Donald Trump's behavior indicates a president more in favor of "white nationalism" than business growth, the co-founder of a venture capital firm said Monday.

Asked if Trump and the Republican Party can call themselves "pro-business" while criticizing large companies such as , Elevation Partners Co-Founder Roger McNamee said Trump's record on business in office shows no such evidence.

"He has been really disruptive to our trading relationships in Mexico, our trading relationships in Canada," McNamee said on CNBC's "Squawk Box." "He's also made lots of bad noise about trading relationships in China."

"He has pretended like he's contributed a lot to job growth when, in fact, he has not," McNamee said. "I think he threatens a lot of people. I don't see how any of that is pro-business at all."

While many experts have criticized Trump's protectionist goals, McNamee went so far as to question "how this guy paints himself as pro- anything other than, you know, essentially white nationalism."