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Forum » 14-year-old turned down a $30M offer for his start-up
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Thread: 14-year-old turned down a $30M offer for his start-up

post 1441494061 05-11-2016, 09:01 AM
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post 1441494691 05-11-2016, 09:05 AM
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Originally Posted By Mrlooker⏩
wtf is stopping someone copying this idea

and how is this idea profitable
probably patented...

and if i had to take a guess at the revenue model places probably have to pay a monthly fee to keep it around.
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post 1441494881 05-11-2016, 09:06 AM
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1. Buy vending machine.
2. Put first aid kits in it.
3. ????
4. Profit $30MM?

How the hell if that worth 30MM? lol

We have vending machines at my work that has more than that it in. Tools, eye protection, etc.
post 1441495291 05-11-2016, 09:08 AM
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obviously this younger generation is full of retards
post 1441495481 05-11-2016, 09:09 AM
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I wonder if he holds the patent to this product or his parents. Not sure if theres a legal age where you can actually submit something for patent or not.

Maybe hes actually smart enough to understand what he wants for his future. Other ideas spawning from this or even the fact he may think he can make far more holding onto the patent for this product.
Originally Posted By cadetduke⏩
1. Buy vending machine.
2. Put first aid kits in it.
3. ????
4. Profit $30MM?

How the hell if that worth 30MM? lol

We have vending machines at my work that has more than that it in. Tools, eye protection, etc.
so hes gonna receive 30mm of what? or did that offer him 30 million million?
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post 1441496101 05-11-2016, 09:13 AM
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Originally Posted By Zerafian⏩
so hes gonna receive 30mm of what? or did that offer him 30 million million?
So you don't understand standard accounting abbreviations.
post 1441496131 05-11-2016, 09:13 AM
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No lawyer here. But even if it's patented does he have the money to enforce it? And what about similar but different enough products?
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post 1441496161 05-11-2016, 09:13 AM
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If true he is an idiot. Sell the idea for $30 million and have money for the next bigger idea.
post 1441496301 05-11-2016, 09:14 AM
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Originally Posted By Zerafian⏩
I wonder if he holds the patent to this product or his parents. Not sure if theres a legal age where you can actually submit something for patent or not.

Maybe hes actually smart enough to understand what he wants for his future. Other ideas spawning from this or even the fact he may think he can make far more holding onto the patent for this product.

Yeah exactly. usually patents are rather broad with their definitions so I would think he and his parents have a good idea where they want to go with this.

I'd have taken the 30mil because pre rev that's an insane buyout and I'd have great funds to start another idea.
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post 1441496411 05-11-2016, 09:15 AM
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What a real money maker! Can you imagine? Having one of these in the mall? How will they even keep the thing stocked?! First aid kits are a hot commodity, what a treat! I'd be the luckiest kid in the world if my mother bought me a first aid kit instead of a candy bar from the vending machine when I was younger.

Wtf. Garbage idea.
post 1441497151 05-11-2016, 09:20 AM
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post 1441497251 05-11-2016, 09:21 AM
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Originally Posted By scrapbrah⏩
What a real money maker! Can you imagine? Having one of these in the mall? How will they even keep the thing stocked?! First aid kits are a hot commodity, what a treat! I'd be the luckiest kid in the world if my mother bought me a first aid kit instead of a candy bar from the vending machine when I was younger.

Wtf. Garbage idea.
This to a lesser extent
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post 1441497511 05-11-2016, 09:22 AM
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Had a $30 mil idea at 14.

Brb having $30 mil liquid at 14

Brb don't even need to go to college, get a job

Lettuce be real brahs, when we were 14 we were even more retarded than this kid, at least he managed to invent a $30 mil idea.

He probably has 0 understanding of economics/business, and does expect to get an offer twice as large in the future, or he thinks that this valuation is less than how much his company can make, etc.
post 1441497841 05-11-2016, 09:25 AM
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Originally Posted By velvetmudhole⏩
If I was his parents he would need that bending machine to get a needle and thread to stitch up his face after I busted it


Also. Nice work capitalizing on someone on need of first aid.
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post 1441498721 05-11-2016, 09:29 AM
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It will be in every amusement park, city block, stadium, recreation center in the world. kid knows what hes doing. $30m will be a drop in the bucket in 5 years
post 1441499141 05-11-2016, 09:32 AM
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why are miscers calling him dumb?

