My friend Scott shared this on Google Reader yesterday:
Study Finds Business Plans a Waste of Time
The golden nugget of wisdom: "Social connections trump business plans by a long shot". Boy howdy, can I attest to that. It makes me hope that the commenters' claims (about venture capitalists falling on hard times because they don't read business plans) are true.
The concept of networking is completely abstract to me. Essentially, two people create a relationship of little substance so they can trade business favors. It's absolutely nothing like genuine friendship, and realizing that Jane and I will either have to play the game or fail at raising money is somewhat soul-crushing. It reminds me of the Radiohead song "Paranoid Android". The fact that it's illegal for me to publicly advertise my investment offering is immensely frustrating. Is networking much different, aside from being less efficient?