With these words, 14-year-old Taylor Rosenthal described his acceptance to TechCruch Disrupt, an event for entrepreneurs, startup companies and tech fans, according to CNN Money.
In 2015, Mr. Rosenthal, the youngest person to be accepted to TechCrunch Disrupt, created a startup called RecMed, where he now serves as CEO. After raising $100,000 in angel investments for the company, he’s turned down a buyout offer of $30 million.
In the simplest terms, RecMed is a vending machine for first aid supplies. Mr. Rosenthal, a baseball player who hails from Alabama, came up with the idea while he was taking a Young Entrepreneurs Academy class in eighth grade. “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 said, according to the report. “I wanted to solve that.”
His initial idea of setting up a small store at baseball tournaments turned out to be unprofitable. But with a little advice from his parents — both of whom work in the medical industry — Mr. Rosenthal formed a design for the vending machine version of RecMed.
The vending machine, which costs $5,500, offers a variety of options. Customers can buy prepackaged first aid kits for between $5.99 and $15.95, or they can choose individual supplies such as band aids and gauze pads for between $6 and $20.
The RecMed concept is already generating buzz. Six Flags has ordered 100 machines. Mr. Rosenthal is hoping to send out the machines by this fall.
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