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14-year-old businessman turns down $30M buyout opportunity for first-aid vending machine

Unknown 6:36 PM $30M , 14yearold , businessman , buyout , down , firstaid , machine , opportunity , Turns , vending

<div class="easy-ads"><div class="easy-ads-lite easy-ads-lite-bidvertiser-top" style="display:block;text-align:center;"><ins class="adsbygoogle" style="display:block;" data-ad-client="ca-pub-3942681860132668" data-ad-slot="4831328630" data-ad-format="auto"></ins><br/></div><br/></div><br/><div class="post-thumbnail"> <a href="http://kickerdaily.com/14-year-old-businessman-turns-down-30m-buyout-opportunity-first-aid-vending-machine/image-via-public-domain/"><img alt="" src="http://kickerdaily.com/wp-content/uploads/2016/05/Image-via-Public-Domain-620x264.png" title="RecMed first-aid vending machine"/></a> <span class="wp-caption-text">Public domain image</span> </div><br/><aside class="mashsb-container mashsb-main"></aside><ul><li><strong>The inventor of RecMed first-aid vending machine is 14-year-old Taylor Rosenthal</strong></li><br/><li><strong>The young CEO turned down a $ 30M buyout opportunity</strong></li><br/><li><strong>His innovative creation was inspired by watching his friends fall over at baseball games</strong></li><br/><li><strong>He said: “No one could find a Band-Aid when someone got hurt”</strong></li><br/></ul><p>OPELIKA, Alabama – Ninth grader Taylor Rosenthal, inventor of the first-aid vending machine he called ‘RecMed’, turned down a $ 30 Million buyout opportunity from a major healthcare company.</p><br/><p>The 14-year-old-CEO’s creation started as a high school project for his 8th grade entrepreneurship class at Opelika High School in Alabama. The idea sprouted after watching friends fall over at a baseball game and yet, “No one could find a Band-Aid when someone got hurt”, said Taylor.</p><br/><p>The young boy knew his design was one of its kind, so he decided to develop RecMed for real and worked on a prototype with the help of his parents, who were both working in the medical industry, and then acquired a patent.</p><br/><p>Taylor then went on to pitch his design to Round House Startup Space where he won third prize. The young entrepreneur has already raised more than $ 100,000 in investments and has received an order of 100 machines from Six Flags theme park which costs $ 5500 each, reports <a href="http://www.dailymail.co.uk/news/article-3585987/Bill-Gates-worried-Teenage-CEO-14-turns-30-million-buyout-offer-innovative-aid-vending-machines.html?ito=social-facebook">Daily Mail</a>.</p><br/><div class="easy-ads"><div class="easy-ads-lite easy-ads-lite-bidvertiser-middle"><br/><br/></div><br/></div><br/><p>One of his teachers, Clarinda Jones, said,”It has been amazing watching Taylor grow over the past year into this confident and amazing business man. Even with all of his success, he remains humble and ready to help others. He’s just 14. Bill Gates should be worried.”</p><br/><p>According to <a href="http://www.ems1.com/technology/articles/90161048-Teen-invents-sells-first-aid-vending-machine/">EMS1</a>, the RecMed machine offers two options: prepackaged first-aid kits for sun burns, cuts, blisters and bee stings or individual supplies like Band-Aids, rubber gloves, hydrocortisone wipes and gauze pads. The price of the kits range from $ 5.99 to $ 15.95.</p><br/><p>Taylor said he wants to see the RecMed vending machines stationed at amusement parks, beaches, and sports stadiums.</p><br/><aside class="mashsb-container mashsb-main"></aside> <center> </center><br/><p><strong><a href="https://blockads.fivefilters.org">Let’s block ads!</a></strong> <a href="https://github.com/fivefilters/block-ads/wiki/There-are-no-acceptable-ads">(Why?)</a></p><br/><p><a href="http://kickerdaily.com/14-year-old-businessman-turns-down-30m-buyout-opportunity-first-aid-vending-machine/" rel="nofollow">Kicker Daily News</a></p><br/><div class="easy-ads"><div class="easy-ads-lite easy-ads-lite-bidvertiser-bottom" style="display:block;text-align:center;"><ins class="adsbygoogle" style="display:block;" data-ad-client="ca-pub-3942681860132668" data-ad-slot="4831328630" data-ad-format="auto"></ins><br/></div><br/></div>

Public domain image The inventor of RecMed first-aid vending machine is 14-year-old Taylor Rosenthal The young CEO turned down a $ 30M bu...