ADVERTISEMENT

14-yr-old boy rejects $30m offer for sale of unique vending machine idea

Taylor Rosenthal, from Opelika, Alabama, who had come up with an idea for the creation of vending machines that dispense first aid kits, reportedly rejected a $30m offer from a 'large national healthcare company'.

News report have revealed that a 14-year-old school boy who came up with a multi-million dollar idea, has turned down a $30 million offer for the sale of his idea.

Taylor Rosenthal, from Opelika, Alabama, who had come up with an idea for the creation of vending machines that dispense first aid kits, reportedly rejected a $30m offer from a 'large national healthcare company'.

Rosenthal made the choice to hold on to his precious idea, instead of selling out and has, according to reports, raised $100,000, in angel investments.

ADVERTISEMENT

Daily Mirror reports that Rosenthal intends to sell the machines for $5,500 each, and keep the money for him self.

The reports reveal that Six Flags theme park in the United States has now placed an order for a 100 vending machines.

Speaking with CNN Money, Rosenthal says:

"We had to come up with a business idea.

"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. I wanted to solve that."

ADVERTISEMENT

The vending machine will reportedly offer a variety of products within the prepackaged first aid kits which would range from £4 to £11 in price.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

7 do's and don’ts of the Holy month of Ramadan

7 do's and don’ts of the Holy month of Ramadan

Top 5 sweetest celebrity mother-child relationships that stand out for us

Top 5 sweetest celebrity mother-child relationships that stand out for us

International Women's Day: 5 Nigerian female celebrities championing women’s rights

International Women's Day: 5 Nigerian female celebrities championing women’s rights

Top 5 female directors in Nollywood

Top 5 female directors in Nollywood

6 things that will break a Muslim's fast during Ramadan

6 things that will break a Muslim's fast during Ramadan

5 benefits of fasting during Ramadan

5 benefits of fasting during Ramadan

5 reasons Easter was more fun when we were children

5 reasons Easter was more fun when we were children

Dos and don’ts of supporting Muslims during Ramadan

Dos and don’ts of supporting Muslims during Ramadan

Here are common things people rarely dream about

Here are common things people rarely dream about

ADVERTISEMENT
ADVERTISEMENT