Not really. If you have a good domain, you can rank highly for your target keywords even with only a few links.
For the search term "spaghetti", which do you think will rank better?
spaghetti.com, 10 backlinks
foodthathasmeatballs.com/spaghetti, 10000 backlinks
Unless you're in a...
Which do you like more, and why?
I prefer Facebook for IRL friends and Twitter for internet-friends, primarily due to the privacy levels each of them offer.