I bet you five years from now we have Really, I love the romantic notion that we unite through travel. And you know the feeling is mutual, and I'm just excited about the journey ahead. A native of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GE's Financial Management program. Brand and trust are at the core of everything that we do, said Courtney Jeffus, the president of the companys financial services division, which includes Bankrate. Ric Elias: Like, completely. And I've had the greatest run in my marriage, any marriages ever have. Ive always believed that if you're in a position to help somebody, you should do it, Bill Gates said in a statement announcing the new signees. The company weathered the storm; by 2007 it was ranked fourth on the Inc. 500 list, and in 2015 the company was valuated at more than $1 billion. Your podcasts are top shelf !! Please Note: All American Speakers Bureau is a full-service talent booking agency providing information on booking Ric Elias for speaking engagements, personal appearances and corporate events. What would you say to someone like me who wants to do both things? And he said something to me that I say to myself all the time when someone thanks me for something. But you've been incredibly generous." Red Ventures CEO Ric Elias says he's spent 20 years building a company that aims to help people make decisions about their homes, health, finances, travel and education. Open Translation Project. You just have this feeling. In particular, he wants to continue with a project he has already started in collaboration with the Indian government: building a network of early childhood care centers aimed at leveling the playing field so all children can reach their full potential irrespective of the background they come from.. This was a pretty high-tech form of digital surveillance in those more innocent times. A 6-foot-5 native of Puerto Rico, he has quietly become one of the most powerful media moguls in the country, a Barry Diller of the South, heading a company roughly the size of Mr. Dillers IAC. This time it's travel related", "CNET Hires Cond Nast Chief Data Officer", "You've Never Heard of the Biggest Digital Media Company in America", "Inside CNET's AI-powered SEO money machine", "CNET Is Quietly Publishing Entire Articles Generated By AI", "CNET's AI Journalist Appears to Have Committed Extensive Plagiarism", "CNET is doing big layoffs just weeks after AI-generated stories came to light", "CNET Hits Staff With Layoffs After Disastrous Pivot to AI Journalism", "Leaked Messages Show How CNET's Parent Company Really Sees AI-Generated Content", "DirectMag.com: News et informations depuis plus de 20 ans", "Red Ventures Announces Growth Capital Investment by General Atlantic", "Red Ventures Announces Closing of Acquisition of Bankrate, Inc", "Red Ventures Acquires HigherEducation.com", "ViacomCBS Reaches Deal to Sell CNET for $500 Million to Marketing Firm Red Ventures", "Chowhound Closes After 25 Years of Food Obsession, Wisdom, and Debate", "Lonely Planet sold to US digital marketing group for undisclosed sum", "RV Health, A Red Ventures Business, Acquires Healthgrades.com from Mercury Healthcare | Red Ventures", "Optum, Red Ventures partner on consumer healthcare platform", "TV Guide, Metacritic, GameSpot Acquired by Fandom in $55M Deal With Red Ventures", https://en.wikipedia.org/w/index.php?title=Red_Ventures&oldid=1142688087, Privately held companies based in South Carolina, Mass media companies of the United States, Companies based in Charlotte, North Carolina, Articles needing cleanup from February 2023, Articles with sections that need to be turned into prose from February 2023, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 March 2023, at 21:13. In 2018, Elias launched Forward787, a social enterprise committed to raising and deploying $100 million to build businesses in Puerto Rico that compete with the world's top companies. Outstanding interview ! I went up and said, "Hey, when is the next flight?" Were going to have a chance to be an alternative to the big walled gardens, Mr. Elias said of his company. From there, he earned an M.B.A. at Harvard Business School. And I often think if we just viewed our success as a responsibility to do our jobs and not as a privilege, I think life will be a little better for everybody. These low-profile media companies are riding a shift in technology as both Apple and regulators have eroded the dominance of the creepy advertising technology that allows companies to track you across websites. Additional new billionaire pledgers this year include Nubank cofounder David Vlez, Pinterest cofounder Ben Silbermann and DoorDash cofounder Tony Xu. *If you enjoy this podcast, you are sure to enjoy. Ric Elias: The next cohort four will start in April. Brian Kelly: And so Red Ventures made a name for itself really working with DIRECTV and having sales centers, basically connecting online