And I dont think we have anything to celebrate or tell.. 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. He returned from that near-death experience determined to remake his life and his company. Please make sure to subscribe wherever you get your podcast. Brian Kelly: So you, as a successful Puerto Rican entrepreneur, you did a lot for the island. 3 things I learned while my plane crashed. Let's get to know you. And the great thing about our culture is a movement takes a follower. And if I get on this flight, and it goes down, and I survive again then Oprah Winfrey's got nothing on me.". That really was the only thing that I was going to miss. At the center of the company is Ric Elias, the chief executive and co-founder. I didn't want to die, but it wasn't scary, which in itself was clarifying. Red Ventures roots in marketing, its investment in tech aimed at selling you something and its almost-accidental move into trying to provide readers with trusted, even journalistic, advice have made for an odd amalgam. Panthers owner David Tepper buys John 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. You're not struggling, but you know it's over. 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. Check here before booking an award fare. And they were trying to decide, do they go back to LaGuardia, so they got clearance in LaGuardia. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. And they're thinking it's terrorism. 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. This $2 Billion Business Swears By the 'Pencil And it's fun to see. It was super cold, and there's a guy that had a concession stand, and he opened it up and said, "Take whatever you want," to everybody. I was in a great seat because I can see the flight attendants. They spent the next few years digging out and repaying their investors, among them their more successful Harvard Business School classmates. All American Entertainment Named to Inc. Best Workplaces in 2022. The Giving Pledge Gains 14 New MembersHere Are Ric Elias: I know you had Danny Meyer here recently, and I'm friends with Danny. WebRic Elias is the co-founder and CEO of Red Ventures, a portfolio of digital companies headquartered in Charlotte, North Carolina. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. Have we taken everyone? And I've had the greatest run in my marriage, any marriages ever have. 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. And so did that change the way that you parent? Please be respectful toward other contributors. Red Ventures is all about profit maximization, said JT Genter, who left the site more than a year ago. He joined Talking Points to share how this near-death experience has shaped how he runs his business, his role as a father, and his life philosophy. So we have provided tons of value to our partners, huge brands. AAE is one of the premier celebrity booking agencies and top keynote speakers bureaus in the world. Nubank, under the name Nu Holdings, listed its shares on the New York Stock Exchange last week and has grown to reachover 35 million customers spanning Brazil, Mexico and Colombia. A subreddit for Charlotte, North Carolina. As a subscriber, you have 10 gift articles to give each month. So right now, we're looking for others that want to apply. He was minted a billionaire earlier this year thanks to the performance of his investments, including his largest holding, Quidel Corp., which was one of the earliest companies to receive FDA approval for Covid-19 tests. Right as you're taking off, did you hear the birds go in? 'We in our evolution cant process death. This content promotes schools with which Red Ventures maintains affiliate agreements, such as University of Phoenix (a for-profit college owned by Apollo Global Management) and Liberty University (founded by conservative activist and Baptist pastor Jerry Falwell). Spanish is a lot easier. In those minutes of fate, the number one thing you're just thinking about is your family? The home sits in between two key Panthers facilities. But this is just the beginning. Are they old bankers? Ric Elias And so you have 90 seconds. 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. Ric Elias: I think it's the integrated marketplace driven by our own brands. No one knew it was both engines, and no one knew that we couldn't start it. WebRed Ventures was formed on September 29, 1999, in Fort Mill, South Carolina by Ric Elias and Dan Feldstein. If I'm honest with myself, this is the time." The purpose of comments on our site is to expand knowledge, engage in thoughtful discussion, and learn more from readers. Ric Elias Please remember to subscribe to Talking Points, rate the show, and share with your friends. 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. He devoted himself to causes, including a college scholarship program for undocumented immigrants ineligible for state aid, some of whom he has hired. You know what he said? The arrival of Red Ventures executives hasnt always gone over well among the journalists who find themselves working under Mr. Elias. Brian Kelly: Would you say that this played a role in Red Ventures and what it is today, being a behemoth? Language links are at the top of the page across from the title. And there's more to come there, too. I have two amazing teenagers that I love to tears. WebRed Ventures was formed on September 29, 1999, in Fort Mill, South Carolina by Ric Elias and Dan Feldstein. 