The 14 year old who turned down $30M now wants $50M for his start-up

Remember that 14-year-old entrepreneur who made headlines for turning down a $30 million buyout opportunity? Well, he has a magic number for selling his vending machine company, RecMed, and it's a cool $50 million.

Taylor Rosenthal, a ninth grader from Opelika, Alabama, launched RecMed last year. While the company has a patent for computerized vending machines that dispense first-aid products, it has not sold any machines yet. He is in talks to sell the machines to "major amusement parks" and is hoping to expand into sporting venues as well.

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