Taylor Rosenthal became an entrepreneur at the young age of 14 with his idea of a vending machine that dispenses first aid kit supplies, now known as RecMed. Rosenthal’s idea was generated during an eighth grade Young Entrepreneurship Academy class, for which he was working on generating an idea for a class project. As if becoming an entrepreneur at such a young age wasn’t enough, Rosenthal was also the youngest person ever to be invited to attend TechCrunch Disrupt and to be a CEO at Round House. The RecMed vending machines are meant to be located at sporting events, amusement parks, and any other location where first aid would likely be needed. Rosenthal received an order for one hundred of his RecMed vending Machines from Six Flags. Rosenthal’s machines are to be sold at a price of about $5,500, with additional available profit from restocking his machines. Taylor Rosenthal is very innovative because he was able to take something that has been around for a long time, a vending machine, and utilize it in order to fill a need that he saw, the need for easily accessible first aid supplies at sporting events and amusement parks. To top off the incredible achievements of Rosenthal, he also was the recipient of a $30,000,000 offer in exchange for his business. However, Rosenthal turned this offer down because he believes that he can improve his product and sell it for more than $50,000,000 before graduating.
Wow this is really impressive! It is a fairly simple idea which is based off a pretty obvious need, but it is really cool! I love it how he just designed this idea for a project in middle school and ended up making millions of dollars off of it- it shows how entrepreneurial ideas can come to you at any time and how you don’t have to already be an “entrepreneur” in order to have great business ideas.