For anyone looking for an update, the $30m offer was just a scam by some other person who created fake letters and fake press news, he has only earned $100k off of this and wants a $50m buyout
$30M is like 3x enough to be set for life. At $10m you can comfortably make $100K a year off returns without trying.. come on kid. You need more than that? 😬
Not only was the 30 million dollar offer fake but the companies twitter account has been inactive since 2016 so it didn't go well for the kid. So don't worry, you're alright lol
I’m 29 and I have many businesses that did well over 10 million each, I have 7 homes, a yacht, and over 80 exotic cars, it’s possible just believe in yourself, people underestimated me because of my skin color and background but Im now retired and enjoying my life in ................ GTA 5
Yup haven't seen one is damn right.This is about the time when a good idea is forever entrenched with idiots who don't know what direction to further the company and end up diluting the market with smart competition.
“It’s hard to balance it out with school and everything” Bruh if he took that offer he could’ve dropped outta school and never have to work and still be rich for life
As simple as his "invention" is, he coulda got away with that $30M and be on easy street, now some other company is gonna rethink his idea and profit from it in ways he could have never imagined.. he is going to regret this when he gets older and realizes he shitted on his golden ticket
Artisan Rebel I don't think another company can profit from his idea if he has a patent and the reason he might not have sold the company is that if he sold it he gets the 30 million dollars and live with that but if he continues down that part he can improve it and become even a billionaire
apparently the offer was just fake emails sent by a family friend to incite other companies to actually place real bids for the company, but that didn't work
@@nwordpenis4125 they didnt even get a real 30 mill offer all these news websites were fool this is what i found on the internet "As it turned out, Taylor Rosenthal was just one of many people to be taken in by Kyle Sandler, a scam artist who targeted Rosenthal’s hometown of Opelika, Alabama, a suburb of Auburn. According to an Associated Press investigation, Sandler started a business incubator called the Round House and encouraged various locals to invest, before spending much of the $1.9 million in investment funds on himself. It helped that while Sandler was in Opelika, he made friends with John McAfee, the founder of the namesake security firm, who had also moved to Opelika at the same time. This friendship made Sandler seem more credible. (If you’re wondering about the seemingly implausible coincidence of Sandler and McAfee just happening to run into each other in a small town in Alabama, apparently Opelika was Alabama’s “first ‘gig city’ with a high-speed fiber-optic network” and “provided an incentive of free internet service worth about $50,000.”) In any case, Sandler convinced Taylor Rosenthal and Rosenthal’s family to let him be their advisor on the RecMed idea. He then invented the offer from Six Flags and created a fake letter from Johnson and Johnson with the supposed $30 million buyout. He sent out fake press releases with this information, which inspired those articles above."
Keep on going, and the chances are that you will stumble on something, perhaps when you are least expecting it. I never heard of anyone ever stumbling on something sitting down
@@eduardomarquee551 Yeah Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯 guaranteed.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time
Honestly during the pandemic this kid could have taken this project to the next level. Just a little fund and boom, easy access to masks, gloves, and sanitizers.
@Dhikshith Gajulapalli he’s lowkey an idiot cuz if he could make ideas like that and get that much money what else ideas he can do with hella money to support it
Glad he refused it. He's got a long life ahead of him. With a brain and will like his it's only a matter of time before his life starts paying dividends. And he looks like he got solid resources too. Ideas are worth the world to their creators. Would've taken the easy 30m tho, so I ain't judging.. lmao.
@@SpenceTheFence March 25 2021, Still irrelevant company. So irrelevant that I hereby pass on my irrelevant award to CEO, Taylor Rosenthal. Yes I searched up his name
I don't get it, it just doesn't add up: 1. Any vending machine can be filled with first aid products (or anything) 2. You can't patent the idea of vending a certain product 3. Virtually ever configuration of a vending machine has already been patented (if his machine is even different) 4. None of it even hints at how someone arrived at a $30m valuation 5. He said 'No,' which if the offer ever existed, any parent would have instantly claimed on his behalf for the future. I call bullshit
its completely a lie. Sad CNN got tricked into it. Well not sad for CNN, its sad for anyone that will actually believe this story since CNN is basically backing its credibility.
What is obvious is that he's the poster child and the adults behind the scenes are the ones doing the work, and probably have most of the shares in the company.
To answer all of your questions about the comments. I think they turned them on a couple of hours ago. Taylor Rosenthal could be 18 by now so the comments would be allowed to be on now because of his age when he did this video 4 Years ago.
I wouldn't back down especially if I had the same idea and was in the same position. I would 100% not back out from that offer considering the idea is shit no point if you scrape your body then get up and go home and put on a plaster.
Back in May 2016, various news outlets ran stories about 14-year old entrepreneur Taylor Rosenthal. Rosenthal turned down a $30 million offer from “a major healthcare company” to buy his startup RecMed, a company that planned to make vending machines for first-aid equipment. Various news outlets, including CNBC, CNN Money, and Fox Business, wrote about this buyout offer and how Rosenthal also already had an order from Six Flags for 100 of the machines. I ran into one of these articles earlier today, and I wondered how the story turned out. Googling “RecMed” provided surprisingly little information, including not even a company website. This made me suspect that things had not gone quite as expected. As it turned out, Taylor Rosenthal was just one of many people to be taken in by Kyle Sandler, a scam artist who targeted Rosenthal’s hometown of Opelika, Alabama, a suburb of Auburn. According to an Associated Press investigation, Sandler started a business incubator called the Round House and encouraged various locals to invest, before spending much of the $1.9 million in investment funds on himself. It helped that while Sandler was in Opelika, he made friends with John McAfee, the founder of the namesake security firm, who had also moved to Opelika at the same time. This friendship made Sandler seem more credible. (If you’re wondering about the seemingly implausible coincidence of Sandler and McAfee just happening to run into each other in a small town in Alabama, apparently Opelika was Alabama’s “first ‘gig city’ with a high-speed fiber-optic network” and “provided an incentive of free internet service worth about $50,000.”) In any case, Sandler convinced Taylor Rosenthal and Rosenthal’s family to let him be their advisor on the RecMed idea. He then invented the offer from Six Flags and created a fake letter from Johnson and Johnson with the supposed $30 million buyout. He sent out fake press releases with this information, which inspired those articles above. I found this story interesting because it’s common for news outlets to run unusual stories to draw attention, and I’ve always wondered how those stories turn out. (I’m apparently not the only one, given that I recently ran into a Cracked article titled “5 Viral Stories That Had Insane Twists After We All Moved On.”) I think the story of Taylor Rosenthal and RecMed is a particularly dramatic example of how there’s often more to these stories than you get to see in the news, and thus your first impressions of them might not always be correct. Credit: Charles Hang Link: charbroil121.blogspot.com/2019/05/whatever-happened-to-recmed.html?m=1
Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯 guaranteed.
@skye niamh This makes so much sense, just like he said, for someone to invest, the person should be consider an appropriate choice of investment with limited risk level. I encourage anyone to do same with the help of an expert.
@@aldredpepper9084 Speaking of investing, forex trading is the best business in the world right now with the ever raising amount of bitcoin. I know a couple of friends who makes a lot of money weekly trading the financial market
@@emiliaamber8598 crypto trading is about the best investment with a life time guarantee at the moment that's doing incredibly well. Every sensible person should be able to take advantage of it and grow wealth
Shoulda sold it for 30 million. He's gonna regret it 20 years from now when he's microwaving a hungry man and watching price is right in his one bedroom apartment
Tbh I would just take the 30m. An amazing house, never have to work a day, have a comfortable lifestyle. Just give yourself a budget of $150,000 a year and you have the rest for buying a house, car etc, etc.
I did the math, if he spent 150,000 a year in 100 years he would still have 15 million, you wouldn't want to buy a big ass house because the bigger the house the more property tax you need to pay to the government
This kid could have taken the 30 mill. and invested at least 100k into real estate, unless their is a new law requiring amusement parks ownership over a child's well being, then then the most they'll offer is 2 million
So now a vending machine company can change some of their units to dispense first aid kids with a new logo and that sub business could be sold off for $30 million dollars? Something tells me, unless this kid manages to turn this into a full-on vending machine business, he is going to regret this decision for a very long time.
He made a massive business mistake. If he accepted thirty million dollars he and his children and most probably grandchildren would never have to work a single day in their lives. And from someone who lives in one of the largest cities in the United States, I haven't seen a single one of those machines.
I agree, but 30 million dollars probably won't last for that long, it would probably get used up before the grandchildren become teenagers... The idea isn't that good...
You did the math wrong. its roughly 680 years not days. And that is for one person. Divide for a family of four and they wouldn't have to work for 170 years. That is if their annual salary was 44k per year.
People called him stupid for turning down that offer but not only he didnt because he wanted to continue helping he saw the value and now its estimated 50 million
Just so you all know, this kid was being scammed by an investor who made up the 30m offer from Johnson and Johnson. This company was never really much. Kinda sad.
Market entrance and the creation of the vending machine. Entrance include the barrier to which you have to connect to other buyers, if he is able to get many customers quick, and make it hard for the rest to keep up. Besides he might have some patent on this.
Adrian Negreanu Nothing stops people by copying facebook. But that is not the problem, people are already on facebook, the hard thing is getting people to change it. If this kid already has buyers and gains the first mover advantage, he is safe. Of course i would have sold it for 30 mill
Austin Allen you’d probably think of something like baby baths for dinosaurs. So shut up and be quiet, you are just jealous that he probably makes more money than your life savings.
I've seen vending machines with band aids lol why is the vending machine so fancy, you could literally get a normal vending machine and put the stuff in it
No doubt what this kid has done was amazing but turning down 30mil is a bit too unbelievable for me. Being offered that kind of money during that time of business sounds kinda bs
So this guy could have used 400k a year for 75 years and never would have had to work a day in his life? Even if he could make more money in the long run by keeping the company, just the fact that he wouldn't have to work the rest of his life is enough.
He can turn this 30 mil into 100+ million by investing it in real estate for example and living of the interest for up to 100k per month forever not only for 75 years.
The idea of making millions of dollars and just sitting on your ass for the rest of your life does not appeal to everyone. There are multi-millionaires and billionaires all over the world who use their wealth for the betterment of the world, and are willing to work at it, irrespective of whether they make a profit or a loss. When you have that much wealth, you become aware of your responsibility towards others and not just yourself. This is not related much to the video but just sayin..
people are commenting about how horrible it was of him to turn down the offer, but it was later found out that offer was actually a scam from some con artist. glad the kid made the right choice
The child that knows its businesses inside and out cannot be deceived by any form of QUICK SCHEMES and GAINS. Honesty flourishes to individuals that are HONEST to their every day Errand.
As an emt who gets paid minimum wage and often does events like sports games, I have to quote south park in regards to this kid's machine, "They took er jobs!!!"
**URGENT UPDATE** March 4, 2019: He has been kicking himself in the mouth so much his bottom lip has reached his shoe. Meanwhile, every living being on this Earth has purchased a first-aid kit from Dollar Tree.
He was never offered 30 million dollars, his buisness associate forged documents from a buyout from Johnson and Johnson. I’m guessing he used all the capital raised on himself
Mmmm......this is interesting. The question from my perspective is 'why would I offer to buy out the company for 30M (or whatever number it really is)'. So, lets think. When I go to a park, or a mall, what do I want to buy? Not a first aid kit. Secondly, when I need a first aid kit, the last thing I will do is look for a vending machine that sells this sort of thing. I would call an employee of the mall and ask for a first aid kit. Maybe I am wrong.....but do people really think in this way? I understand the practical side and all that but I just do not see it working in the real world. Am I wrong?
@@4sknns No the point is,why make a whole new vending machine design, just get an existing vending machine, and instead of putting chips and snacks in the slots just but a box of band-aids
For anyone looking for an update, the $30m offer was just a scam by some other person who created fake letters and fake press news, he has only earned $100k off of this and wants a $50m buyout
yup👍🏽
Only 100k lol
Mr. Beast do you think 100k is a lot man
@@Foxis1080 100k for 30 million buyout cmon im 12 and I know thats ridiculous.
50 mil buyout lol
$30M is like 3x enough to be set for life. At $10m you can comfortably make $100K a year off returns without trying.. come on kid. You need more than that? 😬
Linkmon99 hi lol
Or he enjoys being a CEO and doesn’t want to sell out when there is so much potential
I usually spend that In a year , I understand why he didn't take that miserable amount
Maybe he can improve his company, thus making more money by selling it later on, and using that money for other projects
Its not all about money, its about doing what you love.
This kid is like 10 years younger than me and already making me look bad.
Don’t worry, the $30 million offer ended up being a lie.
Not only was the 30 million dollar offer fake but the companies twitter account has been inactive since 2016 so it didn't go well for the kid. So don't worry, you're alright lol
How? He's fuckin dumb
Me and him are the same age and he's making me look bad 😂
@@swervegod1897 the company didn't do well
This 14 year old boy - rejected a 30 million dollar buyout offer
Me at 15 - pushing doors that say pull
The offer was a scam
@@f.b.i.853 even if it’s not, he still achieved a lot
@@jaden2449 do you mean “even if it is”?
@@channelname9468 he achieved a lot by being a ceo
@@HomeRunChess what? I was asking but if he worded his statement wrong no idea what you’re on about.
I’m 29 and I have many businesses that did well over 10 million each, I have 7 homes, a yacht, and over 80 exotic cars, it’s possible just believe in yourself, people underestimated me because of my skin color and background but Im now retired and enjoying my life in ................ GTA 5
Selfmade DC goddam man, i was about to ask you for a job lmao
Lol
Got em
ThinkkOps who said you couldn’t. Maybe he can hire u to bring the supplies to Gerald or steal cars for Simeon
Almighty 1k why don’t you? Your bitch ass can’t take a joke
Still haven't seen one...
lol same
Yup haven't seen one is damn right.This is about the time when a good idea is forever entrenched with idiots who don't know what direction to further the company and end up diluting the market with smart competition.
I made this comment have 1000 likes :)
should have taken the offer hahahahaha
Tech By SnLiner ii
Imagine being so low down in life that you try to scam a 14-year-old who is still learning about business management for 30 million dollars
?
@@oltoz7003 the 30M dollar offer turned out to be a scam
not only try, but fail
how is it a scam? i dont get it my guy, can u pls explain it to me?
@@Kai-bx3ep because it ended up being a scam
“It’s hard to balance it out with school and everything”
Bruh if he took that offer he could’ve dropped outta school and never have to work and still be rich for life
It was fake 😭😭
Will Evensen how?
exactly, although the offer was a scam if it was actually real then i would have gone for it if i were to be him
@Kian Saliany I disagree
@Kian Saliany true, money is just as important and education in the long run
As simple as his "invention" is, he coulda got away with that $30M and be on easy street, now some other company is gonna rethink his idea and profit from it in ways he could have never imagined.. he is going to regret this when he gets older and realizes he shitted on his golden ticket
he'll prob get a 50 million offer soon and be like done.
Artisan Rebel mommy and daddy financed the whole thing
Artisan Rebel I don't think another company can profit from his idea if he has a patent and the reason he might not have sold the company is that if he sold it he gets the 30 million dollars and live with that but if he continues down that part he can improve it and become even a billionaire
Shat! The word is shat!
well he is 14, what did you expect?
When he's 30, he'll resent his parents for allowing him to turn down $30M.
apparently the offer was just fake emails sent by a family friend to incite other companies to actually place real bids for the company, but that didn't work
@@phix5534 wear did u find that?
