased:
Date: Shares: Price:
07/27/12 70,876 15.7093
07/30/12 5,721 15.7940
07/31/12 7,924 15.8440
08/01/12 15,304 15.8264
08/02/12 29,288 15.6559
08/03/12 1,300 15.8308
08/08/12 3,708 15.9970
08/09/12 10,756 15.9809
08/13/12 16,772 15.9270
08/14/12 17,260 15.9358
08/15/12 10,473 15.9307
08/16/12 14,090 15.8910
08/17/12 18,490 15.9823
08/20/12 6,335 15.9388
08/21/12 22,710 15.9180
08/22/12 19,178 15.9232
08/23/12 36,675 15.9423
08/27/12 4,231 16.0000
08/28/12 19,709 15.9991
08/29/12 26,500 15.9938
08/30/12 6,816 16.0000
09/04/12 3,025 16.0000
09/05/12 2,961 16.0367
09/10/12 2,685 16.0500
09/11/12 23,063 16.0430
09/12/12 14,500 16.0498
09/13/12 11,500 16.0000
09/14/12 4 16.0500
09/17/12 6,304 16.1372
09/18/12 27,166 16.1933
09/19/12 10,241 16.1929
09/21/12 13,100 16.8882
09/24/12 64,716 16.9236
09/25/12 52,036 16.9531
09/26/12 17,400 16.8742
d) Beneficiaries of managed accounts are entitled to receive any
dividends or sales proceeds.
e) NA
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: 9/27/2012
By: /s/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos