Tue May 21, 2013
Kids Pitch Business Ideas To Warren Buffett
STEVE INSKEEP, HOST:
DAVID GREENE, HOST:
And today's last word in business is: almost millionaires.
INSKEEP: Warren Buffett took time yesterday to listen to kids pitching potential new enterprises. These are kids who competed through Buffett's Secret Millionaires Club, a Web and cable series featuring a cartoon.
(SOUNDBITE OF WEB CARTOON, "SECRET MILLIONAIRES CLUB")
(SOUNDBITE OF MUSIC)
WARREN BUFFETT: Hey, kids, Warren Buffett here. A successful business is always trying new things.
GREENE: Starting early. Thousands of kids competed. Eight of them, ranging from age seven to 16, got to meet Buffett himself and present their ideas - many of which had a social purpose, such as cupcakes for literacy.
INSKEEP: And the big winners...
(SOUNDBITE OF TAPPING ON TABLE)
INSKEEP: ...included three siblings from Kentucky with an idea Kidtrepreneur Kits. And 10-year-old Matthew Meyer from Ohio, whose idea is for an elastic contraption to help kids learning to write while holding a pen or pencil correctly.
GREENE: I could use that. Each of the winners won $5,000 and 10 shares in Berkshire Hathaway. Mr. Meyer told the Associated Press that those winnings made him rich-ish.
That's the business news on MORNING EDITION from NPR News. I'm David Greene.
INSKEEP: And I'm Steve Inskeep.
(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR.