Teen Turns Down 30 Million Dollars For His Brilliant Business Plan
This is awesome!
When you need First Aid, you need it fast. And not everyone is carrying around the things they need the most when they scrape a knee. That’s where this invention comes in handy.
RecMed is a vending machine for First Aid supplies. Dispensable kits for sunburns, scrapes, bee stings and more— all easily accessible right when you need it.
According to The Penny Hoarder, prepackaged kits start at $5.99 and go to $15.95 or you can purchase individual first-aid supplies from $6 to $20. Whatever kind of medical supply you desire, you can have it with the push of a button, making this machine the best thing to happen to ball parks, amusement parks and event spaces everywhere.
Who came up with this brilliant idea? None other than a 14-year-old. Yes, that’s right Taylor Rosenthal, the genius behind this invention, is barely a teenager. Impressive, huh?
He worked on this business plan in his Young Entrepreneurs Academy class, proving to be more productive in school than most of us ever were, especially at the age of 14.
“Every time I’d travel for a baseball tournament in Alabama, I’d notice that kids would get hurt and parents couldn’t find a Band-Aid,” he told CNN Money. “I wanted to solve that.”
Since then, he’s gained more and more support for his startup business, and even has sold Six Flags 100 machines for $550,000. Talk about spending money, right? No more allowance for Mr. Rosenthal!
He sees real potential in RecMed, and I can’t say that I blame him. He’s even turned down an offer to sell the company for $30 million dollars because he’s not ready to throw in the towel with this, just yet.
And why would he be? He’s just getting started.
I’ll let Rosenthal himself tell you a little bit more about it:
[h/t: The Penny Hoarder]