Tim Oren, a newbie VC with programming background (since 1968!), provides some insider tips on how VC works.  He paints a bleak picture for entrepreneurs, but what he said rings true.  I guess I am sort of in the 'network', but I have yet to find an idea that I can spend other people's money and life on.  Its not that I don't have great ideas, too much in fact.  It is the willingness to take responsibility for other people's lives.  You know how some people just take their responsibilities too seriously?  Yup, thats me.  I gotta lighten up and become a believer.

Ruminations on venture capital, trust networks, and information theory  …  (C) is part of what keeps this from degenerating into an ol' boy club. According to my friend AnneLee Saxenian at Berkeley, over 25% of Valley startups now have CEOs of Indian or Chinese descent. (Lame local joke: "The Valley is built on ICs. Yeah, Indians and Chinese!") One of my partners is Indian, so he's tapped into the so-called TIE crowd. (TIE = The Indus Entrepreneur, both Indians and Paks). These guys are awesome networkers. Being Israeli or Korean or Brit also helps, but not quite so much.  …  [Due Diligence]

Its true that Korean entrepreneurial network in the Valley sucks when compared to Indian or Chinese networks.  Tim's blog is recommended.