to offline sales, right? I mean homes that could fit right into Beverly Hills. Ric Elias, CEO and co-founder of Red Ventures, and his wife, Brenda, are suing the 24,500-square-foot houses Charlotte architect and builder, along with the manufacturer of the doors and windows. Call us to speak with a booking agent to discuss your event or specific speaker request. Many have come back. Ric Elias: So just quickly, when the hurricane happened, I got a lot of friends calling and saying, "Hey, we want to help, and you're the one Puerto Rican we know, so whatever you do we'll do." Ric Elias is the co-founder and CEO of Red Ventures. His new full-time job involves a longtime passion of his: promoting the conservation of wild cats, which he does in part through his work with Panthera, a nonprofit group he chairs. What was it like to meet Sully? Notably, the pledge is non-binding; it is instead branded as a public, moral commitment. Pledgers are left to their own devices about how they want to disseminate their riches. 3 Things I learned When My Plane Crashed.. So someone that wants to get in that kind of training, I think that we have thousands of these people now that are doing amazing things at a much younger age than they would do anywhere else. And over time, the bet is that we will have a data repository that will give us a competitive advantage giving consumers what they want in our own network. Its location has helped obscure what is perhaps the biggest digital publisher in America, a 4,500-employee juggernaut that says it has roughly $2 billion in annual revenues, a conservative valuation earlier this year of more than $11 billion, and more readers, as measured by Comscore, than any media brand youve ever heard of an average of 751 million visits a month. So I learned enough to be dangerous. He was so moved that he created a book titled How Facing Death Changed My Life (And My Business). Brian Kelly: I highly recommend -- Ric has a TED talk, "The three things I learned when my plane crashed." So thank you for joining Talking Points Podcast today. With previous philanthropy including more than $365 million in donations to St. Jude Childrens Research Hospital (both through personal donations and fundraising), Isaacson and his wife, Monica, say they feel an obligation to make the world a better place than we found it., Kim Bongjin founded Woowa Brothers Corp., which operates South Koreas largest food delivery service, known as Baemin. People working at the tourism guide Lonely Planet, the travel site The Points Guy and the health and medical information site Healthline were similarly blindsided in recent years, when Red Ventures bought up special interest publications in a multibillion-dollar shopping spree. He said, "I was just doing my job." Ric Elias is CEO/Co-Founder at Red Ventures. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. I said, "Captain," I introduce myself, and I said, "I just want to thank you for saving our lives." Some of them don't even go to private schools. Ric Elias: But flying back from one of those trips, I realized that if I really wanted to help Puerto Rico, I needed to figure out a way to open up our platform and help talent return to Puerto Rico. WebIn this episode, Ric Elias, founder of Red Ventures, opens up about the fateful day he knew for certain that he was going to die as a passenger on US Airways Flight 1549. Brian Kelly: I mean, I think part of our culture is giving back; we say, "Leaving the woodpile higher than we found it." See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Charlotte isn't that largewhere is all of that money coming from? They entered the business of selling subscriptions for DirecTV and burglar alarms for ADT Security. We're 19 years into this, and every 18 months it feels like we're doing something different, and it's super exciting. Elias, a Puerto Rico native, has also started several nonprofits, including Road to Hire, Golden Door Scholars and Forward787, a social enterprise in Puerto Rico. 05:11 Elias: It doesn't matter. There are a number of retired pro athletes with kids that are high school or older who live in quite nice homes in South Charlotte, Ballantyne, and Marvin. He returned from that near-death experience determined to remake his life and his company. You know what he said? Contact an All American Speakers Bureau booking agent. Anative of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GEs Financial Management program. Schuurman has since turned much of his focus to philanthropy and is described by The Giving Pledge as devoting all his time and resources to protecting and preserving the planet for future generations. In 2014, he founded FutureNL, a foundation aimed at improving digital literacy in primary and secondary schools in the Netherlands. What is it like to be Puerto Rican? They said their involvement with The Giving Pledge may be the most important work that we will do