A 14-year-old entrepreneur Taylor Rosenthal made it to the headlines for creating a vending machine that dispenses first-aid products. He was offered $30M from investors to buy his vending machine RecMed but he turned down that offer. He is currently planning to sell his vending machine to “major amusement parks.”
When he was asked the reason behind why he turned down the $30M offer, he said that he felt that it was not the right time to make that deal and he wanted to work on developing the company and that’s the reason he turned down the $30M offer.
The young entrepreneur is hoping to make a deal for $50M dollars to sell the vending machine. RecMed till now has made $100,000 from angel investors. Rosenthal wishes to further study business or medicine at Notre Dame University if he is paid big for the vending machine. He plans to buy a Bently for himself if he makes it big.