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. The causes close to the hearts of this years signees range from improving early-childhood education in India to wildcat preservation. Contact an All American Speakers Bureau booking agent. I was really sad. Panthers owner David Tepper buys John We unite through experiences. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Carolina CEO sues over windows, doors in Red Ventures has turned very specific advice into very big business. I think your daughter was in, what, first grade at the time. CNET Red Ventures one day will go to zero. Courtesy Red Ventures. Otherwise, we would have never left the cave. WebRic Elias is the co-founder and CEO of Red Ventures, a portfolio of digital companies headquartered in Charlotte, North Carolina. 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. 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. TED.com translations are made possible by volunteer Safe travels, everyone. We are here to help! 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. As CEO, Silbermann oversaw the April 2019 IPO of the bookmarking site, which today counts more than 454 million users. It's cold as can be. Comments including unnecessary profanity will be deleted. He built up a fortune of at least $800 million from his time at IDEXX Laboratories. I thought that Red Ventures, we would grow it and then sell it. Signing onto the Giving Pledge together, Perkins and Obrecht say they want to do the most good we can do. We have this wildly optimistic belief that there is enough money, goodwill, and good intentions in the world to solve most of the worlds problems, the pair wrote in their pledge letter. He also sits on the board of Amsterdams arts and history museum Rijksmuseum. This site does not include all credit card companies or all available credit card offers. Where residents and visitors alike can share news, events, gatherings, stories, and more. All rights reserved. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 20122023 PA IP, LLC. 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. After a brief stint as Koreas richest person, Kim was knocked from the post in September when it was revealed Kakao was being probed by South Koreas antitrust regulator. How did they come about? Ric Elias 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. It was amazing. I told them, Theres a red line, and theyre like, OK, well see, he said. 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. The home sits in between two key Panthers facilities. Ric Elias Ric Elias: We're just getting started, dude. The lady looked at me like I was crazy, he recalled, but hed figured that if I dont get on a flight right away, I may never fly again and if the next flight goes down, it was me God was coming to see., Youve Never Heard of the Biggest Digital Media Company in America, https://www.nytimes.com/2021/08/15/business/media/red-ventures-digital-media.html. 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. How do we base digital businesses in Puerto Rico? Comments that attack an individual directly will be deleted. He was so moved that he created a book titled How Facing Death Changed My Life (And My Business). Outstanding interview ! Courtesy Red Ventures. I actually moved to the U.S. to come to college and fell in love with this country, so I love two countries now. I think we can become a role model of what can happen in the future, make talent, stay in the island or retain to the island. And if you're not careful, you can ruin it quickly. WebRic Elias is CEO and co-founder of Red Ventures, a portfolio of digital companies headquartered in Charlotte, NC. Charlotte-New York was your You had been doing that route for a long time, right? You may opt-out by. Ric Elias Vlezswife, Mariel Reyes, is the cofounder and CEO of Reprograma, a Brazil-based startup that helps marginalized women with computer programming and job placement. [10][11], On September 14, 2020, Red Ventures agreed to purchase the CNET Media Group from ViacomCBS for $500 million. And I think because we're U.S. citizens, when you're born there, it's really easy to get on a plane, and many people have family here or in Orlando or in other places, so it becomes a much easier immigration story than it will be in other countries where it's not as easy. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. He arrived at Boston College, in 1986, a semester late because hed been trying to make a local professional basketball team, the Leones de Ponce, and speaking what he described as broken English. 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. And I had this feeling of the rebirth of Puerto Rico. I felt for a long time like I was somewhat dreaming. It's a 100 miles x 35 and is very insular. CNET 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. Her experience wasnt uncommon. Improve earnings, maximize rewards and track progress toward dream trips. Ric Elias Ric Elias We were filming some video content for the Citi Prestige that was about to relaunch. WebSee Ric Elias's compensation, career history, education, & memberships. 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. Open Translation Project. 