together and if done right, should certainly be the most rewarding., Vlez is the cofounder and CEO of Sao-Paulo based digital banking giant Nubank. And they were trying to decide, do they go back to LaGuardia, so they got clearance in LaGuardia. This comment policy is subject to change at any time. translators. Ric Elias: What is really fun is digitization of every industry's just starting. And I dont think we have anything to celebrate or tell.. Elias, a survivor of the US Airways flight 1549 with Capt. As the company grew and the market shifted, its founders realized that the technological know-how they had developed had itself become a commodity and that they needed to develop their own brands, not just sell others. And I had this feeling of the rebirth of Puerto Rico. Brian Kelly: So you get home that night. Is the future all about our own properties, or is it still finding more strategic partners to work with? Brian Kelly: I was in Mexico. Update: A previous version of this article incorrectly stated that there were 16 new members of The Giving Pledge in 2020. Red Ventures will take a healthy commission on each referral. For instance, they purchased more than a million toll-free phone numbers, and each visitor to their marketing website was shown a different one. Another 14 of the worlds wealthiest agreed to join Bill Gates, Melinda French Gates and Warren Buffetts Giving Pledge in 2021, bringing the total number of philanthropists who have vowed to donate most of their fortunes either before or after their deaths to 231, according to a Tuesday announcement. In those minutes of fate, the number one thing you're just thinking about is your family? And we have about 350 of these kids now over the last seven years, and our graduation rate is 99%. The single wealthiest individual joining the group is Boem-su Kim, the founder of South Koreas biggest messaging app, Kakao, whose estimated net worth is $11.4 billion. #249 How the brain works, Andrews fascinating backstory, improving scientific literacy, and more | Andrew Huberman, Ph.D. movies depicting minor league hockey teams. You work at Red Ventures. And many thanks to our guest, Ric Elias, co-founder and CEO of Red Ventures. Ric Elias: The Points Guy to me is at the forefront of the consumer brand in our portfolio. But the population of Puerto Rico is expected to dip below 3 million over the next five years, so it's a massive issue when you have that kind of brain drain. We may receive compensation when you click on links to those products. Sports stars? He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. Their company became one of the worlds most valuable startups in September when it raised $200 million in new funding at a valuation of $40 billion. Ric Elias is the CEO and cofounder of Red Ventures, a portfolio of fast-growing digital businesses. WebIn this episode, Ric Elias, founder of Red Ventures, opens up about the fateful day he knew for certain that he was going to die as a passenger on US Airways Flight 1549. Are we taking more people in 787? Let's get to know you. Though his business takes him around the world, Agarwal, who was born in Mumbai but now lives in London, plans to focus his philanthropy on his native India. So you were on that flight. Vaccinated employees have lunch in a dining area on Red Ventures 180-acre campus. A subreddit for Charlotte, North Carolina. And I think The Points Guy really is a platform to unite but also help us dream. They couldn't land. Ric Elias: So the first phase is they're going to move back with some of our smaller digital assets that they will run out of there, and then we're going to look at opportunities to start from there, including some stuff in tourism. I've been to a couple of their multi million dollar homes and it is rather surreal. If it stops swimming, it dies. Red Ventures CEO Ric Elias says he's spent 20 years building a company that aims to help people make decisions about their homes, health, finances, travel and education. I'll see you in a minute. And I think that passion is what we're trying to ignite, and going back home will be the beginning of a long journey back. There are a number of retired pro athletes with kids that are high school or older who live in quite nice homes in South Charlotte, Ballantyne, and Marvin. You can also follow Ric and Red Ventures on social; @ricelias and @redventures on Twitter, @_ricelias and @redventures on Instagram. She thinks it's the police calling to tell her, "Hey, your husband," or something, right? Ric Elias A native of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GEs Financial Management program. The Silbermanns fortune comes from the 2010 launch of Pinterest, which Ben Silbermann cofounded alongside Evan Sharp and Paul Sciarra. He built up a fortune of at least $800 million from his time at IDEXX Laboratories. Ric Elias Ted Talks A native of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GEs