<PAGE>
                             UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                              FORM 10-Q

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
     EXCHANGE ACT OF 1934

               For the quarterly period ended June 30, 1998

                                    OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

            For the transition period from N/A to N/A
                                           ---    ---

                      Commission File No. 814-124

             TECHNOLOGY FUNDING VENTURE CAPITAL FUND VI, LLC.
             ------------------------------------------------
            (Exact name of Registrant as specified in its charter)

          Delaware                            94-3266666
-------------------------------     ---------------------------------
(State or other jurisdiction of    (I.R.S. Employer Identification No.)
incorporation or organization) 

2000 Alameda de las Pulgas, Suite 250
San Mateo, California                                            94403
---------------------------------------                       --------
(Address of principal executive offices)                     (Zip Code)

                              (650) 345-2200
             --------------------------------------------------
            (Registrant's telephone number, including area code)

Indicate by check mark whether the Registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange 
Act of 1934 during the preceding 12 months (or for such shorter period 
that the registrant was required to file such reports), and (2) has been 
subject to such filing requirements for the past 90 days. Yes X  No   
                                                             ---   ---

No active market for the shares of the limited liability company exists, 
and therefore the market value of such shares cannot be determined.

<PAGE>

I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

BALANCE SHEET
-------------
<TABLE>
<CAPTION>
                                                         (unaudited)
                                                           June 30,
                                                             1998
                                                         -----------
<S>                                                     <C>
ASSETS

Cash and cash equivalents                                 $222,109
Restricted cash                                             10,500
Organizational costs (net of
 accumulated amortization of $5,000)                        45,000
                                                           -------
     Total assets                                         $277,609
                                                           =======

LIABILITIES AND MEMBERS' EQUITY

Accounts payable and accrued expenses                     $ 11,890
Due to related parties                                     309,277
                                                           -------
     Total liabilities                                     321,167

Commitments and contingencies (Notes 2 and 5)

Members' equity:
 Investors (shares outstanding
  of 2,345)                                                191,145
 Investment Managers                                          (203)
 Deferred distribution costs                              (234,500)
                                                           -------
     Total members' equity                                 (43,558)
                                                           -------
     Total liabilities and
       members' equity                                    $277,609
                                                           =======
</TABLE>

See accompanying notes to financial statements.



<PAGE>

STATEMENTS OF OPERATIONS (unaudited)
----------------------------------

<TABLE>
<CAPTION>
                                                       For the Three             For the Period
                                                       Months Ended            From January 22 to
                                                       June 30, 1998              June 30, 1998
                                                       -------------           ------------------
<S>                                                      <C>                        <C>
Income:
 Interest income                                        $  1,227                      1,890
                                                          ------                     ------

     Total income                                          1,227                      1,890

Costs and expenses:
 Management fees                                           1,800                      4,690
 Independent Directors'
  compensation                                            10,950                     21,450
 Amortization of organizational
  costs                                                    2,500                      5,000
 Operating expenses                                       14,543                     14,543
                                                          ------                     ------

     Total costs and expenses                             29,793                     45,683
                                                          ------                     ------

Net realized loss                                       $(28,566)                   (43,793)
                                                          ======                     ======

Net realized loss per share                             $    (15)                       (26)
                                                          ======                     ======
</TABLE>

See accompanying notes to financial statements.



<PAGE>

STATEMENT OF MEMBERS' EQUITY (unaudited)
----------------------------------------

<TABLE>
<CAPTION>
                                                                      Deferred
                                                   Investment       Distribution
                                      Investors     Managers            Costs         Total
                                      ---------    ----------       ------------      -----
<S>                                  <C>           <C>             <C>              <C>

Sales of Fund shares                  $234,500            --               --         234,500

Investment Managers' 
 capital contributions                      --           235               --             235

Deferred distribution costs                 --            --         (234,500)       (234,500)

Net realized loss                      (43,355)         (438)              --         (43,793)
                                       -------           ---          -------         -------

Members' equity, June 30, 1998        $191,145          (203)        (234,500)        (43,558)
                                       =======           ===          =======         =======

</TABLE>

See accompanying notes to financial statements.



