New York, NY -- (SBWIRE) -- 10/05/2011 -- On Tuesday, October 4th 2011, venture capitalists and future business leaders will have the opportunity to mingle during a special Golden Networking Happy Hour event at San Rocco (39 West 24th St., New York, NY, 10010). This will be a unique opportunity to connect with the visionaries, investors, and advisors of the next Facebook, Google, and Groupon.

As reported in The Wall Street Journal, Tumblr has scant revenue and a nascent business model, but the fast-growing blogging service said it raised $85 million in venture capital. The investment values the company at $800 million, said people familiar with the matter.

The funding round highlights a continuing interest in promising new technology companies despite concerns about the economy at large. The Wall Street Journal reported last month that Tumblr was poised to raise $75 million to $100 million in a round that put the company at $800 million.

So far Tumblr's lack of revenue has kept some major Silicon Valley venture firms from signing onto the deal, according to people familiar the matter. But at least two prominent firms—Greylock Partners, an investor in Facebook Inc. and Groupon Inc., and Twitter investor Insight Venture Partners—have joined the latest investment round, said Tumblr.

Other new investors include Chernin Group, Richard Branson and returning investor partners Spark Capital, Union Square Ventures and Sequoia Capital.

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".

• The Speed Traders Workshop 2011 Chicago, "The Present and Future of High-Frequency Trading" (http://thespeedtradersworkshopchicago.eventbrite.com), October 3, Chicago

• High-Frequency Trading Leaders Forum 2011 Chicago, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumchicago.eventbrite.com), October 3-5, Chicago

• Venture Capital Happy Hour New York (http://www.vchappyhour.com), October 4, New York City

• China Leaders Forum 2011 New York, "How American Companies Can Plug into the Chinese Rocket-Propelled Economy?" (http://www.ChinaLeadersForum.com), October 7, New York

• Hedge Funds Happy Hour New York (http://www.hfhappyhour.com), October 11, New York City

• High-Frequency Trading Happy Hour New York (http://www.hfthappyhour.com), October 11, New York City

• Private Equity Happy Hour New York (http://pehappyhour.com), October 19, New York

• The Speed Traders Workshop 2011 Sao Paulo, "The Present and Future of High-Frequency Trading" (http://thespeedtradersworkshopsaopaulo.eventbrite.com), October 24, Sao Paulo

• High-Frequency Trading Leaders Forum 2011 Sao Paulo, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumsaopaulo.eventbrite.com), October 24-26, Sao Paulo, Brazil

• High-Frequency Trading Happy Hour Hong Kong (http://hfthappyhourhongkong.eventbrite.com), October 27, Hong Kong

• High-Frequency Trading Happy Hour Singapore (http://hfthappyhoursingapore.eventbrite.com), October 27, Singapore

• Public Finance Leaders Forum 2011 New York, "Navigating Uncharted Territories After S&P's U.S. Debt Downgrade from its Gilt-Edged AAA Credit Rating" (http://www.PublicFinanceLeadersForum.com), November 9, New York

• The Speed Traders Workshop 2011 Singapore, "The Present and Future of High-Frequency Trading" (http://thespeedtradersworkshopsingapore.eventbrite.com), November 13, Singapore

• High-Frequency Trading Leaders Forum 2011 Singapore, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumsingapore.eventbrite.com), November 13-15, Singapore

• The Speed Traders Workshop 2011 Hong Kong, "The Present and Future of High-Frequency Trading" (http://thespeedtradersworkshophk.eventbrite.com), December 12, Hong Kong

• High-Frequency Trading Leaders Forum 2011 Hong Kong , "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumhongkong.eventbrite.com), December, 12-14, Hong Kong