So it was the ultimate gift, Brian, to basically have 90 seconds to say goodbye to your life with 100% certainty that you're going to die. She had just heard the captain say: "Brace for impact." And we made an announcement that we would train Puerto Ricans in Charlotte for 15 months, and we will send them back with real capital and some digital assets and start building a real digital economy there. 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. TPG parent company CEO Ric Elias describes surviving 'The Miracle on the Hudson', This post contains references to products from one or more of our advertisers. Having grown to handle payments for a third of Americas restaurants and hotels, Isaacman took the company public in June 2020. And I realized I wanted to live the rest of my life out of this platform, and that I could do all the things that meant something to me around making a difference for others inside of the company and not even have to retire, do it after this life. 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. 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. At the center of the company is Ric Elias, the chief executive and co-founder. 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. Tech millionaires? Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. Comments requesting medical advice will not be responded to, as I am not legally permitted to practice medicine over the internet. Comments containing language or concepts that could be deemed offensive will be deleted. The retired president of Abbott Laboratories, where he served as president and COO until 1989, Jack Schuler is a prolific healthcare investor, with stakes in at least 10 publicly traded and privately owned biotech companies. 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. Talking about skillsets, Captain Chesley Sullenberger and the Gimli Glider piloted by Captain Robert Pearson, similiar but different landings. I'm like, "That doesn't narrow it down. Ric Elias: They're so passionate about the island, and they're super smart. Shares have increased more than 3,000% since then, and the company sports a $47 billion market capitalization with about $1.1 billion in latest 12 month revenues. Copyright 2023 All American Speakers Bureau. It's cold as can be. Ric Elias: Like, completely. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Green is the billionaire founder of one of the U.S.s largest digital advertising technology companies. The Times story said the company has a conservative valuation of $11 billion, and Elias owns more than 20% of the company, putting his net worth over $2 billion. And you actually got on a plane that night. Safe travels, Ric. [10][11], On September 14, 2020, Red Ventures agreed to purchase the CNET Media Group from ViacomCBS for $500 million. At the center of the company is Ric Elias, the chief executive and co-founder. [3], Red Ventures was formed on September 29, 1999,[4] in Fort Mill, South Carolina by Ric Elias and Dan Feldstein. Ric Elias: But I tell you, there were lots of great stories of just amazing people in New York City just giving everything. Ric Elias: In 1D and as soon as Sully said, "Brace for impact," it was terror in their eyes, so I knew it was over. Native of Puerto Rico, graduate of Boston College and Harvard Business School. WebRic Elias is the co-founder and CEO of Red Ventures, a portfolio of digital companies headquartered in Charlotte, North Carolina. We're not preparing ourselves for a photo op moment when we're going to go public. Ric, thank you so much for joining us today. WebRic Elias (on stairs). 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. One way he achieves this is through RV's Forward787, a "movement focused on revitalizing Puerto Ricos economy." Native of Puerto Rico, graduate of Boston College and Harvard Business School. And they're like, "Oh, my God. I told them, Theres a red line, and theyre like, OK, well see, he said. Our culture has changed a lot. I've been to a couple of their multi million dollar homes and it is rather surreal. I think were a 20-year-old company that still is figuring out what were going to be, he said. Brian Kelly: Being a successful entrepreneur, a lot of times you're always grown up. [6], In 2015, the company got a $250 million investment from Silver Lake. I think one of the most interesting things is the program 787 that you started at Red Ventures as a way to rebuild the island in a long-term form. He cofounded Red Ventures Related Tags: Information on keynote speaking engagements, personal appearances, corporate entertainment and appearance fees for Ric Elias, an inspirational motivational speaker. So thank you for joining Talking Points Podcast today. The purpose of comments on our site is to expand knowledge, engage in thoughtful discussion, and learn more from readers. He is the largest shareholder in Red Ventures, with more than 20 percent of the company, and so a billionaire on paper though he hasnt done the self-promotion required to get on the Forbes list. Safe travels, everyone. Red Ventures has turned very specific advice into very big business. https://en.wikipedia.org/wiki/Gimli_Glider#In_popular_culture, I like this interesting post, and humans longevity can be indefinitely extended being discovered by Allen Omton and Serge Dobrow. Forward787 is only one out of four massive social impact initiatives we have, and we're super proud of that. Theres an, "This is how I would judge my life'Did I earn my gift? player who lives nearby. 