Technology companies maybe be getting heat in the stock market—but entrepreneurs will most likely still have a safe flow of funds, veteran venture capitalists told CNBC on Tuesday.
Technology stocks felt the momentum of the market's latest downturn Tuesday, with 86 percent of the Nasdaq 100 trading 10 percent lower or more from their 52-week highs Tuesday morning. But any small leak in a tech bubble would be slow to filter down to Silicon Valley start-ups that aren't publicly traded, said Kate Mitchell, Scale Ventures co-founder and National Venture Capital Association board member.
"In the past couple of years, there's been almost no impact," Mitchell said on "Squawk Alley." "We are early to mid-stage investors, so companies with really nascent revenue. So we're not concerned about our portfolio companies."
Many of the market's recent woes came after disappointing data from Chinese economy. But Rahul Sood, CEO of start-up Unikrn and former head of Microsoft Ventures, said China is still poised to be the world's top start-up ecosystem.
"I just think it's a cycle, I really don't think it's a bubble," Sood said on "Squawk Alley." "There's never been a time in our history where technology has been so prolific, where every company on Earth is basically a software company. So I'm not worried about this at all."
To be sure, not everyone agrees with Mitchell's and Sood's sunny sentiments. Dot-com era businessmen like Bill Gurley, Mark Suster, Jason Calacanis and Mark Cuban said last week more cautious investing sentiment could lead to a slide in start-up funding.
If anything, though, Mitchell said Tuesday's selloff would likely only turn off investing "tourists"—public-market investors looking for growth in private companies.
"A lot of people who have joined the market may leave, which frankly, will provide me great earnings opportunities," Mitchell said. "I'll be able to buy my assets and investments at better prices."
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—CNBC's Gina Francolla contributed research to this report.