When it comes to start-up funding and exits, 2016 is likely to be a more challenging funding environment than the first half of 2015 was, Yang said.
"I do think the valuations got ahead of themselves over the past two years. And so you'll see a little bit of cooling off from that front. I don't think you'll see a lack of funding options, I just think they'll be at a discount to where, you know, valuation multiples were looking in the past two years.
For early-stage companies: "I don't think anybody expects any slowdown in innovation at the early stages. And so from a funding perspective, when you are investing in these early stage companies, it's a little bit less about the valuation just given the nature of the market," he said.
When it comes to exits, the trend of staying private longer will persist and tech giants — from Facebook to Apple — will look to acquire start-ups to maintain growth and obtain new technologies, said Yang.
"I don't think that any of the big tech companies are scared of acquiring companies right now, they still have quite a bit of cash on the balance sheets. And as I kind of mentioned in one of the previous questions, I do think they're looking to other services outside of their core products for growth in the next year," he said.