RyVer Lure its a scam look at the end of the article universe.byu.edu/2019/02/26/startup-maestro-dupes-alabama-town-through-network-of-lies/
He already made 50 milliom.
@@andrewtrinh6706 bruh 😂
May 6th, 2019
Not a single one of these in sight, children with scraped knees die from infections.
Hahahaha
Hahaha
Señor Weeb lmao he should’ve taken the easy way out ngl
Because if he had let a company buy it they’d actually be able to get them out there lmao
@@nwordpenis4125 they didnt even get a real 30 mill offer all these news websites were fool this is what i found on the internet "As it turned out, Taylor Rosenthal was just one of many people to be taken in by Kyle Sandler, a scam artist who targeted Rosenthal’s hometown of Opelika, Alabama, a suburb of Auburn. According to an Associated Press investigation, Sandler started a business incubator called the Round House and encouraged various locals to invest, before spending much of the $1.9 million in investment funds on himself. It helped that while Sandler was in Opelika, he made friends with John McAfee, the founder of the namesake security firm, who had also moved to Opelika at the same time. This friendship made Sandler seem more credible. (If you’re wondering about the seemingly implausible coincidence of Sandler and McAfee just happening to run into each other in a small town in Alabama, apparently Opelika was Alabama’s “first ‘gig city’ with a high-speed fiber-optic network” and “provided an incentive of free internet service worth about $50,000.”)
In any case, Sandler convinced Taylor Rosenthal and Rosenthal’s family to let him be their advisor on the RecMed idea. He then invented the offer from Six Flags and created a fake letter from Johnson and Johnson with the supposed $30 million buyout. He sent out fake press releases with this information, which inspired those articles above."
The only place where success comes before work is in the dictionary
Keep on going, and the chances are that you will stumble on something, perhaps when you are least expecting it. I never heard of anyone ever stumbling on something sitting down
Some people dream of success while others wake up and work
@@eduardomarquee551 Yeah Success is dependent on the action or
steps you take to achieve it. Show me
a man who doesn't have an investment
and I will tell you how soon he'll go broke
Investment is building a safe haven for the
future: with the right choice of investment
that has at least 1% minimum risk and
with an Expert guidance, profit and interest
should be 💯 guaranteed.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
@@jessicaallen6874 Yeah! I agree with you
in few years when he goes to college he will cry that he didnt accept the offer..
+Kemp Dewulf In a few years he will have more than 30M$ ...
+[L]eon true, didnt think that trough! :)
he'll have enough money to buy a damn college lol. this kid is smart..kudos to him!!!!!
+C Barna87 no
the jakob sarotious of sience
January 25, 2019 : still haven’t seen this anywhere
Samee
XO FOREVERRR he should have sold out
Ya lol
XO FOREVERRR pretty sure he sold the company
XO FOREVERRR I think he gave up
May 6, 2019. What the hell is a RecMed?
So long we forgot it
JamesTheFox dang when u should’ve taken that buy out
September 19, 2020. What the hell is a RecMed?
Bankrupt read an article amazon killed it.
October 2nd, 2020. What the hell is a RecMed?
Kid: I rejected $30 mil
Parents: already researching orphanages
He sold it later for 50 mil
@@vilo4120 No he didn't. He wanted to but nobody's going to pay him that much. Stop spreading fake news
@@vilo4120 mоrоn
@@unknownaura fuck off
@@unknownaura moron
this kid looks like he studies 8 hours for a spelling test
also looks like a kid who makes millions
@@abickell6326 makes millions? Haven't seen a single recmed
nick thompson did u have a stroje
I’m stupid, but u live up to ur name sadly. You say he spends hours on a spelling test when you can’t even spell store
I’m stupid, but and u sub bot
This kid is lying he didnt think of it through baseball. He was playing Borderlands and saw the first aid machine.
GeneralNachos lmfao
LOL
You right
Xetz and you r
Tru tru
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time
Yeah! I agree with you Bambi j
If you want to be successful have the mindset of the rich spend less and invest more. Don't give up your dream.
Learn and get the knowledge first before investing
People wants to do what the 99%does but wants to get results that are fit for the 1% but it, doesn't work that way
But where are the more credible sources to learn about forex trading
Honestly during the pandemic this kid could have taken this project to the next level. Just a little fund and boom, easy access to masks, gloves, and sanitizers.
@Dhikshith Gajulapalli he’s lowkey an idiot cuz if he could make ideas like that and get that much money what else ideas he can do with hella money to support it
@Dhikshith Gajulapalli not mention regardless if he sold the company he would be straight for life if he played his cards right
@@sweeptime8225 the offer was a scam
April 20, 2018 - Still havent seen any of this. Probably shouldve went for the easy millions.
rip
Ken Mendoza Steve Jobs didn’t make big bucks overnight.
Thomas Alvarez but he did make money eventually. This kid hasn't
Tom Gibson Maybe he will, it’s only been two years, although I would have taken the money.
Glad he refused it. He's got a long life ahead of him. With a brain and will like his it's only a matter of time before his life starts paying dividends. And he looks like he got solid resources too. Ideas are worth the world to their creators. Would've taken the easy 30m tho, so I ain't judging.. lmao.