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 as a father, you learn more about yourself than you learn in any other role, and it's been wonderful. Terms apply to the offers listed on this page. WebRed Ventures was formed on September 29, 1999, in Fort Mill, South Carolina by Ric Elias and Dan Feldstein. I was going out of business, so it doesn't matter." Xu is the CEO of DoorDash, the restaurant delivery service he founded in 2013 with fellow Stanford University students Andy Fang and Stanley Tang. The Times story said the company has a conservative valuation of $11 billion, and Elias owns more than 20% of the company, putting his net worth over $2 billion. bio for Ric Elias agency, manager, speaker fees, speaking agency entertainment booking agency, speaker's fee, how to book, booking agencies for lectures, speaking event, celebrity appearances for hire, who is agent, manager, publicist, who represents, speakers bureau management who represents Ric Elias. Both pilots had been in the airforce and both were glider pilots. Ric Elias: And it's a payback model. And the key, I think, for leadership is to make sure that the culture is swimming in kind of the right direction. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. 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. 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. [14][15], In 2023 The Verge described the business model of the company as "publish[ing] content designed to rank highly in Google search for high-intent queries and monet[izing] that traffic with lucrative affiliate links. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. 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. Ric Elias: I think it's the integrated marketplace driven by our own brands. The couple, who married in January 2021, launched Sydney-based Canva in 2013 with cofounder Cameron Adams. Its about a 24-minute drive to Bank of America Stadium, and a 28-minute drive from where the new Panthers headquarters facility will be in Rock Hill, just off I-77. 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. 05:11 Elias: It doesn't matter. Its about a 24-minute drive to Bank of America Stadium, and a 28-minute drive from where the new Panthers headquarters facility will be in Rock Hill, just off I-77. But you've been incredibly generous." We turned around immediately. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. And I said, "The way I figured out was really simple is, if I don't get on this flight, I may never get on a flight. 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. Elias was on Flight 1549 when it unexpectedly landed unhurt on the Hudson River in 2009, an event he claims transformed his life. Red Ventures is all about profit maximization, said JT Genter, who left the site more than a year ago. Ric Elias: I did. It's about 70% females and all minorities and all studying really valuable fields for the future of our country. Red Ventures one day will go to zero. WebRic Elias is CEO and co-founder of Red Ventures, a portfolio of digital companies headquartered in Charlotte, NC. As CEO, Silbermann oversaw the April 2019 IPO of the bookmarking site, which today counts more than 454 million users. Connect with the definitive source for global and local news. 3 Things I learned When My Plane Crashed.. WebRic Elias is the co-founder and CEO of Red Ventures, a portfolio of digital companies headquartered in Charlotte, North Carolina. I didn't even know Bankrate was for sale, and one day, I get a call saying, "Hey, Brian. Brian Kelly: I know one of the things we keep hearing from our readers is doing TPG en Espanol, so maybe we'll have to start that group in the Puerto Rico office once that opens. document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); This field is for validation purposes and should be left unchanged. 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. And I remember grabbing my arm and saying to myself, "I love you," and thinking to myself, "I just wish I could see my kids grow up." She had just heard the captain say: "Brace for impact." I thought that Red Ventures, we would grow it and then sell it. She can't think straight. This is not Myers Park. Brian Kelly: Every Puerto Rican that I meet is ultra proud. Ric Elias: Why is it an or and not an and? Red Ventures headquarters in Indian Land, South Carolina, "Red Ventures adding jobs as it integrates ViacomCBS' CNET Media Group", "Why This $2 Billion Business Swears By the 'Pencil Rule', "Red Ventures CEO: We're going to keep growing", "Ric Elias and Dan Feldstein, Red Ventures", "ViacomCBS sells CNET Media for less than half what CBS paid in 2008", "Silver Lake Makes Big Bet on Red Ventures, a Digital Marketing Company", "Red Ventures breaks ground on project to double size of its headquarters", "Red Ventures buying company with important postal contract", "Personal Finance Website Bankrate to be Acquired by Marketing Firm Red Ventures", "Bankrate website to be bought by Red Ventures for $1.24bn", "ViacomCBS to Sell CNET to Red Ventures for $500 Million", "Red Ventures gobbles up another familiar brand name. Here in Indian Land, I felt as if I were back in the Ping-Pong days of Silicon Valley in the early 2000s. So when prospective customers called, Red Ventures knew exactly what they had been looking at on the site, which gave the agents what they needed to make personalized sales pitches. I went up and said, "Hey, when is the next flight?" Many have come back. If I'm honest with myself, this is the time." Ric Elias: Thanks for having me. Ric Elias: Right. Ric Elias is the cofounder and CEO of Red Ventures, a digital media company based out of Charlotte, North Carolina. A deeper concern may be what it will mean to transform the internets independent arbiters into nothing more than the gaping maw of the sales funnel. 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." document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Check out this post to see an example of what the substantial show notes look like. I said, "Captain," I introduce myself, and I said, "I just want to thank you for saving our lives." All the trees were gone, and you could see things that you could never see before. 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. So you were born in Puerto Rico. Ric Elias: The Points Guy to me is at the forefront of the consumer brand in our portfolio. Ric Elias: Probably never has been more true that you can die of indigestion as well of starvation. We were filming some video content for the Citi Prestige that was about to relaunch. Rics life leading up to the day of the plane crash [5:30]; The plane crashWhat its like knowing youre about to die, feelings of regret and sadness [11:15]; The improbable plane landing in the Hudson River [19:00]; Emotions after the safe landing (and a story hes never told before) [25:45]; A powerful story about Captain Sully [29:30]; Earning his second chance at life, and playing the infinite game [38:30]; Why time is the ultimate currency, and how (and why) to say no [46:15]; Raising kids in an achievement culture, Rics definition of life success, and what Ric wants to instill in his kids [53:00]; What Ric believes is actually worth getting upset about, and the organizations that are taking steps to help people [1:09:00]; The core principles of Red Ventures (Rics company) [1:19:15]; Rics tips for developing business acumen and negotiation skills [1:29:30]; What qualities does Ric look for in people he wants to work with? Courtesy Red Ventures. Brian Kelly: And some of the key reasons for people leaving, is it mostly opportunity and jobs, or is it just the whole infrastructure that's pretty much decrepit? Who are these people? All American Entertainment Named to Inc. Best Workplaces in 2022. We're 19 years into this, and every 18 months it feels like we're doing something different, and it's super exciting. I didn't know his name at the time. 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. 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. Our belief is that people stay in a company if they're growing, and when they stop growing is when they leave. You can see Manhattan, right Brian Kelly: So you're in the front, yeah. Their Googling and mandatory corporate retreats led them to the companys South Carolina headquarters, a 180-acre campus with a cluster of modern buildings, a fire pit, a six-lane bowling alley, spin room, pickle ball courts and 264 residences for employees who choose to live where they work. 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. But first and foremost, the role of a father, and doing my very best to help my kids be the best version of themselves, was my role. 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? Comments including unnecessary profanity will be deleted. So our responsibility is to make people uncomfortable by keep putting opportunities in front of them. And to do that, we need really smart people. So we ended up on the same side, and after a while I see him standing by himself. We unite through discovery. She sat down at her kitchen table in Berkeley, Calif., and frantically started Googling to find out what it was. Ric Elias is CEO/Co-Founder at Red Ventures. I did the next morning. Courtesy Red Ventures. 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. Have we taken everyone? She had just heard the captain say: "Brace for impact." Before Maria, there were a lot of crypto startups, and I remember hearing about a lot of people were moving businesses. He is also the founder of Draken International, a defense firm that trains Air Force pilots and owns the largest private fleet of military aircraft in the world. So you co-founded it in 2000. WebSee Ric Elias's compensation, career history, education, & memberships. Watch, share and create lessons with TED-Ed, Talks from independently organized local events, Short books to feed your craving for ideas, Inspiration delivered straight to your inbox, Take part in our events: TED, TEDGlobal and more, Find and attend local, independently organized events, Learn from TED speakers who expand on their world-changing ideas, Recommend speakers, Audacious Projects, Fellows and more, Rules and resources to help you plan a local TEDx event, Bring TED to the non-English speaking world, Join or support innovators from around the globe, TED Conferences, past, present, and future, Details about TED's world-changing initiatives, Updates from TED and highlights from our global community, An insiders guide to creating talks that are unforgettable. 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. Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. And I don't know why do we lower ourselves to settle into what party are we from, what race are we from. And there's more to come there, too. Sports stars? That was the first thing you hear from the captain. Brian Kelly: I was in Mexico. INDIAN LAND, S.C. Lindsey Turrentine first heard of Red Ventures last fall, when it bought the venerable tech news site CNET, where she is the senior vice president in charge of content. TED Conferences, LLC. So you were on that flight. Eliass 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. 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. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. Two of the three cofounders of design unicorn Canva, Perkins and Obrecht are worth an estimated $6.5 billion each. Go deeper into fascinating topics with original video series from TED. How do you Did you go to work the next day? And I heard Danny once said about culture that it's like a shark. The South Carolina campus of Red Ventures, a digital media company with 4,500 employees, some of whom live on site. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. So my thing is spinning and spinning and spinning, and then at some point, I just put it down. He cofounded Red Ventures 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. 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. This is a BETA experience. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. We've got a very active reader base, but we spend a lot of money on brand. I was in a great seat because I can see the flight attendants. [1:32:50]; What is the next big problem that Ric wants to solve? #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). Check here before booking an award fare. [19][20], Futurism additionally highlighted undisclosed AI-generated, SEO-focused content produced by Red Ventures's education division (internally RV EDU). Ric Elias is the CEO and cofounder of Red Ventures, a portfolio of fast-growing digital businesses. Ric Elias is the cofounder and CEO of Red Ventures, a digital media company based out of Charlotte, North Carolina. A lot of people left. I was heading back home to Charlotte. A lot of people think that Puerto Rico is the center of the world, and out of that comes great pride in being Puerto Rican, which is a beautiful thing. After launching The Trade Desk in 2009, he watched its valueand his own fortuneskyrocket following its successful IPO in 2016. After suffering a life-changing bicycle accident that left him almost entirely paralyzed from the neck down, Jon Ayers was forced to leave his job leading the Westbrook, Maine-based veterinary diagnostics company IDEXX Laboratories in October 2019 after 17 years as CEO, president and chairman. Brian Kelly: You have two beautiful children. I mean homes that could fit right into Beverly Hills. Mr. Elias said Red Ventures has a nonnegotiable line concerning the editorial independence of its sites, adding that he has given his cell number to CNET employees and instructed them to call him if they ever face pressure from the business side. 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. We only accept comment from posters who identify themselves. Red Ventures, which started as a digital marketing company, has attracted serious investments from private equity firms. 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. [13], In 2021, the company had 4,500 employees and 751 million readers per month. 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. Brian Kelly: It's a paid position. Ric co-founded Red Ventures in 2000 and quietly built into the biggest digital media company in America, as a New York Times headline recently said. 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. Anative of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GE's Financial Management program. And they're thinking it's terrorism. 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. [2] The company's corporate headquarters is located in Indian Land, South Carolina, a suburb of 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.
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