Fears of Brexit alone were enough to reduce venture capital investment in Europe by more than a third during the second quarter, according to a report by the Financial Times.
Now that the U.K. actually voted to leave the European Union (EU), investors are examining the long-term implications of the decision.
John Frankel is founding partner of ff Venture Capital, a New York-based firm providing seed-stage funding to technology companies. He told CNBC that major tech centers in Europe are likely to eye top tech talent in a race to recruit the best from the U.K.
He also predicted Brexit could spur strong opportunities for young companies.
"We anticipate more UK-based startups wanting to move to the U.S. over the next few years for the relative stability and wide open markets," he told CNBC.
While predictions of the long-term impact of the vote on job mobility circulate, Frankel didn't think it would have a major impact on the industry.
As Brexit's impact continues to reverberate across financial markets, it could ultimately create new opportunities in venture capital, according to Frankel.