How to invest as the Fed causes tech stocks to struggle: Lindzon

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A veteran investor says the bears have it all wrong, and pessimism is already priced into markets. Here's where he's putting his money now that the time-tested playbook for investing in tech stocks has fallen apart.

Still, long-time technology investor Howard Lindzon has found other opportunities in markets.For 25 years, venture capitalist Howard Lindzon has invested in small companies with big dreams. A few ofBut right now Lindzon isn't following the tech-focused investing approach that brought him so much success over the previous two decades.

"You can't do a startup today and hire a hundred engineers because you can't raise enough money," Lindzon said."No one wants to give you that money because it's expensive now." Besides widespread pessimism in markets, Lindzon said he's also encouraged that US equities haven't fallen further. Monetary policy from the Federal Reserve was the biggest driver of stocks for the last 10 years, he said, so if someone had told him a few years ago that the Fed would go from boosting stocks to trying to tear them down, he would have expected heavier losses.

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