This 14-year-old turned down a $30M buyout offer

[Draz]

http://money.cnn.com/2016/05/10/technology/recmed-taylor-rosenthal-techcrunch-disrupt/index.html?iid=ob_homepage_tech_pool


Taylor Rosenthal is ready for the big leagues. The 14-year-old is exhibiting his startup idea -- a vending machine that dispenses first aid products -- at TechCrunch Disrupt this week in Brooklyn.
The first-time entrepreneur doesn't sound nervous. He's actually looking forward to the trip from his hometown of Opelika, Alabama.
Still, it's a big deal.
"They told me that I was the youngest person to ever get accepted to the event," said Rosenthal. "It felt awesome."
Rosenthal's startup RecMed, which he launched in 2015, has already been generating buzz. He's raised $100,000 in angel investments and has already rejected a $30 million offer to buy his idea.

:applause: Holy shit

[warriorfan]

martin shkreli jr :applause:

[bigkingsfan]

This kid received a patent for this first-aid machine. A company called him and said "We think your idea could be worth $30 million". No contract in writing was made. No $30 million dollars were ever put on the table.

[iamgine]

He'll just license his patent...

[Hawker]

Where's his invite to the White House? :lol

Deep South represent

[Long Duck Dong]

Where's his invite to the White House? :lol

Deep South represent

Not the right color

Not the right religion

Not a self perceived victim

He's not even a self loathing Jew

Obama don't want little shyts like him in his palace

[LootOP]

He wants to sell it for 50 and the 30 were never onthe table. Just a good marketing story and weak journalism.

[Raymone]

First aid products? Watch out Zuckerberg, the next game changer has arrived.

[nathanjizzle]

useless idea.

[JohnnySic]

How often do you need first aid products? :confusedshrug:

[Orlando Magic]

I just came up with the idea to create a vending machine for picture frames. You never know when you're going to print a picture and need it.

I also just thought about creating a vending machine that dispenses mulch and flowers. You never know when you're going to landscape.

Where's my $50 million!? BOOYAKASHA.



I'm not even reading this shit, but the idea that you could come up with the idea to put some random shit that you didn't invent (first aid supplies) inside of some other shit you didn't invent (vending machines) and have that be worth even someone taking the time to spit on you is ridiculous.

Did he invent a new vending machine? Did he invent new first aid products? Is this even real? The ****?

[Orlando Magic]

I just clicked the link. Is this real? If it is, and the kid turned down $30 million, his parents need to be shot in the ****ing head YESTERDAY.

[nathanjizzle]

someone should invent a vending machine for motorcycles.

[gigantes]

martin shkreli jr :applause:
assuming he goes on to become a huge narcissistic douchebag, then yes. :rockon:

[warriorfan]

assuming he goes on to become a huge narcissistic douchebag, then yes. :rockon:

He has early instincts to monetize dire necessities. I would say he is on the right path.

All you guys hating on the vending machine idea treating it like a joke... Vending machines are legit. Redbox? Redbox basically took the whole business plan of blockbuster and Hollywood video and condensed the entire thing from a store front with dozens of employees to a six foot tall vending machine. that efficiency...

[UK2K]

He has early instincts to monetize dire necessities. I would say he is on the right path.

All you guys hating on the vending machine idea treating it like a joke... Vending machines are legit. Redbox? Redbox basically took the whole business plan of blockbuster and Hollywood video and condensed the entire thing from a store front with dozens of employees to a six foot tall vending machine. that efficiency...

Vending machines are about to put millions of fast food workers out of a job...

It's not the vending machine, its the fact that he came up with an 'idea' to put medical supplies in a vending machine because... just because.

[gigantes]

He has early instincts to monetize dire necessities. I would say he is on the right path.

All you guys hating on the vending machine idea treating it like a joke... Vending machines are legit. Redbox? Redbox basically took the whole business plan of blockbuster and Hollywood video and condensed the entire thing from a store front with dozens of employees to a six foot tall vending machine. that efficiency...
i don't disagree.

but there's a big difference between a handy / helpful idea for profit and trying to gouge the public to the max.

that's why i don't see the shkreli comparison.