<PAGE>
STATEMENT OF CASH FLOWS (unaudited)
----------------------------------
<TABLE>
<CAPTION>
                                                  For the Period from
                                              January 22 to June 30, 1998
                                              ---------------------------
<S>                                                    <C>
Cash flows from operating activities:
 Interest received                                     $  1,890
 Cash paid to vendors                                    (2,654)
 Cash paid to related parties                            (1,362)
                                                        -------
  Net cash used by operating activities                  (2,126)
                                                        -------
Cash flows from financings:
 Proceeds from sale of investor shares                  234,500
 Investment Managers' capital contributions                 235
                                                        -------

  Net cash provided by financing activities             234,735
                                                        -------
Net increase in cash and restricted cash                232,609
                                                        -------

Cash and restricted cash at June 30                    $232,609
                                                        =======
Reconciliation of net realized loss to net 
 cash provided by operating activities:

Net realized loss                                      $(43,793)

Adjustments to reconcile net realized loss to
 net cash used by operating activities:
  Amortization of organizational costs                    5,000

Changes in assets and liabilities net of
 effects from noncash financing activities:
  Accounts payable and accrued expenses                  11,890
  Due to related parties                                 24,777
                                                        -------
  Net cash used by operating activities                $ (2,126)
                                                        =======
Noncash financing activities:

Organizational and deferred distribution
 costs due to Investment Managers                      $284,500
                                                        =======

</TABLE>

See accompanying notes to financial statements.


<PAGE>
NOTES TO FINANCIAL STATEMENTS (unaudited)
----------------------------------------

1.    Summary of Significant Accounting Policies
      ------------------------------------------

      General
      -------

Technology Funding Venture Capital Fund VI, LLC (the Fund) is a 
Delaware limited liability company (LLC) organized in February, 1997.  
The Fund has elected to be regulated as a business development company 
under the Investment Company Act of 1940, as amended (the Act).  The 
Fund will operate as a nondiversified investment company as defined in 
the Act.

The Fund's investment objectives are long-term capital appreciation 
from venture capital investments in emerging growth companies and 
preservation of investor capital through risk management and active 
involvement with such companies.  

The Fund's Investment Managers are Technology Funding Ltd. (TFL) and 
Technology Funding Inc. (TFI), a wholly owned subsidiary of TFL.  Three 
Independent Directors and two persons affiliated with the Investment 
Managers (Affiliated Directors) serve as Directors of the Fund.  The 
Investment Managers are responsible for the Fund's investments, subject 
to the supervision of the Directors.

From February 1997 through January 22, 1998, the Fund was inactive.

The Fund is offering 1,000,000 shares in an aggregate amount of up to 
$100,000,000.  The offering commenced on January 22, 1998, (the 
Commencement Date).  There is no minimum offering amount.  The shares 
are being offered and sold through Technology Funding Securities 
Corporation (TFSC), a wholly-owned subsidiary of TFI, and a registered 
member of the National Association of Securities Dealers, Inc.  The 
offering will terminate at the discretion of the Investment Managers, 
but no later than January 22, 2000.

The Fund's fiscal year-end is December 31. The Fund will continue until 
December 31, 2007, subject to the right of the Directors to extend the 
term for up to two additional two-year periods.

In the opinion of the Investment Managers, the accompanying interim 
financial statements, reflect all adjustments necessary for a fair 
presentation of the financial position, results of operations, members' 
equity, and cash flows for the interim periods presented. 

      Preparation of Financial Statements
      -----------------------------------

The preparation of financial statements in conformity with generally 
accepted accounting principles requires management to make estimates 
and assumptions that affect the amounts reported in the financial 
statements and accompanying notes.  Actual results could differ from 
those estimates. 


