What started as just an idea for a entrepreneurship class has now expanded to a multimillion-dollar patented concept with an open door of opportunity for teenager Taylor Rosenthal.
Rosenthal, a 14-year-old entrepreneur from Opelika, Ala., is the creator and inventor of a first-aid vending machine for use at theme parks or stadiums.
Rosenthal currently serves as founder and C.E.O. of RecMed, and has already had to make some big decisions about the future of his company. Recently, Rosenthal turned down a $30 million offer to buy his idea.
“A large national healthcare company contacted us and said we feel the idea is worth this, would you like to sit down and talk? It’s his company. He declined because he wants to at least get it started and see how it goes,” said Rosenthal’s father, Terry.
The teenager’s business is making big moves, and Rosenthal expects his company to only continue to grow in value. He was granted the patent for the RecMed idea last week, and he’s continuing to develop RecMed at Opelika’s Round House, an incubator for start-up businesses.
Even without the prototype made, Rosenthal still has been receiving business offers, including a pending order from Six Flags for the first 100 units.