Over the last few years, several large U.S. technology-based firms have begun to create venture capital funds. Usually, these venture capital funds are not as profitable as independent venture capital...

Over the last few years, several large U.S. technology-based firms have begun to create venture capital funds. Usually, these venture capital funds are not as profitable as independent venture capital funds. In your view, does this mean that the technology-based firms should abandon their venture capital efforts? If appropriate, use real options logic in your analysis.