Taylor Rosenthal is a budding Bill Gates. The 14-year-old’s start-up company is so hot, he’s already turned down a $44 million takeover offer.
The high-school student from Alabama is the creator of RecMed, a vending machine that dispenses first aid products.
The company, which he launched in 2014, started as a year eight project when the straight-A student was taking part in a Young Entrepreneurs Academy class.
“We had to come up with a business idea,” he said.
“Every time I’d travel for a baseball tournament in Alabama, I’d notice that kids would get hurt and parents couldn’t find a band-aid. I wanted to solve that.”
The idea evolved into a vending machine.
Customers can either purchase pre-packaged first-aid kits for between $US5.99 (NZ$8.70) and $US15.95 (NZ$24.80), or individual supplies like bandaids, rubber gloves and hydrocortisone wipes, ranging from $US6 (NZ$8.70) to $US20 (NZ$29).