Yes/No -- In my last job hunt, I talked to more than one employer who said they had declined people who rocked the whiteboarding, but had nothing else to show. People are building teams who can work together, communicate well, and dedicate their efforts to completing projects together. Good whiteboarding is a prerequisite to being part of a team... but not the entirety of a hiring decision.
Having side projects to show doesn't prove one can work together on a team, communicate well, nor dedicate their efforts to completing projects together.