On December 7, 2022, Star Equity Fund LP announced that it has sent an open letter to shareholders of Firsthand Technology Value Fund Inc, highlighting the Company board's performance and change in shareholders value under current board management. In addition, Star Equity Fund LP stated that it has nominated Hannah M Bible, and Robert G Pearse to the Company board, it intended to file a preliminary proxy statement with SEC and urged the shareholders of the Company to vote for its board nominees at the 2023 annual meeting of shareholders.