14-Year-Old Boy Invented First Aid Vending Machine, Turned Down Whopping $30 Million Offer

A teenage CEO named Taylor Rosenthal, 14, has turned down a whopping $30 million offer for his brainchild, first-aid vending machine because he simply wants to see how it goes.

Taylor’s idea was plain and simple but the intention to help is the reason why it’s making waves in the tech market.

Taylor created an innovative new vending machine called RecMed that would cheaply dispense first-aid items.

The idea behind RecMed comes up after watching his friends fall over during a basketball game and no one could find a Band-Aid when someone got hurt.

The baseball fan, who launched his start-up last year said, “Have you ever been to an amusement park and your child falls to the ground and scrapes their knee? Then, you had to walk all the way to the front of the park to get a Band-Aid?”

By the end of last year he had developed a working prototype and was granted a patent.

A RecMed machine contains both full mini first-aid kits, costing between $5.99 and $15.95, and individual items such as Band-Aids, hydrocortisone wipes and gauze which cost up to $20.

With the help of Taylor’s parent who are both in medical profession, RecMed had raise more than a $100,000 through private investors.

Meanwhile Six Flags theme park has already ordered 100 RecMed vending machines.

Somehow, Taylor turned down a $30 million offer from a ‘large national healthcare company’ for his vending machine idea. He was not able to reveal more because of a nondisclosure agreement.

According to Terry, Taylor’s father:

    The company contacted us and said we feel the idea is worth this, would you like to sit down and talk? It’s his company. He declined because he wants to at least get it started and see how it goes.

Taylor was in eight grade at Opelika High School in Alabama when he won first prize for his vending machine idea in his entrepreneurship class.

His teacher, Clarinda Jones said:

    It has been amazing watching Taylor grow over the past year into this confident and amazing businessman. Even with all of his success, he remains humble and ready to help others. He’s just 14. Bill Gates should be worried.

Taylor’s innovative design also won him a spot on the Round House Startup Space scheme in Opelika. He also became the youngest ever entrepreneur to exhibit at TechCrunch Disrupt in Brooklyn.

Soon the public may start spotting the RecMed vending machines at amusement parks, beaches and sports stadiums.

Watch his interview:

[Source: Youtube]

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