Kinda similar. I had tried putting a cover band together out of people I knew rather than going the CL route. As it happened, most of the people I knew who were available to form a band lived back in the area I moved from three years ago, an hour away from where I live now. At the time it didn't seem so bad because I still worked over in that area a few days a week and could hit practice on the way home from work. Also, I assumed that because everyone had gigging band experience, it would be a pretty quick process to get a set list together and start gigging, and once we were up and running we wouldn't be practicing so much.
It seemed great, but didn't work out as I expected. I've posted about all this on other threads, but basically the "cons" started piling up. The guitarist got cold feet and kept putting the brakes on getting out to gig. The drummer was from my first gigging band, years before; since that had broken up I had kept playing and improving, he had pretty much packed up his drums and let them collect dust. When this group formed he really wasn't up to snuff, whether because his skills had deteriorated or, maybe more likely, because my standards had risen. We played a few gigs but then the guitarist said he had to quit because he had developed arthritis. And by that time I wasn't working in the area any more. At that point, with the long commute and all, it just didn't seem worthwhile to keep pushing it, so I pulled the plug on it.