This the type of kid to remind the teacher that there's homework due
Fax
OMG I hate those kids
@@Handsomeboy13333 maybe do your homework
this the type of kid who's making more than you at 14
@@MsPuff-fb5me I do mine but my friends are suffering from those kind of kids.
Well, now he's a broke boy. That didn't turn out to well didn't it.
Explain how
@Советский Союз huh?
@Советский Союз the buyout was a scam by someone who kept sending letter and now the kid thinks he can get a 50 million buyout 😂😂😂
@@davidonwa3110 he didn't take the offer and he got scammed
@@Ryan-uv6ky how is that supposed to explain anything. Did he go bankrupt or something?
July 1, 2020, never even heard of that company, or seen it.
@@SpenceTheFence March 25 2021, Still irrelevant company. So irrelevant that I hereby pass on my irrelevant award to CEO, Taylor Rosenthal.
Yes I searched up his name
@@loyaltychange4123 I've learned about his company at least 4 times in school and I live nowhere near him.
I don't get it, it just doesn't add up: 1. Any vending machine can be filled with first aid products (or anything) 2. You can't patent the idea of vending a certain product 3. Virtually ever configuration of a vending machine has already been patented (if his machine is even different) 4. None of it even hints at how someone arrived at a $30m valuation 5. He said 'No,' which if the offer ever existed, any parent would have instantly claimed on his behalf for the future.
I call bullshit
6: you're just being a stupid dumbass
+Red Ryg How do you figure that? Great manners btw, you sound like a nice guy
its completely a lie. Sad CNN got tricked into it. Well not sad for CNN, its sad for anyone that will actually believe this story since CNN is basically backing its credibility.
The name is trademarked, similar to how people sell bottled water in slightly distinctly shaped bottles with fancy names for brand recognition.
A rare channel with 3,000,000 subs spotted in the wild!
What is obvious is that he's the poster child and the adults behind the scenes are the ones doing the work, and probably have most of the shares in the company.
+Mila shut up you racist, he's done more for America then you will ever do in your life!
wouldn't often be that much different with an adult though you just wouldn't call them a poster child
Judaism isn't a race...
It's not racist dumbass
true, there's no way he made that thing, he came up with putting a band aid in a vending machine, a crew has to be doing all the work
To answer all of your questions about the comments. I think they turned them on a couple of hours ago. Taylor Rosenthal could be 18 by now so the comments would be allowed to be on now because of his age when he did this video 4 Years ago.
I see comments from 4 years ago though.
But there is comments from years ago...
Oh, I get it, those comments are hidden until the comment section goes live. It makes sense.
This simple act is actually very thoughtful... Huh... 😮
I still can't wrap my head around why this kid needed more than $30M
Let me guess, Maybe because the offer was a scam???? I don't know though
@@dragonx3312 You're saying he both knew this offer was a scam and then decided it was worth more than what the scam offered?
this kid looks like he scrapes his knee and calls 911
Toaster omfg😂😂😂
XD
😂
😂👏 Top notch really cracked me up
🤣🤣🤣🤣😂😂😂😂
I'm 17 years old and I'm a CEO of an office in GTA.....
You want a high five for working at your daddies business kid?
If your 17 You probably did not even finish high school and def didn't go to post secondary education so def your parents company lol
Frig Off do you know what gta is?
Frig Off I own my dad's company so can I get a high five
@@frigoff2760 are you trolling or what? GTA is a game in Console and PC, and he is saying that he is an officer in the game and not the company.
He should have accepted the deal. I don’t think that a first aid kit company has much potential.
"Most adults don't take me seriously".
Not even 10 seconds later
*Laughter in the background"
he made a joke and he laughed too.
Moral of the story: Don’t trust a 14 year old to run a company.
I wouldn't back down especially if I had the same idea and was in the same position. I would 100% not back out from that offer considering the idea is shit no point if you scrape your body then get up and go home and put on a plaster.
You know he sold it for 50 mill lol
@@braydenmcneal6709 who ever bought it is retarded
ektnaim nah its because him and that person who offered knows how much the business is really worth
@@braydenmcneal6709 Proof? Because, from what I can tell the project was discontinued June 21, 2016
he has to be really confident if he thinks turning down 30 mil is not a good option
hes 14 he doesnt need 30 mil plus he could probably make more than 30 mil and then flip the company for more
30 mil lol, his kids and him would never have to work a day with that money haha
company is bankrupt
om puri there's nothing genius about this. Most people would just put first aid around a property than buy a machine to put in a given location.
There is no 30 mil offer. Its just a bs title to make the company sound impressive. Not even that good of an idea.
bruh chill... it’s his company. he can run it if he wants, he’s not obligated to sell it just because someone offers him $30 million...
No, it doesn’t matter now anyways. His company failed. The 30 mil buyout was a scam aswell, there were no good endings for him.
@@evancampbell1963 how did the company fail, and how was the buyout a scam?
@@sexyalien806 have u seen his product anywhere
@@sexyalien806 bc I haven’t
Back in May 2016, various news outlets ran stories about 14-year old entrepreneur Taylor Rosenthal. Rosenthal turned down a $30 million offer from “a major healthcare company” to buy his startup RecMed, a company that planned to make vending machines for first-aid equipment. Various news outlets, including CNBC, CNN Money, and Fox Business, wrote about this buyout offer and how Rosenthal also already had an order from Six Flags for 100 of the machines.
