Raising money is easy. Attracting paying customers is hard.

There is an unhealthy focus on fundraising in Singapore. Most founders I spoke with had detailed fundraising plans, but less than a third could clearly explain who their customers were and how those customers benefited from the startup’s product. via ADVICE TO SINGAPORE STARTUPS

Although this Tim guy speaks with only a small group of startups during his trip in Singapore. He is very right about the unhealthy focus on fundraising among the startups.