This study is aimed to examine the role of accounting information at venture capital investment in technology start-ups. The study is qualitative and exploratory in nature, collecting data from a series of interview with professional who works at venture capital firm in Indonesia. Discussion agenda is framed on three propositions: stewardship role of accounting information from existing financial statements; valuation role of accounting information from existing financial statements; and assessing the impact of undisclosed intangible assets to value of investments venture capital.  We find that accounting information no longer plays strong stewardship and valuation role, certainly in early-stage investment for venture capital investor. We also find  undisclosed intangible assets have positive impact on venture capital investment value .