25 Sep '12, 2am

ChopChop founder Aaron Hee gives up investment banking scholarship to run a startup

ChopChop founder Aaron Hee gives up investment banking scholarship to run a startup

Entrepreneurs suffer in the short-term so that they might enjoy a pay-off in the future. For Aaron Hee , founder of Malaysia-based startup ChopChop , that reality takes on an extra dimension. Recently, he gave up his investment banking scholarship, which comes with a 5-year bond, to pursue his dream of becoming a first-time entrepreneur. That decision has a hefty price — a penalty fee of RM 400,000 (USD 130,000), borne by his parents. “It wasn’t a pleasant experience to make this decision… the least I could do is be really appreciative for the sacrifices my parents have made,” he told SGE in an email interview. Aaron is well-aware that the success rate for entrepreneurs is small. But at least it beats a zero-percent probability, he adds. Everything will ride on the ChopChop app, which lets users collect ‘chops’ from a variety of merchants in exchange for rewards. Think of ...

Full article: http://sgentrepreneurs.com/2012/09/25/chopchop-founder-aa...

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