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. The South Carolina campus of Red Ventures, a digital media company with 4,500 employees, some of whom live on site. I know at The Points Guy, we've had 787 cohorts, and the level of energy that they bring to the business is amazing. Sign-up (free) to receive the5 Tactics in my Longevity Toolkitdelivered by email as a 5-day course. Ric Elias 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. BRB. I mean homes that could fit right into Beverly Hills. So they have to perform. The Giving Pledge was founded in 2010 by the billionaire Gates couple, who divorced earlier this year, along with famed investor Warren Buffett, in an effort to better mobilize the worlds wealth toward pressing issues. player who lives nearby. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. And I think The Points Guy really is a platform to unite but also help us dream. They wear their emotions on their sleeves. It's about 70% females and all minorities and all studying really valuable fields for the future of our country. 2008, 2009, 2010, that was the value proposition. The key is, how do you keep that feeling alive? You can listen to this episode above, or find it wherever you get your podcasts! This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Contact an All American Speakers Bureau booking agent for more information on Ric Elias speaking fees, availability, speech topics and cost to hire for your next live or virtual event. 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. While a publisher recommending a gadget on Amazon might earn a single-digit percentage of a shoppers purchase, the bounties paid to Red Ventures for directing a consumer to a Chase Visa Sapphire Reserve credit card or an American Express Rose Gold card can range from $300 to $900 per card. Ric Elias Serving more than 390,000 restaurants and other merchants, the company went public in 2020, making Xu a billionaire. Let's take a quick break right here. It was about three o'clock. Very inciteful. It is hard work. Ric Elias is CEO/Co-Founder at Red Ventures. Red Ventures Courtesy Red Ventures. 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. And you know the feeling is mutual, and I'm just excited about the journey ahead. [1:39:15]; and. 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. Our belief is that people stay in a company if they're growing, and when they stop growing is when they leave. 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. 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. Forward787 puts individuals with a strong interest in revitalizing Puerto Ricos economy through a 12-month program to develop business and technology skills. Comments containing language or concepts that could be deemed offensive will be deleted. She sat down at her kitchen table in Berkeley, Calif., and frantically started Googling to find out what it was. David Velez, the founder and chief executive officer of Nubank, a digital bank based in Sao Paulo, [+] Brazil. #249 How the brain works, Andrews fascinating backstory, improving scientific literacy, and more | Andrew Huberman, Ph.D. movies depicting minor league hockey teams. And the key, I think, for leadership is to make sure that the culture is swimming in kind of the right direction. They have to keep a 3.0, and they have to be super committed. I'm Brian Kelly. 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. 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. Kim and Sul, who have three children, became Giving Pledge signatories in early 2021 with the belief that this pledge is the greatest inheritance that we could provide for our children., Founder and chairman of Kakao (Kim Beom-su), Kim Beom-su is the founder and chairman of Kakao, South Koreas biggest messaging app. She had just heard the captain say: "Brace for impact." 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. Native of Puerto Rico, graduate of Boston College and Harvard Business School. Red Ventures WebRic Elias (on stairs). I didn't know his name at the time. So Golden Door Scholars, which you mentioned, is a scholarship and mentorship program for undocumented kids, DACA kids. Ric Elias Ric Elias: you can see that we turned, so at best, everybody knew something happened to an engine. It just needs an ecosystem. Thank you Peter and Ric. We turned around immediately. You travel enough, and you know when you're going to hit even if you don't see the runway, right? Our culture has changed a lot. Is the future all about our own properties, or is it still finding more strategic partners to work with? The company does offer a maxim-happy workplace, though, with inspirational slogans printed on the walls of its atrium in cheery fonts. 05:11 Elias: It doesn't matter. Ric Elias: Yeah, the stats are not clear. That acquisition included The Points Guy, a site devoted to elucidating airline mileage programs and credit card deals. 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. We'll leave it there. [6], In 2015, the company got a $250 million investment from Silver Lake. Brian Kelly: Did you pick up the language when you were there? Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. It recently occurred to him, he said, that he has spent his career trying to restore the family name. And now Red Ventures is the largest in a group of private equity-backed giants that have been snapping up trusted media brands once left for dead. Ric Elias Red Ventures, which started as a digital marketing company, has attracted serious investments from private equity firms. Ric Elias: You know, it is such a tiny island. Red Ventures is based just over the border in Indian Land, South Carolina. 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. 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. 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.