I ran into one of these articles earlier today, and I wondered how the story turned out. Googling “RecMed” provided surprisingly little information, including not even a company website. This made me suspect that things had not gone quite as expected.
As it turned out, Taylor Rosenthal was just one of many people to be taken in by Kyle Sandler, a scam artist who targeted Rosenthal’s hometown of Opelika, Alabama, a suburb of Auburn. According to an Associated Press investigation, Sandler started a business incubator called the Round House and encouraged various locals to invest, before spending much of the $1.9 million in investment funds on himself. It helped that while Sandler was in Opelika, he made friends with John McAfee, the founder of the namesake security firm, who had also moved to Opelika at the same time. This friendship made Sandler seem more credible. (If you’re wondering about the seemingly implausible coincidence of Sandler and McAfee just happening to run into each other in a small town in Alabama, apparently Opelika was Alabama’s “first ‘gig city’ with a high-speed fiber-optic network” and “provided an incentive of free internet service worth about $50,000.”)
In any case, Sandler convinced Taylor Rosenthal and Rosenthal’s family to let him be their advisor on the RecMed idea. He then invented the offer from Six Flags and created a fake letter from Johnson and Johnson with the supposed $30 million buyout. He sent out fake press releases with this information, which inspired those articles above.
I found this story interesting because it’s common for news outlets to run unusual stories to draw attention, and I’ve always wondered how those stories turn out. (I’m apparently not the only one, given that I recently ran into a Cracked article titled “5 Viral Stories That Had Insane Twists After We All Moved On.”) I think the story of Taylor Rosenthal and RecMed is a particularly dramatic example of how there’s often more to these stories than you get to see in the news, and thus your first impressions of them might not always be correct.
Credit: Charles Hang
Link: charbroil121.blogspot.com/2019/05/whatever-happened-to-recmed.html?m=1
tysm for this! I've been wondering this as well!
He was inspired by vending machines in Fortnite. He was in top two with only 12 hp, and won because he found a med kit in a vending machine
yes
Hahaha
sorry
@@MavvyChiew you looking real goofy out here replying to a year old comment stfu nigga
@@x011unknown I'm not black though. and I can reply to any comment I want.
Meanwhile in 2018, 14 year olds are crying over fortnite
I’m 13 so ha
The Only One and you’re a teenager.
No we dont :)
The Only One you’re 14 now so ha
Much older cry over it
Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯 guaranteed.
@skye niamh This makes so much sense, just like he said, for someone to invest, the person should be consider an appropriate choice of investment with limited risk level. I encourage anyone to do same with the help of an expert.
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@@aldredpepper9084 For anyone building for posterity I think crypto is the next gold but the problem is scammers are everywhere.
@@emiliaamber8598 At the crucial time, telling anyone about crypto currency trading isn't financial advice by all factors. It is life advice
@@emiliaamber8598 crypto trading is about the best investment with a life time guarantee at the moment that's doing incredibly well. Every sensible person should be able to take advantage of it and grow wealth
May 6th 2019, haven’t seen a single one, should’ve gone for 30 million
Spook he sold it for 50 million which is 20 million dollars more
Nice
@@nathanielwilson5068 no he never his company failed have it ever seen one of these?
The 30 million was a scam
@@sh_2426 he failed! I don’t know why but that makes me happy.
He was lying he was playing fortnite came across a vending machine Witt med kit in side
HTYPLAYZ Fortnite he holds medkits over scars
Nick Sings I dont or did see your "top comment" anywhere so noones copying your comment
LOL
Not funny....
it was in 2016?
Shoulda sold it for 30 million. He's gonna regret it 20 years from now when he's microwaving a hungry man and watching price is right in his one bedroom apartment
$30 mil... damn that's a whole lot. parents must be pissed. guess he sees a bright future $
It was a scam if you don't know.
Lol, he lost the bright futuere
It's May 6th, 2019 and I still havent seen one.
Lol
It's 2021 still haven't seen one especially with this covid mess
Tbh I would just take the 30m. An amazing house, never have to work a day, have a comfortable lifestyle. Just give yourself a budget of $150,000 a year and you have the rest for buying a house, car etc, etc.
I did the math, if he spent 150,000 a year in 100 years he would still have 15 million, you wouldn't want to buy a big ass house because the bigger the house the more property tax you need to pay to the government
kmon at least some kind of income from investments... make 150k per year to 300k?
JJ same
Guys wtf how do you spend 150K a year??? Both my parents don't spend even 25/30k
This kid could have taken the 30 mill. and invested at least 100k into real estate, unless their is a new law requiring amusement parks ownership over a child's well being, then then the most they'll offer is 2 million
back in my day 14 year olds were actually 14 not 10
Vanilla Splash I'm literally the only one in my class that has hit puberty and I'm 15
Vanilla Splash My friend is almost 15 and he still souns like a 7th or 6th gradr
I started growing facial hair and gotten a lot taller since I was 11, is that normal?
