From May 9 to May 11, Brooklyn hosted its annual TechCrunch Disrupt, an event that showcases exceptional startups and technological breakthroughs.
Among the incredibly innovative guests invited this year was a 14-year-old boy from a small town in Alabama named Taylor Rosenthal.
In fact, Rosenthal is the youngest entrepreneur to ever attend the event, but that's not the only thing that has people talking, according to CNN Money.
His startup is called RecMed, a vending machine that sells first aid kits of varying prices and models.
The machines are intended for areas with high-volumes of children, presumably where they'll be outdoors and active, like sports fields and stadiums.
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Amusement parks and popular tourist attractions are also an intended market--Six Flags has already placed an order for 100 machines.
Given that each of Rosenthal's machines go for $5,500 a piece, that's a solid $550,000 deal (plus the constant cost of restocking the machines and any additional advertising deals on the machines that Rosenthal decides to make).
With this small deal as an example of how much success is potentially in store for the young entrepreneur, it's no surprise that he's denied a $30M offer for the rights to his idea.
Now that's dedication to your product.
RecMed began as a project in a Young Entrepreneurs Academy class, which snowballed in to a legitimate business plan and acquisition of a patent for Rosenthal.