If you talk to venture capitalists in Asia and need not beg for money, ask them about rejection rates. China-based startup accelerator SOSV accepts just 3% of its applicants. Venture capital firm Beenext of Japan and Singapore funds 60 of the 1,000 companies it has screened. Just two random examples. Why do most applicants fall short? Money is naturally limited and the high-net-worth individuals behind venture capital funds want a return. But a lot of those individuals are adventurous people willing to gamble on good ideas even without an elaborate plan for making money. Startups can also seek crowdfunding or get bank loans. There’s more to the rejections.

http://www.forbes.com/sites/ralphjennings/2016/05/23/five-mistakes-asian-startups-make-when-looking-for-money/#66555cf64006