@@crispyboi8657 early puberty
Maui Beazley that's seriously not normal
So now a vending machine company can change some of their units to dispense first aid kids with a new logo and that sub business could be sold off for $30 million dollars? Something tells me, unless this kid manages to turn this into a full-on vending machine business, he is going to regret this decision for a very long time.
4 years later and the website isn’t up anymore. He probably regrets rejecting that 30 mil now
It was a fake offer anyway
There is never a hour line to get a bandaid
yeah lmao. dis nigga stupid
cool dood lol
cool dood yes there is sometimes dumbass
@@Bbaby_Rico what places have you been to where there has been an hour long line for a fuckint bandaid? Dumbass
R Randomizer legend123 how fucking long does it take to get a bandaid
“Imagine if your child falls over and scrapes his knee” just stand them back up and move on 😂😂
@calboy seseman its a scrape on the knee lmao, you dont really need medical care for it you literally only need a plaster
@calboy seseman k
what kinda mentality is that lol
Ya they don't need to be babied just put them back up and move on
@calboy seseman you lack a sense of humor
Update: September 2020 and i still haven’t seen them anywhere
Why for the hate he a kid, and doing great for his age.
Because he's a dumbass who stuck a bandage in a vending machine, gets offered 30 mil and turns it down and he thinks he's the shit because of it.
Because the whole thing is a scam and this video is old.
Cool concept, not very practical, going to regret not selling
Agreed. He could’ve invested and never worked a day in his life.
He's the kid genius who got offered 30million...
Devon Napierski Dude he can make just as much with something like this just you wait
dom consigy yea that was a pretty dumb decision on his part wish the best for him tho
He made a massive business mistake. If he accepted thirty million dollars he and his children and most probably grandchildren would never have to work a single day in their lives. And from someone who lives in one of the largest cities in the United States, I haven't seen a single one of those machines.
I agree, but 30 million dollars probably won't last for that long, it would probably get used up before the grandchildren become teenagers... The idea isn't that good...
You did the math wrong. its roughly 680 years not days. And that is for one person. Divide for a family of four and they wouldn't have to work for 170 years. That is if their annual salary was 44k per year.
Hallogamer12 3 you are dumb
CommonCents still wrong around half of that will go to uncle sam.
If you bought cheap food and go on bycicle instead of buying 13 ferraris and a mansion it could work
that kid definitely smoked some zaza before rejecting that 30 mil
September 9th 2020: Still haven’t seen one
Have yet to see one. -7/13/2017
Fuck Liberals same here
idiots shouldve sold lmao
I liked this comment because of your username.
dude ikr i didnt even know this was a thing
Fuck Liberals dlf
cnn: bringing you daily bs
Josh Potatoe you probably watch Fox News shut your mouth
People called him stupid for turning down that offer but not only he didnt because he wanted to continue helping he saw the value and now its estimated 50 million
Where is this information
Mate the biz isn’t real he hasn’t even updated the website for a year or two😂
Lol, it’s estimated around 100k
Just so you all know, this kid was being scammed by an investor who made up the 30m offer from Johnson and Johnson. This company was never really much. Kinda sad.
there's nothing unique about this, nothing stops another person from putting band-aids in a vending machine lol. hes going to get eaten alive
Market entrance and the creation of the vending machine. Entrance include the barrier to which you have to connect to other buyers, if he is able to get many customers quick, and make it hard for the rest to keep up. Besides he might have some patent on this.
Mo MO You can't patent a vending machine lol, anyone is allowed to own a vending machine and put whatever he likes in it
Adrian Negreanu
Not the vending machine per say, but intellectual property, regarding the design and works of it
Mo MO Yes but again, nothing stops a competitor oh adding emergency packs in vending machines like he does
Adrian Negreanu
Nothing stops people by copying facebook. But that is not the problem, people are already on facebook, the hard thing is getting people to change it. If this kid already has buyers and gains the first mover advantage, he is safe. Of course i would have sold it for 30 mill
Ok. Where's the rich dad who REALLY started the business?
Daddy Lights XD
Seriously lol. It's not even that smart of an idea.
100 like
Austin Allen trust me you be surprised how useful it is
Austin Allen you’d probably think of something like baby baths for dinosaurs. So shut up and be quiet, you are just jealous that he probably makes more money than your life savings.
Plot twist: his family created a fake offer to try to make other investors interested.
shhhhhh
This is what you call a genius.
miracle happens every day. God bless this young man and his future goals. Much success to you and those around you.
Good on him. I'm 14 and just got Vardy and Lukaku on FIFA. Didn't mean to embarrass the poor kid, but.
Daniel Gisborne lmfao
I've seen vending machines with band aids lol why is the vending machine so fancy, you could literally get a normal vending machine and put the stuff in it
its 2021 and still i have not seen one or heard of this company
It's May 8, 2019 and I still haven't seen one.
Why were you posting this at 3AM
@@grottosstuff Because I have nothing else to do with my life.
@Real nah
Second idea is a machine that gives you McDonald's hamburgers without going to McDonalds.
Sounds about murica
Bro that is the stupidest idea ever
Him: Rejects 30 mil offer....
Me: A dollar take it or leave it
That's exactly what i would have offered. Sounds to me like a worthless company.