Vending machines are about to put millions of fast food workers out of a job...
dude, you probably wouldn't be very happy to see what vending machines are like in japan!

[warriorfan]

Vending machines are about to put millions of fast food workers out of a job...


Since when did you turn into a socialist?

[UK2K]

Since when did you turn into a socialist?

That's called capitalism.

Businesses cutting the fat by laying off millions in order to install less bitchy, less whiny, no excuse, always on time machines is called capitalism.

[Bay Area Baller]

We should formulate a lawsuit against said medical vending machine supply owner. Reason wouldn't take our 20 dollar bill, not enough quarters, overpriced supplies, needed urgent medical attention and the vending machine did not supply. ISh stays winning with this lawsuit.

[gigantes]

We should formulate a lawsuit against said medical vending machine supply owner. Reason wouldn't take our 20 dollar bill, not enough quarters, overpriced supplies, needed urgent medical attention and the vending machine did not supply. ISh stays winning with this lawsuit.
if you need to spend money on medical supplies, your needs are probably pretty urgent. that could arguably save people a lot of time, money, effort and damages spent on trips to the ER or trying to self medicate badly.

syrup of ipecac, anti-thrombosis meds, anti-venoms and clinical-grade antacids are examples of things that could save lives without necessarily being overpriced for the consumer.

in fact, this stuff could be conceivably be sold even more cheaply than at a drug store considering the low service costs.

[highwhey]

if you need to spend money on medical supplies, your needs are probably pretty urgent. that could arguably save people a lot of time, money, effort and damages spent on trips to the ER or trying to self medicate badly.

syrup of ipecac, anti-thrombosis meds, anti-venoms and clinical-grade antacids are examples of things that could save lives without necessarily being overpriced for the consumer.

in fact, this stuff could be conceivably be sold even more cheaply than at a drug store considering the low service costs.
What about the prescriptions required for these meds? The RX business is a billion dollar market, I doubt new legislation will be made to allow for this - pharma reps would lobby the sh1t out of this.

[Draz]

What about the prescriptions required for these meds? The RX business is a billion dollar market, I doubt new legislation will be made to allow for this - pharma reps would lobby the sh1t out of this.
I think it's just going to be general first aid.. Nothing like prescription

[gigantes]

What about the prescriptions required for these meds? The RX business is a billion dollar market, I doubt new legislation will be made to allow for this - pharma reps would lobby the sh1t out of this.
i'm pretty sure you can buy iterations of 1,2 and 4 without prescriptions... maybe 3 depending on state.

plus, keep in mind those are just examples off the top of my head. there are probably a whole bunch of non-prescription stuff that can help lives in need. something as simple as pacemaker batteries and saline solution, for example.

so... no, i don't see big pharma necessarily being involved in this. it would be more like the drug store lobby objecting, i think.

[highwhey]

i'm pretty sure you can buy iterations of 1,2 and 4 without prescriptions... maybe 3 depending on state.

plus, keep in mind those are just examples off the top of my head. there are probably a whole bunch of non-prescription stuff that can help lives in need. something as simple as pacemaker batteries and saline solution, for example.

so... no, i don't see big pharma necessarily being involved in this. it would be more like the drug store lobby objecting, i think.
I wonder if syringes will be readily available. A lot of pharmacies have a policy to only sell syringes to those with an insulin prescription in order to keep drug users away. Kind of a silly policy tho - fewer diseases would be transmitted if syringes were sold to heroin users.

[Draz]

I wonder if syringes will be readily available. A lot of pharmacies have a policy to only sell syringes to those with an insulin prescription in order to keep drug users away. Kind of a silly policy tho - fewer diseases would be transmitted if syringes were sold to heroin users.
Definitely not.. I doubt it. That's asking for problems lol

[highwhey]

I'm sure ER's would appreciate a reduction in patients that truly didn't need to visit the ER. So this would be one step below urgent care clinics - they themselves are one below a visit to an actual ER.

Could be a game changer.

[highwhey]

Definitely not.. I doubt it. That's asking for problems lol
If I'm a shareholder, my potential for profit would sway me towards having syringes available.