      Cash and Cash Equivalents
      -------------------------

Cash and cash equivalents are principally comprised of cash invested in 
demand accounts and money market instruments, and are stated at cost 
plus accrued interest.  The Fund considers all money market and short-
term investments with an original maturity of three months or less to 
be cash equivalents.

      Deferred Distribution Costs
      ---------------------------

Distribution costs consist of offering costs incurred pursuant to a 
Distribution Agreement with TFSC and TFI (the Distributors).  The Fund 
will reimburse the Distributors for such costs.  The Fund reports 
deferred distribution costs to the extent that investor capital has 
been raised as a liability and as a deduction from Members' Equity.  
Deferred Distribution Costs will be allocated to investors' capital 
accounts on a straight-line basis over the offering period, beginning 
in the period in which Fund investment activity commences.

      Organizational Costs
      --------------------

Organizational costs of $50,000 are amortized over sixty months using 
the straight-line method.

Effective in the first quarter of 1999, the unamortized portion of 
these costs will be expensed in full in accordance with Statement of 
Position 98-5, Reporting on the Costs of Start-Up Activities.

      Provision for Income Taxes
      --------------------------

No provision for income taxes has been made by the Fund as the Fund has 
elected to be treated as a partnership for income tax purposes, and, 
therefore, the Fund is not directly subject to taxation.  The LLC 
members are to report their respective shares of LLC income or loss on 
their individual tax returns.

      Net Realized Loss Per Investor Share
      ------------------------------------

Net realized loss per investor share is calculated by dividing the 
weighted average number of investor shares outstanding for the periods 
from January 22, 1998 to June 30, 1998 and April 1, 1998 to June 30, 
1998 of 1,659 and 1,888 shares, respectively, into total net realized 
loss allocated to investors.  The Investment Managers contributed an 
amount equal to 0.1% of investors capital contributions and did not 
receive any shares.

2.    Related Party Transactions
      --------------------------

Related party costs are included in costs and expenses shown on the 
Statement of Operations.  Related party costs for the period from 
January 22, 1998 to June 30, 1998, were as follows:

<TABLE>
<CAPTION>
                                                                 1998
                                                                -------
<S>                                                           <C>
Management fees                                                $ 4,690
Independent Directors' compensation                             21,450
Amortization of organizational costs                             5,000
</TABLE>

Management fees are equal to 2% of total investor capital contributions 
for each of the years of Fund operation during the offering period.  In 
subsequent years, the management fee will be 2% of the cost basis of 
Fund assets.  Management fees compensate the Investment Managers solely 
for investment manager overhead (as defined in the Operating Agreement) 
incurred in supervising the investment operations of the Fund.  
Pursuant to the Operating Agreement, a full first year fee is paid to 
the Investment Managers as each additional investor is admitted to the 
Fund, regardless of the date the investor is admitted.  At June 30, 
1998, management fees payable totaled $4,690.

The Fund reimburses the Investment Managers and Distributors for 
organizational and distribution costs.  Organizational and distribution 
costs payable at June 30, 1998, were $50,000 and $234,500, 
respectively.  As discussed in Note 5, additional distribution costs 
have been, and will be, incurred by the Distributors, and will be 
payable by the Fund as additional investor capital is raised.

As compensation for their services, the Independent Directors each 
receive $10,000 annually beginning on the Commencement Date plus $1,000 
for each of the Directors meetings attended.  For the period ended June 
30, 1998, $21,450 of such fees were incurred by the Fund.  At June 30, 
1998, such fees payable totaled $15,000.

The Investment Managers have paid certain operating expenses of the 
Fund on the Fund's behalf.  At June 30, 1998, due to related parties 
for such expenses was $5,087.

The Investment Managers contribute capital equal to 0.1% of total 
capital contributions made by the investors, payable as capital 
contributions are made by such investors.  Through June 30, 1998, the 
Investment Managers contributed capital of $235.

