This 14-Year-Old Turned Down A $30M Buyout Offer

5

Parija Kavilanz reports for CNNTech:

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.

RecMed started as an eighth-grade project when Rosenthal was one of 19 students in a Young Entrepreneurs Academy class.

“We had to come up with a business idea,” he said. The straight-A student, who’s a first baseman and pitcher for his high school baseball team, had one immediately. Read more at CNNTech.

{Matzav.com}

5 COMMENTS

  1. Not very smart in a business sense. If he really had a 30 million dollar offer, he should of taken it. He would be set for life and he could of hit the golf course already. What a fool. Typical liberal do gooder

  2. A 14 year old in the usa can hardly be legally allowed to accept or reject 30m on his own, even if he is emancipated (in states which allow it at 14), and I have my doubt that any judge, guardian or whatnot would have agreed to rejecting the offer. Having 30m liquidity means that one can do a huge lot of things – including stocks from the buyer company! and if he has more ideas, he won’t need investors if he is set out of doing things on his own; else, he can enjoy life with the awareness that a couple of generations are already free of the need to work.

    My thought is that he has a nice startup and an angel investor, but the buyout offers, if any, are not even a single million.

    Why spoil a very nice story with details that are not only false but also irrealistic?

  3. A 14 year old in the usa can hardly be legally allowed to accept or reject 30m on his own, even if he is emancipated (in states which allow it at 14), and I have my doubt that any judge, guardian or whatnot would have agreed to rejecting the offer. Having 30m liquidity means that one can do a huge lot of things – including stocks from the buyer company! and if he has more ideas, he won’t need investors if he is set out of doing things on his own; else, he can enjoy life with the awareness that a couple of generations are already free of the need to work.

    My thought is that he has a nice startup and an angel investor, but the buyout offers, if any, are not even a single million.

    Why spoil a very nice story with details that are not only false but also unrealistic?

LEAVE A REPLY