<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 September 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)
                                                        September 30,
                                                            1998
                                                        ------------
<S>                                                     <C>
ASSETS

Cash and cash equivalents                                 $208,064
Restricted cash                                             22,000
Organizational costs (net of
 accumulated amortization of $7,500)                        42,500
                                                           -------
     Total assets                                         $272,564
                                                           =======

LIABILITIES AND MEMBERS' EQUITY

Accounts payable and accrued expenses                     $ 10,885
Due to related parties                                     322,663
                                                           -------
     Total liabilities                                     333,548

Commitments and contingencies (Notes 2 and 5)

Members' equity:
 Investors (shares outstanding
  of 3,490)                                                289,074
 Investment Managers                                          (256)
 Deferred distribution costs                              (349,802)
                                                           -------
     Total members' equity                                 (60,984)
                                                           -------
     Total liabilities and
       members' equity                                    $272,564
                                                           =======
</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
                                                     September 30, 1998        September 30, 1998
                                                     ------------------        ------------------
<S>                                                      <C>                        <C>
Income:
 Interest income                                        $  1,758                      3,648
                                                          ------                     ------

     Total income                                          1,758                      3,648

Costs and expenses:
 Management fees                                           2,290                      6,980
 Independent Directors'
  compensation                                            11,234                     32,684
 Amortization of organizational
  costs                                                    2,500                      7,500
 Operating expenses:
  Administrative and investor services                       162                      3,397
  Professional fees                                        2,310                     13,618
                                                          ------                     ------
         Total operating expenses                          2,472                     17,015
                                                          ------                     ------
     Total costs and expenses                             18,496                     64,179
                                                          ------                     ------
Net realized loss                                       $(16,738)                   (60,531)
                                                          ======                     ======

Net realized loss per share                             $     (5)                       (29)
                                                          ======                     ======
</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                  $349,000            --               --         349,000

Investment Managers' 
 capital contributions                      --           349               --             349

Deferred distribution costs                 --            --         (349,802)       (349,802)

Net realized loss                      (59,926)         (605)              --         (60,531)
                                       -------           ---          -------         -------

Members' equity, September 30, 1998   $289,074          (256)        (349,802)        (60,984)
                                       =======           ===          =======         =======

</TABLE>

See accompanying notes to financial statements.



<PAGE>
STATEMENT OF CASH FLOWS (unaudited)
----------------------------------
<TABLE>
<CAPTION>
                                                  For the Period from
                                           January 22 to September 30, 1998
                                           --------------------------------
<S>                                                    <C>
Cash flows from operating activities:
 Interest received                                    $   3,648
 Cash paid to vendors                                    (6,130)
 Cash paid to related parties                           (16,001)
                                                        -------
  Net cash used by operating activities                 (18,483)
                                                        -------
Cash flows from financing activities:
 Proceeds from sale of investor shares                  349,000
 Investment Managers' capital contributions                 349
 Payments for organizational and
  distribution costs                                   (100,802)
                                                        -------
  Net cash provided by financing activities             248,547
                                                        -------
Net increase in cash and restricted cash                230,064
                                                        -------

Cash and restricted cash at September 30              $ 230,064
                                                        =======
Reconciliation of net realized loss to net 
 cash provided by operating activities:

Net realized loss                                     $ (60,531)

Adjustments to reconcile net realized loss to
 net cash used by operating activities:
  Amortization of organizational costs                    7,500

Changes in assets and liabilities net of
 effects from noncash financing activities:
  Accounts payable and accrued expenses                  10,885
  Due to related parties                                 23,663
                                                        -------
  Net cash used by operating activities               $ (18,483)
                                                        =======
Noncash financing activities:

Deferred distribution costs due 
 to Investment Managers                               $ 299,000
                                                        =======

</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 September 30, 1998 and July 1, 1998 to 
September 30, 1998 of 2,099 and 3,112 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 September 30, 1998, were as follows:

<TABLE>
<CAPTION>
                                                                 1998
                                                                -------
<S>                                                           <C>
Management fees                                                $ 6,980
Independent Directors' compensation                             32,684
Amortization of organizational costs                             7,500
</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 September 
30, 1998, management fees payable totaled $6,980.

The Fund reimburses the Investment Managers and Distributors for 
organizational and distribution costs. Distribution costs payable at 
September 30, 1998, were $299,000.  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 
September 30, 1998, $32,684 of such fees were incurred by the Fund.  At 
September 30, 1998, such fees payable totaled $7,500.

The Investment Managers have paid certain operating expenses of the 
Fund on the Fund's behalf.  At September 30, 1998, due to related 
parties for such expenses was $9,183.

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 September 30, 1998, 
the Investment Managers contributed capital of $349.

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 September 30, 1998 consisted of:
<TABLE>
<CAPTION>
                                                              1998
                                                             ------
<S>                                                        <C>
Demand account                                              $  1,500
Money-market account                                         206,564
                                                             -------
     Total                                                  $208,064
                                                             =======
</TABLE>

As of September 30, 1998, the Fund's monies were on deposit at a single 
financial institution.

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 September 30, 1998, the 
Distributors had incurred distribution costs totaling $2,075,725, of 
which $50,000 has been paid and $299,000 has been recorded as a 
liability of the Fund, with the remaining portion of $1,726,725 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 September 30, 1998, such restricted funds totaled $22,000.

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

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

For the period from January 22 to September 30, 1998, net cash used by 
operating activities totaled $18,483.  The Fund received proceeds of 
$349,000 from sales of investor shares and $349 from Investment 
Managers' capital contributions.  Organizational and distribution costs 
of $100,802 were paid.

Cash and cash equivalents at September 30, 1998, were $208,064.  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.

The Year 2000
-------------

The widespread use of computer programs that rely on two-digit date 
programs to perform computations and decision-making functions may 
cause computer systems to malfunction in the year 2000 and lead to 
significant business delays and disruptions.  

The Investment Managers have completed a preliminary assessment of the 
internal financial, information and operating systems which it provides 
to the Fund.  Implementation and testing of necessary system 
modifications is in progress and will be completed well before December 
31, 1999.  The Investment Managers are also monitoring the progress of 
software vendors and third-party processors on which it relies, as well 
as the progress of portfolio companies in which it has made significant 
investments.  

The Investment Managers do not expect the cost of the internal system 
modifications to be material to the Fund's financial statements.


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 September 30, 1998.
 
b) Financial Data Schedule for the period ended and as of September 
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:  November 12, 1998    By:   /s/Michael R. Brenner
                              -----------------------------------
                                     Michael R. Brenner
                                     Controller