Startup 14-year-old teen made a splash at a conference in Brooklyn
14-year-old Taylor Rosenthal was one of the discoveries of the prestigious TechCrunch portal this week, which talks about start-ups and online products.
Rosenthal from Opelika, Alabama, created a machine for selling first aid items. According to Taylor, the idea was born to him, because the injured children, parents can not always find a plaster or some other means of prime necessity.
A startup called RecMed was launched in 2015, and the student has already managed to attract 100 thousand dollars of investment. At the same time, Rosenthal reportedly refused to sell his startup for $ 30 million.
“I was told that I was the youngest inventor ever invited to such a conference. It’s great,” Rosenthal says.
The boy was one of the 19 students of the School of Young Entrepreneurs, when they were asked to come up with a business idea. The student of the 8 class, the round high school student and one of the leaders of the school baseball team approached the solution of the issue creatively.
According to him, vending machines with items for first aid should, among other things, be located on sports arenas, where children and youth teams play.
Rosenthal's now-patented machine sells bandages, rubber gloves, hydrocortisone wipes, and gauze packs ($6 to $20), as well as kits for treating sunburns, cuts, blisters, and bee stings ($6-$16). from $XNUMX to $XNUMX).
The machine is decorated in the red, black and white colors of the school where Taylor Rosenthal studies. According to the teenager, his products could appear in “places where there are large concentrations of children,” such as amusement parks and beaches, as early as this fall.
Currently, RecMed has received an order for the production of 100 machines from the American amusement park chain Six Flags. The cost of one machine is $5500. Rosenthal will also receive a percentage of products sold through the machine.
Kyle Sandler, the founder of the business incubator for start-up entrepreneurs at the Round House in Opelika, is confident in the bright future of the young inventor.
“Taylor spends every minute he doesn't have at school working on RecMed. On Christmas Eve we just had to throw him out the door. He’s so focused on the project,” Sandler says.
Round House provided Rosenthal with his office and consultancy assistance in exchange for a stake in 20% in his business.
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