3.    Allocation of Profits and Losses
      --------------------------------

Net realized profits and losses of the Fund are allocated as follows:

(a)  Profits

i) First, to those investors and Investment Managers with 
deficit capital account balances until the deficits have 
been eliminated; then,
ii) Second, to those investors and Investment Managers as 
necessary to offset net loss previously allocated under 
(b)(ii) below; then,
iii) Third, 80% to the investors in proportion to capital 
account balances, and 20% to the Investment Managers.

(b)  Losses
 
i) First, to the investors and Investment Managers as 
necessary to offset net profit previously allocated to 
the investors under (a)(iii) above; then,
ii) Second, 99% to the investors and 1% to the Investment 
Managers.

Losses allocable to investors in excess of their capital account 
balances will be allocated to investors that have positive balances in 
their capital accounts in proportion to the respective amounts of such 
positive balances until all such balances have been reduced to zero, 
and thereafter solely to the Investment Managers.  Net profit 
thereafter otherwise allocable to the investors will be allocated to 
the Investment Managers to the extent of such allocated losses.  In no 
event shall the Investment Managers be allocated less than 1% of the 
net profit of the Fund, plus their pro rata share based on capital 
contributed.

4.    Cash and Cash Equivalents
      -------------------------

Cash and cash equivalents at June 30, 1998 consisted of:
<TABLE>
<CAPTION>
                                                              1998
                                                             ------
<S>                                                        <C>
Demand accounts                                             $  9,234
Money-market accounts                                        212,875
                                                             -------
     Total                                                  $222,109
                                                             =======
</TABLE>

5.    Commitments and Contingencies
      -----------------------------

As discussed in Note 2, the Fund reimburses the Distributors for 
distribution costs incurred in connection with the offering of its 
shares. The Distributors expect the Fund to reimburse these costs to 
the extent capital has been raised.  At June 30, 1998, the Distributors 
had incurred distribution costs totaling $1,846,488, of which $234,500 
has been recorded as a liability of the Fund, with the remaining 
portion of $1,611,988 payable to the Distributors as additional capital 
is raised.  Additional distribution costs are expected to be incurred 
throughout the offering period and will be payable by the Fund as 
additional capital is raised.

Under terms of an agreement with the Fund's bank, the use of the funds 
arising from sales of shares via automatic wire transfer (ACH) and 
credit card transactions, are restricted for a maximum period of ninety 
days.  At June 30, 1998, such restricted funds totaled $10,500.

Item 2.   Management's Discussion and Analysis of Financial
          Condition

Liquidity and Capital Resources
-------------------------------

For the period from January 22 to June 30, 1998, net cash used by 
operating activities totaled $2,126.  The Fund received proceeds of 
$234,500 from sales of investor shares and $235 from Investment 
Managers' capital contributions.

Cash and cash equivalents at June 30, 1998, were $232,609.  Future 
proceeds from the sales of shares, interest income earned on short-term 
investments and operating cash reserves along with Investment Managers' 
support are expected to be adequate to fund operations through the next 
twelve months.

II.  OTHER INFORMATION

Item 6.   Exhibits and Reports on Form 8-K
 
a) No reports on Form 8-K were filed by the Fund during the quarter 
ended June 30, 1998.
 
b) Financial Data Schedule for the period ended and as of June 30, 
1998 (Exhibit 27).



<PAGE>



                              SIGNATURES
                              ----------

Pursuant to the requirements of Section 13 or 15(d) of the Securities 
Exchange Act of 1934, the Registrant has duly caused this Report to be 
signed on its behalf by the undersigned, thereunto duly authorized.

                    TECHNOLOGY FUNDING VENTURE CAPITAL FUND VI,LLC

                         By:  TECHNOLOGY FUNDING INC.
                                 Investment Manager






Date:  August 12, 1998 By:        /s/Michael R. Brenner
                              -----------------------------------
                                     Michael R. Brenner
                                     Controller