[Blue&Orange]

Vending machines are about to put millions of fast food workers out of a job...

It's not the vending machine, its the fact that he came up with an 'idea' to put medical supplies in a vending machine because... just because.

Since when did you turn into a socialist?


That's called capitalism.

Businesses cutting the fat by laying off millions in order to install less bitchy, less whiny, no excuse, always on time machines is called capitalism.


http://i0.wp.com/bulletin.equinoxpub.com/wp-content/uploads/2016/05/Jesus-facepalm.jpg

[gigantes]

I'm sure ER's would appreciate a reduction in patients that truly didn't need to visit the ER. So this would be one step below urgent care clinics - they themselves are one below a visit to an actual ER.

Could be a game changer.
considering that half of all bankruptcies in the states are due to medical debt, this could also save patients a whole bunch of money.

a lot of easily treatable things can turn in to big hospital costs if not treated quickly. for people who just had a stroke, for example, something like this could definitely be a game-changer. every minute is critical in those cases.

yeah, this could be a really interesting investment opportunity. hopefully ISHiots will keep busting on it so it will stay as low-profile as possible. :lol

[poido123]

My Mrs. has an idea worth a lot of money to businesses and we suspect that it could be worth a lot.


The problem is, that I can't fund the cost of the legality behind patenting it and I have been told that it will cost north of 20,000 to get the idea fully protected.


Then you have the risk of the idea not taking off and wasting that money.

[highwhey]

My Mrs. has an idea worth a lot of money to businesses and we suspect that it could be worth a lot.


The problem is, that I can't fund the cost of the legality behind patenting it and I have been told that it will cost north of 20,000 to get the idea fully protected.


Then you have the risk of the idea not taking off and wasting that money.
When you say businesses, I hope you don't mean terrorist organizations.

[jstern]

I saw the video of this kid being interviewed. He kind of came off as being extremely naive and innocent, and I didn't get any vibe of him being bright and innovative. I don't see a good future for him.

[highwhey]

I saw the video of this kid being interviewed. He kind of came off as being extremely naive and innocent, and I didn't get any vibe of him being bright and innovative. I don't see a good future for him.
Idiots come up with good ideas too...

[Draz]

Dam, yall just gonna get my thread deleted
Just like that fam?

[highwhey]

Dam, yall just gonna get my thread deleted
Just like that fam?
You a boss b1tch

[thefatmiral]

America is a great place. Where creative geniuses are rewarded while the rest of us have to slave at jobs we don't even enjoy

[BigBoss]

He's corrected his trajectory for getting ***** in life. Get it lil man.

[TheImmortal]

A bandaid/first aid vending machine already exists...

http://www.schnitzelbahn.com/homepage/2011/5/27/german-vending-machines.html

http://i63.tinypic.com/dg07fd.jpg


SMH at these clowns :facepalm :facepalm :facepalm :facepalm

[gigantes]

A bandaid/first aid vending machine already exists...

http://www.schnitzelbahn.com/homepage/2011/5/27/german-vending-machines.html

http://i63.tinypic.com/dg07fd.jpg


SMH at these clowns :facepalm :facepalm :facepalm :facepalm
okay, but what happened when germany tried to export the concept?


"bitte, mein investerenmentenfolfenhausen-- is the problem the huge f-cking creepy face, or the fact that all the 'medical products' look like stale bags of potato chips or the worst chocolate bars ever?"

[Cactus-Sack]

Taylor Rosenthal is ready for the big leagues. The 14-year-old is exhibiting his startup idea -- a vending machine that dispenses first aid products -- at TechCrunch Disrupt this week in Brooklyn.
The first-time entrepreneur doesn't sound nervous. He's actually looking forward to the trip from his hometown of Opelika, Alabama.
Still, it's a big deal.
"They told me that I was the youngest person to ever get accepted to the event," said Rosenthal. "It felt awesome."
Rosenthal's startup RecMed, which he launched in 2015, has already been generating buzz. He's raised $100,000 in angel investments and has already rejected a $30 million offer to buy his idea.

Every...

Fvcking...

Time............