13-Year-Old Makes $100K Reinventing...

Discussion in 'The Howard Stern Show' started by HS Cult Leader, Sep 13, 2013.

  1. HS Cult Leader

    HS Cult Leader Elite Member Gold

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    [h=1]13-Year-Old Makes $100K Reinventing the Scooter Wheel[/h] By Gabrielle Karol
    Published September 13, 2013

    FOXBusiness




    • [​IMG]




    Nicholas Pinto may be one year away from high school, but he’s already doing big business.
    The 13-year-old says he’s always loved scooters, but was frustrated by how quickly the wheels would break.
    “As you develop your skills, like landing on the scooter harder when you’re going off of a ramp, what you want is for the parts not to break,†says Pinto, who lives with his parents and three siblings in Cranford, New Jersey. He says he was spending a lot of money replacing the wheels every few weeks.
    “I was saying, ‘Wow, this can’t be!’ I was trying so many wheels, I thought I better make my own and help the world,†says Pinto, who enjoys competing in scooter competitions.
    Over a year ago, the entrepreneurial eighth-grader began researching manufacturers who could reinvent the wheel, so to speak. He says he finally located a manufacturer in California to make a durable, polyurethane wheel that would be tougher than the breakable plastic wheels found on most scooters.
    “I made a step-by-step design with all of the dimensions and they did it,†says Pinto, who borrowed $2,000 from his parents to create 500 wheels, bringing his fledgling company LB Scoots to life.
    “The LB stands for ‘Little Boy.’ It’s the name of my dog, a chocolate lab,†says Pinto.


    Once the wheels were made, Pinto says he built an e-commerce website with the help of Youtube tutorials and his mother, who had created a website herself for her own small business, a modeling and acting agency.
    From there, Pinto says he started selling wheels thanks to word of mouth, showcasing his new wheels at skate parks and competitions.
    “We went to competitions and had a big banner there. We were giving out stickers and saying, ‘Everyone check us out online!’†says Pinto.
    Within a year, Pinto was receiving orders from all over the country, and even as far away as Australia. “We made about $100,000 in the first year,†says Pinto.
    Pinto says he’s going to stick to LB Scoots for now, but isn’t ruling out the possibility of branching out down the road.

    “As I grow up, I want to keep having LB Scoots, and I would also like to start other companies,†says Pinto. He’s also mentoring his little sister, who’s an entrepreneur in her own right.
    “She makes duct-tape wallets and paintings and sells them online,†says Pinto.
    And with three years on his little sister and experience running a $100,000 business, Pinto€™s got a lot of advice to share.
    “She’s 10 … I help her out a lot,†he says.
     
  2. alittlebitcunty

    alittlebitcunty Well-Known Member

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    This young entrepreneur made $100k in a month. [​IMG]
     
  3. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    Inventions = 0.

    The kid took some measurements and placed an order.
     
  4. HS Cult Leader

    HS Cult Leader Elite Member Gold

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    He invented a way to take that and turn $2,000 into $100,000

    Not to bad in anyone's book. :dontknow:
     
  5. noname2

    noname2 Well-Known Member Banned User

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    WTF? Scooters are for pussies. Tell chubby to go get a real board.
     
  6. Bungzilla

    Bungzilla Active Member

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    Jews are born with this ability
     
  7. Hateman

    Hateman Well-Known Member Banned User

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    :lol:
     
  8. HooHoo

    HooHoo Well-Known Member

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    Kid will never have to touch his own dick again. The little 13yr old future BethO's hear $100k and they're coming out of the wood like rats.
     
  9. Buffalo Balls

    Buffalo Balls Well-Known Member

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    That's why they said "reinvention"
     
  10. Spazzmatazz

    Spazzmatazz Band Member Banned User

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    :lol:
     
  11. baby booie

    baby booie Active Member

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    they make wheels with metal inserts already, they're not all plastic

    the kid should lose weight if he's busting all those wheels
     
  12. Spazzmatazz

    Spazzmatazz Band Member Banned User

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    A kid that can pay his own college tuition at that age? What's not to like? :c
     
  13. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    Definition of reinvent (vt)

    Bing Dictionary
    re·in·vent
    [ r in vént ]



    • invent something again: to invent something again, or bring something back into existence, use, or popularity after a period of neglect or obscurity NOPE
    • create new version of something: to change radically the appearance, form, or presentation of something or somebody NOPE

    He took measurements and placed an order. Did he invent a new polymer? NOPE

    Did he devise a unique way to strengthen wheels so they don't break? NOPE

    Did he change the shape of the wheel so it would be more durable? NOPE

    He called a company that will make anything you want it to and used a stronger material than stock. That is a business endeavor, not an invention, not a reinvention.

    He's a 13 y/o idiot kid who jumps a SCOOTER off plywood, a great way to wind up badly hurt, but he's a genius because he made some money. All hail the real god in America, money. Because if you make a nice score of money, YOU MUST BE A GENIUS!

    Ever occur to anyone that nobody did it before because they don't want the liability of kids jumping scooters and wisely didn't waste money on wheels strong enough to handle that?

    Let's see the smile wiped off his father's face when some kid gets hurt jumping his scooter (surely advertised for this purpose!) and sues the manufacturer of every part on the thing.

    [video=youtube;NIE-NQUdvpg]http://www.youtube.com/watch?v=NIE-NQUdvpg[/video]
     
    Last edited: Sep 13, 2013
  14. Caster Fly

    Caster Fly New Member Banned User

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    [​IMG]
     
    Last edited: Sep 13, 2013
  15. HowardsNeckFlap

    HowardsNeckFlap New Member Banned User

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    damn... someone's jealous.

    gotta respect the kid for his business smarts, regardless of the invention.
     
  16. Pembroke36

    Pembroke36 Well-Known Member VIP

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    Maybe you should buy some scooter wheels and make a thread about it.
     
  17. HowardsNeckFlap

    HowardsNeckFlap New Member Banned User

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    why such a visceral reaction? inferiority complex?
     
  18. Chimney Portions

    Chimney Portions I drink cum Banned User

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    Goo fo him.
     
  19. HowardsNeckFlap

    HowardsNeckFlap New Member Banned User

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    i only wish i knew there was a market for scooter wheels. didn't even realize people still rode them. good on him for tapping into that.
     
  20. Ving

    Ving Well-Known Member

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    You should take your own advice, stay out of your car, millions of people have been hurt and killed in those dangerous death traps.