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Friday 13 May 2016

14 year old schoolboy rejects $30m offer for his unique vending machine idea

A 14-year-old school boy has come up with a multi-million dollar idea - to create vending machines that dispense first aid kits. Taylor Rosenthal, from Opelika, Alabama, then rejected a $30m offer from a 'large national healthcare company' in favour of holding on to his idea himself.

He has already raised $100,000 in angel investments and intends to make money by selling the machines for $5,500 each, Daily Mirror reports. Six Flags theme park in the US has already put in an order for 100 vending machines. Taylor told CNN Money : "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." Customers are offered a variety of products in the vending machine from prepackaged first aid kids ranging from £4 to £11 in price.

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