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Douglas W. Jamison, Chairman, CEO and Managing Director of Harris & Harris Group, Inc. (TINY), Interviews with The Wall Street Transcript

67 WALL STREET, New York - June 25, 2013 - The Wall Street Transcript has just published its Business Development Companies Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Consistent BDC Dividend Yield - BDC Risk/Reward Profile - Higher Dividend Yields - Business Development Companies Historical Overview

Companies include: Harris & Harris Group, Inc. (TINY) and many more.

In the following excerpt from the Business Development Companies Report, the CEO and Managing Director of Harris & Harris Group, Inc. (TINY) discusses company strategy and the outlook for this vital industry:

TWST: Can you talk a little bit about benchmarking and how you measure your performance?

Mr. Jamison: Harris & Harris Group thinks about its performance in the context of realizing returns on its investments and growing its net assets over time. We are early-stage venture investors, so we don't plan month-to-month or quarter-to-quarter, but we think about realized growth over years. As a public company, we believe that if we are able to do that over a period of time and at a compound annual growth rate that is competitive in the marketplace, that we should be able to interest investors in Harris & Harris Group. But investors have to think in longer time periods than traders currently think to understand Harris & Harris Group.

Recently, Harris & Harris Group has had a few really high-quality successes. BioVex was a $1 billion acquisition by Amgen. The successful IPO of Solazyme in 2011 has been a very good investment return for Harris & Harris Group. Just last week, we announced our most recent return, the successful sale of Xradia. Xradia will potentially return about $15 million on our $4 million investment. Harris & Harris Group, as an early-stage venture investor, has been quite successful over the last decade, when most venture capital firms have not been able to return the money that was invested in them.

TWST: How would you explain your interest in quantum computing with the announcement regarding D-Wave and its novel way of making quantum computers?

Mr. Jamison: D-Wave is probably one of the most exciting companies in the portfolio. It's maturing and developing very well. D-Wave is a classic early-stage investment in that the probability of success was low when we first invested, but the return potential could be exceedingly high if it is able to execute on its business plan.

D-Wave has been executing on its business plan. D-Wave has produced the world's first commercial...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.