Young Inventors Are The Future Of World Patent Marketing
The nightly news may be full of stories about how there is no opportunity in America, but apparently at least one smart young kid missed that story. He had a good idea and he ran with it. The 14 year old inventor has been offered $30 million for his start up, RecMed First Aid, and he turned it down because he believes his company is worth at least $50 million.
“This is the kind of story all of us at World Patent Marketing love to hear,” said Scott Cooper, CEO and Creative Director of World Patent Marketing. “This kid had a great idea and he ran with it. He’s creative, he’s smart, and he’s ambitious. Ordinary people come up with great ideas every day, but so much of the time they fail to act on them. If everyone simply took their good ideas and pursued them, imagine what this country would look like! It’s entrepreneurs who make things happen!”
“I love this kid,” said Jerry Shapiro, Director of Manufacturing for World Patent Marketing. “Imagine taking an every day experience, like needing a band-aid, and turning it into a $30 million dollar business. That’s the genius of the free enterprise system.”
Inventor Offered Millions, Believes His Company is Worth More
The young inventor offered millions is Taylor Rosenthal, a 14 year old who is in ninth grade in Opelika, Alabama. He told reporters that he is a sports enthusiast, who has played T-Ball and Little League since he was five years old. Along the way, he noticed that whenever a child got hurt on the field, there were never any band-aids or first aid materials on hand. He noticed the same thing in amusement parks. And then it occurred to him, why not have a vending machine for first aid?
He got busy with his plans and did the most important first step, he patented his idea. That’s when he was faced with a barrage of investors wanting a piece of the action.
Rosenthal quickly procured a contract from Six Flags, to “test drive” 100 of his vending machines in their amusement parks. Other parks, community facilities, sports facilities, shopping malls and other places with lots of foot traffic are sure to follow suit.
Of course, in this process Rosenthal received a bombshell. He was offered $30 million for his company. And he turned them down. He believes his idea is worth $50 million, and he is going to hold out for it. And he has more ideas in the works, that he can’t reveal just yet.
What could your invention idea be worth?