He is a smart kid. 30 million is nothing

This vending machine has possibilities to be in every high school/university/hospitals/workplace/corner etc.

You have no fcking clue how big medicare business is, do you?

offcourse you don't
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post 1441499211 05-11-2016, 09:32 AM
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Real bad idea and therefore probably bullchit.

Vending machines are one of the most classic "get rich quick schemes" in existence. Every joe schmoe will be on this immediately, and there are zero barriers to entry as - because there's no money in selling via vending machines - there's a whole industry that hires out whatever vending machine you want at any level of technological advancement, to the joe schmoes who think they'll stop rotting via vending machine earnings.

Bad move. But bullchit, because lol @ the idea of someone offering anything for a vending machine business.
post 1441499421 05-11-2016, 09:34 AM
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Originally Posted By johsin28⏩
This vending machine has possibilities to be in every high school/university/hospitals/workplace/corner etc.
No it doesn't. Try and get a vending machine into any business and see how far you get.
post 1441500001 05-11-2016, 09:36 AM
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There's already such a thing. So he took an existing concept and put a touchscreen on it. He might be the next Steve Jobs.

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post 1441500231 05-11-2016, 09:38 AM
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The ultimate case of the parents doing the homework project for the kid
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post 1441500291 05-11-2016, 09:38 AM
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What a fukin idiot. The earlier you invest money, the more valuable it becomes down the road. Invest 29 million and live on 1 mil the next 10 years. There's no guarantee his company will ever be worth anything significant ever again.

I cringe just as hard when somebody declines millions to go play a sport because they want to be the first to finish college in their family. What if you get a crippling injury you fukin retard? Take the money when it's there, it may never be there again.
post 1441500441 05-11-2016, 09:39 AM
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Originally Posted By johsin28⏩
why are miscers calling him dumb?

He is a smart kid. 30 million is nothing

This vending machine has possibilities to be in every high school/university/hospitals/workplace/corner etc.

You have no fcking clue how big medicare business is, do you?

offcourse you don't
Why the ****k would anyone need a vending machine in those places when first aid is already there for free?
post 1441500901 05-11-2016, 09:41 AM
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Originally Posted By SaviorSix⏩
The ultimate case of the parents doing the homework project for the kid
you Bernie supporters are pathetic cucks. Have to always find a way to justify your inadequacies or failures when you are confronted with success.
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post 1441501031 05-11-2016, 09:42 AM
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Its one of those ideas that you think about, then think "Naww wouldnt make sense in the real world". Or can picture the SharkTank tv show guys ripping it apart.

Just shows that "dumb" ideas can work.
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post 1441501151 05-11-2016, 09:43 AM
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this kid is retarded to the tenth power
post 1441501591 05-11-2016, 09:45 AM
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Originally Posted By HateyouOP⏩
No it doesn't. Try and get a vending machine into any business and see how far you get.
try sending 14 yrs old CEO with vending machine. see how many people say no. It's not always about the money, may be he just want to be the CEO. It's great accomplishment and all basement dweller calling him idiot. just lol
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post 1441501621 05-11-2016, 09:45 AM
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Why even buy his idea?

I mean you can't patten that can you? A company could just use a different kind of vending machine and fill it worth similar crap
post 1441501781 05-11-2016, 09:46 AM
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I dont even see how this is a good idea, vending machine for first aid? How dispersed will they be? surely by the time you find one you could have just gone to walmart or cvs/walgreens or some chit. dumb fukin greedy ass kid could have retired
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post 1441502171 05-11-2016, 09:48 AM
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Originally Posted By badreligion⏩
I'm sure this won't be the first time he lets his parents down .
What do you mean? It's his parents company but it's "his".


He didnt build this chit up from a ghetto lemonade stand.
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post 1441502191 05-11-2016, 09:48 AM
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Lol if he mismanages this and lives a life full of regret in the rat race
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