After the doc.com bubble has burst: UK Venture Capitalists, short-term accounting criteria and investment in start-up companies

This paper reports findings from a questionnaire survey that sought to establish whether venture capitalists were using inappropriate, short-term accounting criteria to assess and monitor investment in start-up, internet companies. It found that while venture capitalists used some short-term criteria, these may be appropriate in the wake of many internet companies' bankruptcy before ever paying dividends.