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As for invitations, everyone is invited but for the last several years my parties have been at small venues so we have to shut down the door at some point. The last minute party last January was at Teatro and it only holds 150 people but it was some of the biggest people in the biz and everyone that could get in had a blast.
Of course, I like the smaller venue because my parties are always open bar and that can get really expensive. I am not there to get every Tom Dick and Harry drunk...just my friends, clients and prospective clients. My last *big* open-bar party was in January 2000 at C2K and my final cost was $130k and I got less ROI than the smaller ones.
--T
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