Time wasting MD...should I write them off?....
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Pretty much any person working in this business is swamped with people to do and things to meet. So, at least in the professional realm, I always try to roughly classify my contacts into 4 groups - (a) people that I never want to meet again because they are idiots, assholes or useless (b) people that I "love" - go and to work for, them to work for me or generally value their advice (c) people that I can't/wouldn't put in category (b) but who's got potential (d) people that I can't classify due to lack of information If someone falls into category (a) I'd never answer their emails nor would I ever try to keep in touch no matter how desperate I am. People in category (b) are interesting enough that I keep in touch even if I have no immediate need (e.g. keep a bloomberg chat open, discuss markets, go to charity events together etc). Ideally, people in category (b) become personal friends and move outside of the professional realm. Finally, people in either (c) or (d) don't really merit a lot of attention, but don't really deserve isolation either. I'd imagine most people use a similar method, even if they don't explicitly make these notes in the contacts.
If this guy responds to your emails but more or less politely says "no", that probably means that he's placing you in either (c) or (d). It's possible that if you play your cards right at some point he will re-classify you into (b), but it could also be a waste of time for both of you. This said, the optionality of a developing professional relationship is pretty high, IMHO.
I'll also add a general statement about networking and job searches. You want to build a bunch of long-term relationships that goe beyond a potential employment opportunity - these could be people that can give you advice, refer you to their friends, make capital introductions, give you market color etc. Unfortunately, most younger guys (**) view networking the same way they view dating "the least amount of work required to get laid".
** and girls, probably, though I don't have the representative sample
Why would you ever send out a one line email like that??? Time to rethink your approach. Your goal should be to build relationships, not just beat people over the head with your resume.
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