This company was made off lies, fraud, forgery, and deceit
@@Christopher._M It's prolly a scam company lol
@@oltoz7003 it's prolly just a scam company
No doubt what this kid has done was amazing but turning down 30mil is a bit too unbelievable for me. Being offered that kind of money during that time of business sounds kinda bs
So this guy could have used 400k a year for 75 years and never would have had to work a day in his life? Even if he could make more money in the long run by keeping the company, just the fact that he wouldn't have to work the rest of his life is enough.
He can turn this 30 mil into 100+ million by investing it in real estate for example and living of the interest for up to 100k per month forever not only for 75 years.
The idea of making millions of dollars and just sitting on your ass for the rest of your life does not appeal to everyone. There are multi-millionaires and billionaires all over the world who use their wealth for the betterment of the world, and are willing to work at it, irrespective of whether they make a profit or a loss. When you have that much wealth, you become aware of your responsibility towards others and not just yourself. This is not related much to the video but just sayin..
Udiyaman Shukla that appeals to me :D
I don’t think you understand quite how unappealing the prospect of retirement on 400k at 14 sounds to someone in that position
@@udiyamanshukla3463 rich people dont have a responsibility for shit what are you talking about no one has responsibility to helpthe world
I hope there can be more 14 year olds like this in the future. Not a bunch of J-paulers who sing its everyday bro for their student talent show.
hi
what if there is a line to the vending machine
Kyuss Taylor its everyday bro... jk
I agree
agree
Its JD I think he meant that we need people that aren't idiotic enough to like Jake Paul and shit like that
people are commenting about how horrible it was of him to turn down the offer, but it was later found out that offer was actually a scam from some con artist. glad the kid made the right choice
The child that knows its businesses inside and out cannot be deceived by any form of QUICK SCHEMES and GAINS. Honesty flourishes to individuals that are HONEST to their every day Errand.
As an emt who gets paid minimum wage and often does events like sports games, I have to quote south park in regards to this kid's machine, "They took er jobs!!!"
haha
**URGENT UPDATE** March 4, 2019: He has been kicking himself in the mouth so much his bottom lip has reached his shoe. Meanwhile, every living being on this Earth has purchased a first-aid kit from Dollar Tree.
He seems very mature for being 14-years old
Seems normal to me
@@linettemcfaddensims7959 fr.
This kids second idea must be pure genius if he rejected A $30 MILLION DOLLAR BUYOUT OFFER
Hey I'm a CEO too ya know...
In gta online
James Bruce this made me laugh more than it should have!
Lmao
Bryan Peto pac standards came in clutch
im just an employee
I’m the ceo of dank boi inc.
In GTA online
go on shark tank they will tell you this wont work
Or he'll get offered to be put on QVC.. because we all know Lori is the Queen of that xD
He was never offered 30 million dollars, his buisness associate forged documents from a buyout from Johnson and Johnson. I’m guessing he used all the capital raised on himself
as a teen i keep thinking that theres no new ideas and good ideas left but this guy proved me wrong
Mmmm......this is interesting. The question from my perspective is 'why would I offer to buy out the company for 30M (or whatever number it really is)'. So, lets think. When I go to a park, or a mall, what do I want to buy? Not a first aid kit. Secondly, when I need a first aid kit, the last thing I will do is look for a vending machine that sells this sort of thing. I would call an employee of the mall and ask for a first aid kit. Maybe I am wrong.....but do people really think in this way? I understand the practical side and all that but I just do not see it working in the real world. Am I wrong?
14 makes a company
Me: 11 sits on floor and eats hash browns
Still sit on ground ? And eat hash browns
@@jayden2592 I don’t know why I laughed at this
I would sit on the ground and eat hash browns when I’m 30 hash browns are good
I just love young entrepreneurs that create something with a meaning🥰
Yeah, he failed
How?
I mean it’s just a vending machine with medical equipment, a normal vending machine can do that
My man’s reading right off the teleprompter like a robot
Wen i was 13 i was picking boogers
at 13?
at 13? you were that weird kid in class huh?
I still do.
Eg Ir I do
Why cant u put band aids in a regular vending machine instead of food
WOAH
You can but this one is special or something
in chicago they do this with handguns
food sells better?
@@4sknns No the point is,why make a whole new vending machine design, just get an existing vending machine, and instead of putting chips and snacks in the slots just but a box of band-aids
Dude that kids already in full business man mode with the sleeveless jacket 🤣
Kid should've taken the buy out offer, then re-invest that money into real estate
it was a scam
His parents must be fcking pissed off.
His company is going to flop.
Bennie Chen fucken hater !
you're probably a salty unsuccessful person whos jealous at other peoples luck
om puri his company failed to get the machine into places so it failed
ksm95 where the proof
Bennie Chen at least he had a company
He found a problem then he fixed it, job well done.
When a 14 year old has a bigger future than you.
Why would he reject 30 million, he'd be set for life and not have to worry about a thing.
IKR
Broo he could be a self made millionair with 14. Thats 30 million right now he could have had and reinvested in other things and he rejected it damn
tpsy he wouldn’t have paid taxes either cause he’s a fucking kid
tpsy I think I seen you before
1000 subs with no videos nope
1000 subs with no videos no he was asking for 50 million for it
It’s 2020 and I haven’t see- wait I don’t go outside
We have these in theme parks in Britain, they are free and called trained staff and first aid kits.