Yong-Soo Chung, after witnessing the struggles of Ripple due to a substantial fine, chose to leave his job as a software engineer to pursue entrepreneurship. With $10,000 in savings, he spent the summer brainstorming potential business ideas based on his interests and activities. This led him to create an e-commerce business focused on everyday carry gear. His venture has since flourished, generating over $1 million in sales last year. Chung emphasizes the importance of passion in business and reflects positively on his decision to leave traditional employment for a fulfilling entrepreneurial journey.
When Ripple was fined, I decided to leave, but I needed a plan. I had around $10,000 saved to invest in a business.
Every day, I'd sit at my desk as a software engineer, knowing we couldn't do much. I was miserable and depressed.
Now, I call them crazy. I love entrepreneurship.
I reviewed my credit card statements to see what I was spending money on and whether I could build a business out of my interests.
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