RecMed Review – What You Should Know

RecMed’s 14 Year Old CEO Turns Down Buyout Offer for First Aid Vending Machine Company

RecMed vending machines are vending machines that dispense first aid equipment. The company was founded by a 14 year old CEO who just rejected a $30 million buyout offer. Here’s our RecMed First Aid Kits review.

What Are RecMed Vending Machines?

RecMed is a vending machine company that wants to bring first aid equipment to places that need it most. The first aid kit vending machines are built to be used at sporting events, national parks, theme parks, and anywhere else accidents can happen.

The idea is that instead of being forced to carry around first aid equipment all the time, you’ll be able to buy first aid equipment whenever – and wherever – you need it at a nearby RecMed machine.

The founder of the company got the idea for RecMed after seeing parents look for first aid equipment – like Band-Aids – at baseball tournaments. RecMed plans to launch its vending machines this fall at high-traffic locations around the world – including amusement parks, sporting events, and stadiums.

The Story Behind RecMed First Aid

The story behind RecMed is as good as the product. The company and idea were launched by entrepreneur Taylor Rosenthal. His idea was accepted into TechCrunch Disrupt this past week. He’s already raised $100,000 in angel investments and he turned down a $30 million buyout offer.

Oh, and Taylor is only 14 years old.

The Opelika, Alabama native recently showcased his product in Brooklyn at TechCrunch Disrupt, where he became the youngest person ever to be accepted into the event.

Taylor launched the company in 2015 as an eighth grade project, when he was one of 19 students in a Yong Entrepreneurs Academy class.

The class was tasked with coming up with a business idea. It didn’t take long for Taylor to come up with RecMed. Taylor isn’t just a straight A student: he’s also a first baseman and pitcher for his high school baseball team.

“Every time I'd travel for a baseball tournament in Alabama, I'd notice that kids would get hurt and parents couldn't find a band-aid,” Taylor revealed in an interview with CNN Money. “I wanted to solve that.”

Initially, he came up with the idea to launch a pop-up shop at baseball tournaments. However, he soon realized that it wasn’t the best business model: it would be tough to break even after paying people minimum wage to sit around a tournament for six hours.

That’s when he came up with the vending machine idea. Soon after, Taylor created a design and consulted with his parents, both of whom work in the medical industry.

“Imagine you’re at an amusement park and your child falls and scrapes their knee. Well instead of having to wait in that long EMT line for an hour, wasting possible fun time, you can walk up to our machine and get quick and easy access”, he explains.

By December 2015, Taylor had a working prototype and had acquired a patent. As for the design, Taylor chose to use his high school’s colors of black, red, and white.

How Does the RecMed Vending Machine Work?

RecMed users pick from two options.

The first option is a prepackaged first aid kit that deals with problems like sunburns, cuts, blisters, and bee stings. These options are priced between $5.99 and $15.95.

The second option is to buy specialized individual items, including Band-Aids, rubber gloves, hydrocortisone wipes, and gauze pads, which range in price from $6 to $20.

It’s all controlled via a touchscreen interface designed to give you your first aid supplies as quickly as possible. Users tap the screen, select their required first aid equipment, and then pay using a credit card or cash.

RecMed Will Launch this Fall

RecMed already has an order from Six Flags for 100 machines. The company is hoping to debut its machines this fall.

Taylor also claims that he has talked to several other companies about selling the vending machines.

Each machine costs $5,500 apiece. The company will also make money through restocking fees to keep the machines filled with inventory.

Rosenthal is also considering putting advertisements on the machines to make them more profitable.

The RecMed machines will first launch in high-traffic areas for kids – including amusement parks, beaches, and stadiums.

As for Taylor, he claims he has another idea already in the works: he just can’t talk about it yet. I’m sure you’ll be hearing more from him in the near future.