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Expert: Don't worry about higher rates, start-ups

Think your start-up could suffer due to higher interest rates? Fear not, says Charles Moldow, general partner at Foundation Capital.

"It's hard to argue we're going to see much effect. It might be a lot to do about nothing in the short term," Moldow told CNBC's "Squawk Alley" on Thursday.

The Federal Reserve raised interest rates for the first time in nearly a decade on Wednesday, marking the end of near-zero rates in the U.S.

Many start-ups have enjoyed unprecedented success, garnering valuations of more than $1 billion. However, many venture capitalists have already begun paring down valuations.

Still, Moldow said start-ups should be OK in the near future.

"Start-ups are focused on how they serve the customers, and are those products and services going to be in less demand as a result of higher interest rates. It's hard to argue that a consumer is going to look at their credit card bill and see a rise in the interest expense and think, 'Wow, I can't really afford the next thing I wanted to buy,' " he said.

"If we saw 16 straight increases in rates over the next four years, I think you could see a dramatically different environment, but I think it's much to do about nothing right now."