September 25, 2012 by Terence LEE
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 at first, which he will repay later.
“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. Read more