How is this idea worth $30 million?

[TwiceOver]

It's not. The family is lying about the $30M in hopes someone will pay the $50M before they sell to someone else.

 

[stlc8tr]

I can't knock the game. Look at what candy crush got paid. Almost 6 billion. BILLION.

Activision probably overpaid by a bit but didn't King Digital have ~$2B in revenue and ~$500M in profits in 2015?

 

[GagHalfrunt]

You know, in my entire life, I can't remember a single instance where I needed a band-aid and couldn't get one without a vending machine. Has anyone here ever been at a theme park or baseball game or airport terminal and thought "Wow!! I need a band-aid and don't have one, time to leave!!!"? You're not selling epi-pens, snake bite antidote and defibrillators, it's freaking band-aids and gauze. In 99% of situations that require a band-aid you can temporarily substitute a napkin from the snack bar.

 

[dainthomas]

You know, in my entire life, I can't remember a single instance where I needed a band-aid and couldn't get one without a vending machine. Has anyone here ever been at a theme park or baseball game or airport terminal and thought "Wow!! I need a band-aid and don't have one, time to leave!!!"? You're not selling epi-pens, snake bite antidote and defibrillators, it's freaking band-aids and gauze. In 99% of situations that require a band-aid you can temporarily substitute a napkin from the snack bar.

Half the population is stupider than the average person.

 

[GagHalfrunt]

Half the population is stupider than the average person.

Yes, but if by some mathematical quirk 75% of the population was stupider than the average person I have to believe that 92% of the population would be able to cope without a band-aid for a couple of hours. Band-aids are not used to control major bleeding, you can stay at the park and go on the roller-coaster with a skinned knee.

 

[Imp]

...if someone actually needs a bandage immediately and they need it from a machine, isn't the machine a giant plague bearer?

 

[WaTaGuMp]

Lets settle it for good, get them on Shark Tank.

 

[Nashemon]

Can't wait for Mark Cuban to rip this kid apart. $50M valuation. Hahahahahahahaha

 

[JSt0rm]

sounds like the kid is rich already. 100k already raised? What 14 year old could get that done for their "idea"

 

[Ns1]

Can't wait for Mark Cuban to rip this kid apart. $50M valuation. Hahahahahahahaha

Mr Wonderful would have some choice words

 

[Jeff7]

...if someone actually needs a bandage immediately and they need it from a machine, isn't the machine a giant plague bearer?

Antibiotics and gangrene treatment could also be available. That's called "repeat business."

 

[1sikbITCH]

Wait, wait... you can put things other than candy and soft drinks in vending machines! OMFGBBQ, MIND BLOWN.


Reminds me of a coworker who was "bragging" about how her boyfriend had a $1 million internet company years ago... Problem is that the guy who supposedly offered him $1 million took his entire business and never paid. If I offer a kid $10 million for his candy, take it and haul ass, do I owe the kid $10 mill?

You cannot enter into a contract with a minor. So that would be theft or swindling or scamming or whatever they want to call it when they book you. It's a fucked up law. I've had my eye on this lemonade stand up the street, but the kid is only 8. Gotta wait 10 years to cheat him out of it.

 

[Sho'Nuff]

You cannot enter into a contract with a minor. So that would be theft or swindling or scamming or whatever they want to call it when they book you. It's a fucked up law. I've had my eye on this lemonade stand up the street, but the kid is only 8. Gotta wait 10 years to cheat him out of it.

Slightly incorrect in at least some states. You can enter into a contract with a minor - but the minor can reneg on it after the fact. That is precisely why most car dealerships won't sell a car to a minor.

 

[SearchMaster]

sounds like the kid is rich already. 100k already raised? What 14 year old could get that done for their "idea"

Uhhh, no. If he spends that $100K on hookers and blow, he (or his corporation) will be sued by the investor(s). That $100K buys equity in that company in return for seed capital. It's not his money to do with as he pleases. If the patent is indeed worth more than $100K, then the investor(s) would likely then own the patent and would desperately flip through the rolodex trying to find the number of the $30M offer.

The $100K is probably barely enough (or not enough) to produce a couple of machines after the initial R&D, especially since he'll likely have to employ outside sources to design it then pay some Chinese manufacturer to create the tooling and software necessary to create the machines.