Financial Management program. It just needs an ecosystem. Elias, a Puerto Rico native, explains on the podcast how after visiting his home for a "Rebuild Puerto Rico" campaign during the aftermath of Hurricane Maria he realized he wanted to devote energy towards initiatives and programs that will bring talent and resources back to the island. Privacy Policy. Otherwise, we would have never left the cave. And we believe in high bars. Heading the familys philanthropic work is Byrons wife, Tina, who is a prominent child welfare advocate, serving on the board of directors of UNICEF Midwest. And it reminds me of, we are at a best as a country when crises hit. And if you've never heard about Red Ventures, you're about to learn exactly what we do, and they now own The Points Guy. Together, the billionaire newcomers are worth an estimated $48.1 billion, with Canvas married cofounders Melanie Perkins and Cliff Obrecht the richest among them with a collective estimated net worth of $13 billion. And to be working with the smartest people in so many different industries, what you've created, I'm honored to be a part of. North Equity bought Popular Science, Domino and Field & Stream, along with the mens site Mel. In 2019, he launched a podcast, 3 Things with Ric Elias, as a continuation of the learning journey he shared on the TED stage. Still reeling from the catastrophic incident, Ayers said he turned to philanthropy as a sort of mental therapy. Sitting on the hospital bed, its what gave me the purpose and what gave me the strength to get through the challenges, he told Forbes in a phone interview. [13], In 2021, the company had 4,500 employees and 751 million readers per month. There are a number of retired pro athletes with kids that are high school or older who live in quite nice homes in South Charlotte, Ballantyne, and Marvin. WebRic Elias is the co-founder and CEO of Red Ventures, a portfolio of digital companies headquartered in Charlotte, North Carolina. WebOn a cold afternoon in January 2009, Ric Elias was flying home to Charlotte, North Carolina, in seat 1D when he saw fear flood a flight attendant's eyes. He was on US Airways Flight 1549 that went into the Hudson, so we're going to hear all about that. Elias did not respond to the newspapers request for comment. A lot of people go through near-death experiences, but they lose that urgency, and that's been my purpose, (to) find all sorts of ways to remind me that this is bonus time, and I have to make the most out of it. And you know what he said to me, Brian? Drive out of Facebook right now, and on the sign, you see Sun Microsystems. Elias was on Flight 1549 when it unexpectedly landed unhurt on the Hudson River in 2009, an event he claims transformed his life. I thought that Red Ventures, we would grow it and then sell it. The company weathered the storm; by 2007 it was ranked fourth on the Inc. 500 list, and in 2015 the company was valuated at more than $1 billion. I cover the world's richest people for Forbes. For more information on RV and Ric's work with Forward787 and other organizations, visit redventures.com. [10][11], On September 14, 2020, Red Ventures agreed to purchase the CNET Media Group from ViacomCBS for $500 million. Courtesy Red Ventures. It's about 70% females and all minorities and all studying really valuable fields for the future of our country. So my thing is spinning and spinning and spinning, and then at some point, I just put it down. Theres quite a bit of good news in the rescue of old media brands by Red Ventures and similar companies CNET plans to hire 150 new employees this year, for instance. He was taken elsewhere after the crash. But Points Guy journalists are required to attend regular business meetings detailing how much money the site makes from credit card sales, which some take as a tacit suggestion to put their thumbs on the scale. She had just heard the captain say: "Brace for impact." He was so moved that he created a book titled How Facing Death Changed My Life (And My Business). document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 20122023 PA IP, LLC. This is the perch from where Im going to live the rest of my life, he said, describing his thoughts at the time. Founder, Chairman and CEO of BDT & Co. (Byron Trott), Byron Trott launched the Chicago-based advisory and private equity firm BDT & Co. in 2009 following a long career at Goldman Sachs, where he worked his way up from stockbroker to vice chairman. And they're thinking it's terrorism. And I know we're super excited about some of this stuff that you've got coming out on your app and all these things. More troublingly, some reporters at The Points Guy, which also covers the travel industry in general (it has been a comprehensive source for information on where vaccinated Americans can travel), have complained that the new owners have eroded the already rickety wall between the sites service journalism and the