Venture Capital Happy Hour (http://www.VCHappyHour.com), January 3, 6PM, Will Bring Together Venture Capitalists, Angel Investors, Seeders, Entrepreneurs, Technologists and Visionaries for an Evening of Networking and Cocktails in New York City
 FOR IMMEDIATE RELEASE
As recounted by Mahendra Ramsinghani, author of The Business of Venture Capital, in The Huffington Post, 2011 was a year of recovery for the venture capital industry; investors in venture funds wryly pointed out in 2010 that venture capital had not produced returns in the past decade. 2011 may have corrected that, but investors still continue to shy away from VC. Some worthy tech IPOs of note in 2011 were LinkedIn, Groupon and Zynga. Others included ZipCar (Short term car rentals), RenRen (China's Facebook), Yandex (Russia's search engine) Fusion I-O, (Hardware) to name a few. Venture funds that had at least two IPOs include Accel, Andresseen-Horowitz, Benchmark, Greylock, Kleiner Perkins, Sequoia, Technology Crossover Ventures and New Enterprise Associates.
Others of note include Foundry Group and Union Square Ventures (Zynga) and Battery (Angie's List). Indeed, these and other issues of importance for the industry will be discussed at the first Venture Capital Happy Hour (http://www.VCHappyHour.com), on Tuesday January 3, 2012, 6:00pm, by visionaries, investors and advisors of the next Facebook, Google and Groupon. Venture Capital Happy Hour receptions, organized by Golden Networking (http://www.goldennetworking.net), are great opportunities for practitioners to speak with unprecedented candidness about their trade, both opportunities and challenges.
The industry faces significant challenges; VC is no more than 4% of any institutional portfolio and the entire asset class attracts merely $20 billion or so each year. In comparison, hedge funds attract trillions, as do treasury bonds. CalPERS, the largest investor in venture capital, plans to reduce its allocation down to 1%. In fact, it will be skipping on its commitment to Khosla Ventures, one of the largest venture funds in the valley. Therefore, attendance to Venture Capital Happy Hour is critical for venture capitalists that want to prosper in the current environment.
Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info goldennetworking.net. Golden Networking has been frequently featured in the press, including recent articles in The Wall Street Journal, "Happy Hour for High-Frequency Trading", The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections", Los Angeles Times, "Speed-addicted traders dominate today's stock market", Reuters, "Revamp looms as trading experts huddle at SEC" and Columbia Business School's Hermes Alumni Magazine, "10 Under 10". | 
