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COMPANY CONTACT: Gayle Cline Marketing Communications Consultant Golden Parachute Inc. Tel: 650.787.8042 (mobile) Email: gayle@goldenparachute.com URL: www.goldenparachute.com FOR RELEASE November 1, 1999 at 2:00 p.m. PDT
GOLDEN
r, A R A C H U T E"
Golden Parachute Inc. Unveils New Web Destination Site Exclusively for the Elite: GoldenParaehute.com High-Caliber Web Community Connects Power Players With Fellow VIPs for Work and Play Redwood City, Calif. - November 1, 1999 - Golden Parachute Inc. today unveiled its new site, www.GoldenParachute.com, the Intemet's destination site exclusively for
graduates and students of top universities and colleges. Unlike general purpose portals that target a mass audience, GoldenParachute.com caters to the needs of its members to provide an arsenal of tools designed to help members maximize their opportunities both business and social success through dynamic, Web-based networking. "GoldenParachute.com professional is the exclusive online community where the busy peers and mentors," for
and discerning VIP can go, to connect with high-caliber
said Negin Kamangar, Golden Parachute Inc. founder, president and CEO. "Our new Web site serves as a single hub for alumni to find abundant career, business and social networking opportunities and build alliances for advancement."
Golden Parachute also announced today that it has formed a strategic partnership with Venture Capital Online (vcapital.com), membership capitalists, the private capital community's only
based referral service and information hub for entrepreneurs to bring vcapital.com's venture capital market information
and venture
and capital raising
guidelines and resources to Golden Parachute members who are looking for venture funding.
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2800 Bay Road Redwood City CA 94063 (650) 364- I000 tel (650) 261-9975fax
"Our partnership with vcapital.com is in line with our aim to establish GoldenParachute.com as a resource for our entrepreneurial members looking to venture
out on their own," said Kamangar.
"Vcapital.com provides the vehicle for these business
individuals to connect with venture capitalists and to secure comprehensive planning and financing information from a reputable source."
"Golden Parachute members are the sort of savvy and successful individuals that vcapital.com looks to serve--entrepreneurs and business leaders with good business co-founder and vice president of business base makes it especially
acumen," said David Starr, vcapital.com development. "Golden Parachute's
high-quality membership
attractive to the venture capital community." The new GoldenParachute.com Web site features a new interface and four new areas
of interest to Golden Parachute members: • Sports Village--the "arena" where members can connect with other members interested in sports and athletics - to find a local informal or "pick-up game," a new tennis partner, someone to train with for the next marathon or competition, or simply to meet someone to take to the ball game Alumni Profiles--where members can build and maintain a personal homepage profiling their skills and showcasing their successes Social Events--where members can post and learn about various social events in their area - from alumni club activities, university fundraising bashes, to get-togethers at , the ball park Roommate Connection-designed for members to advertise vacancies and connect with other professionals to find housing in various cities GoldenParachute.com's existing content:
•
•
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These four new feature areas complement •
Alumni Search--where members can search for fellow registered alumni, using Golden Parachute's sophisticated search system that enables searches using various criteria--from university attended, profession and geographic location and sports interests to more sophisticated ad hoc queries Mentoring--where members can connect with or volunteer to be a mentor
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•
Entrepreneurial Ventures--where members can team up with other members to execute on a vision or to find a new venture Job Search--a career move place for members to create and post resumes and search for their next
•
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Mergers & Acquisitions (M & A) Social Lounge--where other single members for friendship and romance Chat & Discussion Forums--a fellow members
members can connect with
•
place for members to collaborate and "talk" with
About Golden Parachute Inc. Golden Parachute Inc. was formed to develop and deliver the premier online destination for alumni and students of top colleges and universities for career, business
and social networking needs. Golden Parachute is the first company to adhere to a membership model based on exclusivity for its online and offline---communities.
Unlike general-purpose elite membership
portals, Golden Parachute focuses on the specific needs of its
to manage the quality of experience for its members and to provide a (ROI) for advertisers, merchants, partners and affiliates Based in Redwood City, Calif., the company
high return-on-investment
looking to reach a specific market segment.
may be reached at (650) 364-1000 or www.goldenparachute.com.
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