When it comes to the technology sector, the U.S. and China need to learn to get along, and the sooner, the better, a venture capitalist told CNBC's "Closing Bell" Wednesday.
"Both sides need the other," Roger McNamee, founding partner of Elevation Partners, said. "We cannot pretend we can grow without China as a market, and China cannot possibly grow without the U.S. as its largest trading partner."
Technology business leaders like Tim Cook, Jeff Bezos and Satya Nadella were among those reportedly present in Seattle on Wednesday when Chinese President Xi Jinping spoke on cyberespionage policies. Xi's diplomatic visit is expected by McNamee to bring small but positive changes to the business relations between the two nations.