As investors digest the implication of Britain's vote to leave the European Union, the technology sector is hungrily examining every possible angle.
When the dust settles, the fallout should be relatively isolated regarding technology companies, Paul Holland, a general partner at Foundation Capital, told CNBC's "Squawk Alley" on Tuesday. But he still has some key big-picture concerns, he said.
"If this is the beginning of a retreat of the postwar compact that we've seen …. that hurts the Silicon Valley," Holland said. "I think that hurts American business in general. We thrive in sort of a liberal economy around the world — liberal, not in the American political sense, but in the real economic sense."
Here are three of the impacts Holland highlighted — and the one silver lining he said no one's mentioning.