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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 1441488991 05-11-2016, 08:27 AM
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14-year-old turned down a $30M offer for his start-up

http://www.cnbc.com/2016/05/10/this-...&doc=103623047
Taylor Rosenthal can't even legally drive but has already turned down a $30 million offer to buy his start-up RecMed, CNN Money reported on Tuesday.

The 14-year-old exhibited his start-up, a vending machine that serves first-aid kits rather than snacks, at TechCrunch Disrupt NY this week.
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post 1441489161 05-11-2016, 08:28 AM
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damn. Something tells me he may ragret this.
post 1441489191 05-11-2016, 08:28 AM
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Kid is most definitely a miscer, already ceo'in 10k/day
post 1441489211 05-11-2016, 08:28 AM
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I'm sure this won't be the first time he lets his parents down .
In Hoots We Trust.
post 1441489541 05-11-2016, 08:31 AM
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Originally Posted By Pham96⏩
Kid is most definitely a miscer, already ceo'in0k/day
Fixed.
I break into old ladies' homes, steal biscuits from their tins and replace them with sewing materials for maximum grandkid confusion.
post 1441489581 05-11-2016, 08:31 AM
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You know maybe he was right but I doubt it, he should of taken the money.
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post 1441489701 05-11-2016, 08:32 AM
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should have taken something... and kept a retained ownership in his Co
<HTC>
post 1441489911 05-11-2016, 08:34 AM
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What an idiot.

Just take the 30m and retire at 14
post 1441489921 05-11-2016, 08:34 AM
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do not believe
post 1441489951 05-11-2016, 08:34 AM
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Good move. Just a startup and already being offered $30 million. You know somebody's gonna offer him way more in the near future.
Hoistin' heavy-ass s**t since 2006.
Hoist to get'em moist crew.
Raw hoister crew.
post 1441489971 05-11-2016, 08:34 AM
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The millionth person to think of this idea. Wtf
Originally Posted By MusicProducer⏩
Good move. Just a startup and already being offered $30 million. You know somebody's gonna offer you way more in the near future.
Not how it works buddy
Knicks are goat
post 1441490031 05-11-2016, 08:34 AM
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alpha as fuk cuzz
post 1441490081 05-11-2016, 08:35 AM
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Originally Posted By yondy12⏩
What an idiot.

Just take the 30m and retire at 14
Imagine how rich you could be by 30 if you had 30m by 14.
post 1441490191 05-11-2016, 08:36 AM
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this sounds like another one of those bs articles

who offered him the $30m, it doesn't even say

the company has only raised 100k so far, and is not even in production, and someone that they won't mention values it at $30m?

how often would you even need first aid in a vending machine format
post 1441490301 05-11-2016, 08:36 AM
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Did anyone read the article? Disney has ordered 100 of these already. The kid is going make bank.
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post 1441490651 05-11-2016, 08:38 AM
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u gotta be a beta for declining those 30 million.
post 1441490721 05-11-2016, 08:38 AM
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Originally Posted By WagerKing⏩
Not how it works buddy
Yeah, it usually is, buddy.
Hoistin' heavy-ass s**t since 2006.
Hoist to get'em moist crew.
Raw hoister crew.
post 1441490851 05-11-2016, 08:40 AM
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Originally Posted By Frank
damn. Something tells me he may ragret this.
No he wont.
post 1441490951 05-11-2016, 08:40 AM
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Originally Posted By MusicProducer⏩
Good move. Just a startup and already being offered $30 million.You know somebody's gonna offer him way more in the near future.
Have you ever taken a business/entrepreneur course?
post 1441491561 05-11-2016, 08:46 AM
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lmao @ not accepting 30 million.

even people who manage vending machines at a large scale covering a city that have food in them make no where close to that.

let alone it being a first aid kit compared to food for a dollar.
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post 1441491601 05-11-2016, 08:46 AM
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post 1441491641 05-11-2016, 08:46 AM
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A friend of mines bro created an app and sold it to a buyer for 10million, but also got a % of whatever the app made even if it wasn't his. The company who bought it also got bought out, so he basically sold his company twice. I think he made close to 20-25million off of it.
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post 1441492121 05-11-2016, 08:50 AM
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What a load of crap.

The idea or technology isn't new, nobody offered him $30 million.
post 1441492361 05-11-2016, 08:51 AM
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maybe like a comment was kinda pointing out, maybe everyone is all mixed up.

$30m = 30k
mm=mil

or not?
post 1441492471 05-11-2016, 08:52 AM
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Guys is there a vending machine for hats yet?
Originally Posted By 1MPGD⏩
maybe like a comment was kinda pointing out, maybe everyone is all mixed up.

$30m = 30k
mm=mil

or not?
notsureifsrs
post 1441492621 05-11-2016, 08:53 AM
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ima jack this idea... n sell it for 10 milli
post 1441492781 05-11-2016, 08:54 AM
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I would have sold it provided he doesn't have other investors interested. Competition with funds could wipe him out before it takes off.
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post 1441493011 05-11-2016, 08:55 AM
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Can't really say he's dumb because i've never made a startup worth 30mill or more in my life

who knows it may be worth more
post 1441493031 05-11-2016, 08:55 AM
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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 1441493351 05-11-2016, 08:57 AM
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lol no way. He would be legitimately retarded if so.
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