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Golden, a managing partner at VC firm Revolution Partners, said that he wasn't focusing on daily stock market moves.
"We're going the long ball here, and we're putting money to work that's completely illiquid for five, six, seven years, maybe longer," he said. "So, the day-to-day gyrations don't influence us as much as the macro effects because we ultimately use the public market to give us some guidance as to what these businesses are worth five, six, seven years from now."
Revolution Partners holds stakes in such companies as Zipcar, LivingSocial, RunKeeper and UberMedia, among others.
Technology applications for everyday living was an area getting plenty of attention, Golden added.
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"There are some very interesting things going on because we're all walking around with computers in our pocket. I could pull my iPhone out and figure out what my dog is doing at this very minute. I can tell you whether my home is alarmed. So, the internet of things is one area we're spending a lot of time in," he said.
"Big data coupled with privacy" was another hot area, Golden added. "As we've now discovered, there are very few secrets we have, but people still want to keep them. And there are some very innovative things going on in that score."
Tony Tjan, CEO and managing partner of VC firm Cue Ball, echoed the longer time frame.
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"All of us are in this for the long run. So, I think one of the tendencies that we tend to get in these short-term corrections is to become what Bob Metcalf has called 'macro-myopic.' So, that is the tendency to overestimate the short-term impact and underestimate the long-term," he said.
Cue Ball's roster includes stakes in the likes of 1-800-DENTIST, Yapp and Ideeli.
"Over the long-term, I'm very, very bullish on great enterprise technology, cloud-based, mobile applications," Tjan added. "That will still play out in the long run. I think what you're going to see is a correction on speculative IPOs and short-term value capture."
—By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.