Despite the plunge in Chinese markets this week, Paul Holland, Foundation Capital's general partner, said on Wednesday that there wasn't widespread panic in Beijing.
"I wouldn't try to suggest that there is panic here," he told CNBC's "Squawk Alley," speaking from Beijing.
"Generally speaking, other than a portion of people who are bummed out that the stock market has blown off the top of it, there's kind of a steady-as-you-go business environment at the moment. There's no sense of panic and there's an expectation of things progressing in the form that people thought they would."
The Shanghai Composite has fallen nearly 25 percent this week alone, despite several attempts by the Chinese government to stop it.