Investors ran scared from stocks Monday, but that may prove "healthy" in the long run, one technology sector expert said.
The tech-heavy Nasdaq was down as much as 8.8 percent before cutting that to a drop of less than 1 percent midday Monday, with high-fliers Facebook, Amazon and Google all losing ground. With the index trading in correction territory, investors should seek entry points to ride out the "next wave" of market movement, said Roger McNamee, co-founder of venture capital firm Elevation Partners.
"It's really important not to let yourself get freaked out," he said in a CNBC "Squawk Alley" interview.
"We've just taken a lot of risk out of equity valuations," McNamee added.