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Home» News»Sorry, it’s not for sale, says teenager to $30 mn bidder

Sorry, it’s not for sale, says teenager to $30 mn bidder

Saheli 16 May 2016 News Comments Off on Sorry, it’s not for sale, says teenager to $30 mn bidder 1 Views

Taylor Rosenthal. Photo: Special Arrangement

A precocious 14-year–old schoolboy from the U.S. state of Alabama became down a $ 30 million buyoutprovide from a national healthcare organization for his invention — merchandising machines that dispense first resource kits.

Taylor Rosenthal came up with the concept of making merchandising machines that dispense pre-packaged first useful resource kits to cope with cuts, blisters and solar burns after looking his friends fall over at baseball video games.

“each time I’d tour for a baseball match in Alabama, I’d notice that kids would get hurt and parentscouldn’t find a band useful resource. I desired to solve that,” Rosenthal told U.S. television. Theteenager, who launched his start-up RecMed ultimate year, became made a $ 30 million (Rs. 200 crore)offer by a “huge country wide healthcare organisation”, however he declined to simply accept it.

Angel investments
He has already raised $100,000 in angel investments and his machines could pass for $five,500 each.they’ll sell first aid kits and substances like plasters, rubber gloves and gauze pads for $four to $11. Rosenthal said he changed into open to advertising and marketing on the machines and hopes to deliverthem to entertainment parks, seashores and stadiums.

Six Flags theme park inside the U.S. has already installed an order for 100 machines. to start with theyoungster pitched the idea of first resource pop-u.s.a.for a college task. some months later, the youngerCEO had his own patent.

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