credit card sales that fund it. document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); This field is for validation purposes and should be left unchanged. There's the integration, the harmony. In 2009, Elias survived Flight 1549, the "Miracle on the Hudson, which led to his viral TED Talk, "3 Things I Learned While My Plane Crashed." The son of a Swiss immigrant, Schuler has also focused heavily on giving back, including through the Schuler Scholar Program, which he cofounded in 2001 to help underrepresented students succeed in high school and apply to college. On this episode, you'll hear work-life balance advice, you'll be inspired to support a cause you're most passionate about and you'll learn a bit more about TPG's place in the Red Ventures ecosystem. Our fundamental belief is culture is a competitive advantage. How did they come about? Elias has cultivated an award-winning company culture, ranking as a Best Place to Work in Charlotte, North Carolina, for ten years in a row. Ric dives deep into how that day impacted his life, greatly changed his perspective, and improved his relationship with his famil In 2018, Elias launched Forward787, a social enterprise committed to raising and deploying $100 million to build businesses in Puerto Rico that compete with the world's top companies. Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. I could order a beer and not get lost in a taxi, but that was about it. And I don't know why do we lower ourselves to settle into what party are we from, what race are we from. Brian Kelly: Did you pick up the language when you were there? Ric Elias, CEO and co-founder of Red Ventures, and his wife, Brenda, are suing the 24,500-square-foot houses Charlotte architect and builder, along with the manufacturer of the doors and windows. Tirades, Welcome to Charlotte, Things to do, Buying/Selling, and Charity are all weekly topics. A native of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GE's Financial Management program. Ric Elias is CEO/Co-Founder at Red Ventures. In 2000, he and a friend, Dan Feldstein, who is now the chief marketing officer of Red Ventures, started a business built on the notion of driving online shoppers to physical stores. He was so moved that he created a book titled How Facing Death Changed My Life (And My Business). She thought I was dead. We also talk about his incredible role as CEO of an enormous company, his remarkable work in philanthropy, and all the wisdom he has acquired in his extraordinary life. And it's been fabulous. This is hand up. Elias has cultivated an award-winning company culture, ranking as a "Best Place to Work" in Charlotte, North Carolina, for ten years in a row. Find the right card for you. And to do that, we need really smart people. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. In 2009, Elias survived Flight 1549, the "Miracle on the Hudson, which led to his viral TED Talk, "3 Things I Learned While My Plane Crashed." #252 Latest insights on Alzheimers disease, cancer, exercise, nutrition, and fasting | Rhonda Patrick, Ph.D. Cognitive Health & Neurodegenerative Disease, #251 AMA #46: Optimizing brain health: Alzheimers disease risk factors, APOE, prevention strategies, and more, #250 Training principles for longevity | Andy Galpin, Ph.D. (PART II). Elias's leadership style and personal life are deeply influenced by his experience as a survivor of Flight 1549, also known as the "Miracle on the Hudson." WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. Safe travels, Ric. The Points Guy had built a profitable business earning commissions whenever people signed up for credit cards they had read about on the site often in rave reviews of high-end cards. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. And we believe that there's going to be a few winners in every big industry out there that aggregates consumer interest by providing value to the consumer. [18] Red Ventures announced layoffs at CNET a few weeks after the reports from The Verge and Futurism, which the company says were unrelated. | Learn more about Ric Elias's work experience, education, connections & more by visiting their profile on LinkedIn WebRed Ventures was formed on September 29, 1999, in Fort Mill, South Carolina by Ric Elias and Dan Feldstein. He is devoted to using his platform to "leave the woodpile higher than he found it" -- spinning out multiple nonprofits from Red Ventures over the years, all of which are aimed at creating educational opportunity and economic mobility for under-served groups. Brian Kelly: Likewise. I actually moved to the U.S. to come to college and fell in love with this country, so I love two countries now. Why does it take a crisis to be Americans above other things? He persuaded key investors the private equity firms General Atlantic and Silver Lake each own about 20 percent to back an ambitious expansion.
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