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Two of the three cofounders of design unicorn Canva, Perkins and Obrecht are worth an estimated $6.5 billion each. Very inciteful. Comments that attack an individual directly will be deleted. I cover the world's richest people for Forbes. He and other Points Guy writers said they hadnt been pushed to publish stories they found dubious indeed, the site has occasionally offered carefully critical coverage of Chase and American Express, its dominant business partners. And I had this feeling of the rebirth of Puerto Rico. You've got to live in harmony between what you do for a living and how you live your life, and you have to mix them together.". WebRic Elias is the co-founder and CEO of Red Ventures, a portfolio of digital companies headquartered in Charlotte, North Carolina. Ric Elias: I did. And in their training, what you find out is that means we are not landing at a runway. And what we've learned is that if you create value for your consumers, you can build a great business, and that's, I think, the epitome of what The Points Guy is. I was in the first row. The key is, how do you keep that feeling alive? It's a 100 miles x 35 and is very insular. Ric Elias is CEO/Co-Founder at Red Ventures. 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. 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. So right now, we're looking for others that want to apply. 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. And that moment to me was so pure. At the center of the company is Ric Elias, the chief executive and co-founder. Ric Elias: I flew in right after, and seeing Puerto Rico naked was something that I will never forget. And you know what he said to me, Brian? And I said, "There's no such thing. 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. Learn more about the If you lose brand trust, then you dont have a business.. But this is just the beginning. Check here before booking an award fare. 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. 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. They're Latin. Half the time, I don't even know what I am apologizing for. And it gives me a great appreciation. 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? The doors and windows added $1.2 million to the houses price tag, according to the lawsuit, more than four times the cost of an average home in Charlotte. He was so moved that he created a book titled How Facing Death Changed My Life (And My Business). He devoted himself to causes, including a college scholarship program for undocumented immigrants ineligible for state aid, some of whom he has hired. Ric Elias: They're so passionate about the island, and they're super smart. 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. We are going to do this and continue to do this for a long, long time. She can't think straight. Archived post. 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. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. Because that was the first time since that day Did you even see him on the river? 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. We've got a very active reader base, but we spend a lot of money on brand. Brian Kelly: That's great. And the key, I think, for leadership is to make sure that the culture is swimming in kind of the right direction. 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. So companies stopped investing in infrastructure and jobs left. J2 Media, a public company, scooped up the old publisher Ziff Davis with its online brands Mashable and IGN. Many have come back. | Learn more about Ric Elias's work experience, education, connections & more by visiting their profile on LinkedIn In those minutes of fate, the number one thing you're just thinking about is your family? He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. Launched in 2010, the company has grown to encompass tens of millions of users, with its app installed in 90% of the countrys smartphones. And I remember they were just like, "In 10 minutes, you've got to talk to this guy, Ric." [16] The characterization came after the website Futurism found several articles published by Red Ventures properties, including CNET, were quietly written by artificial intelligence software,[17] with the stories containing numerous inaccuracies and instances of plagiarism. I mean homes that could fit right into Beverly Hills. Cookie Notice He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. is the assistant producer for TPG's podcasts. I wouldn't be surprised if we have 50 brands. Brian Kelly: You have lived across the country. 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. 05:11 Elias: It doesn't matter. Brian Kelly: So I sold The Points Guy in 2012 to Bankrate, which was a publicly-traded company. And a lot of things we do don't necessarily make money right off the bat, but we're into this long-term brand game and giving our readers tons of value. The owner of this blog reserves the right to edit or delete any comments submitted to the blog without notice. 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. 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 home sits in between two key Panthers facilities. Charlotte-New York was your You had been doing that route for a long time, right? Elias did not respond to the newspapers request for comment. 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. 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. 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. You know, Puerto Rico has had a massive brain drain. We're incubating a bunch of brands, as you know, and we have lots of plans and ideas. He cofounded Red Ventures So we own about 30 different kind of digital properties, The Points Guy being one of them. You can see Manhattan, right Brian Kelly: So you're in the front, yeah. So you were born in Puerto Rico. player who lives nearby. What exactly do they do?" Browse the library of TED talks and speakers, 100+ collections of TED Talks, for curious minds. It is hard work. Before its 2020 acquisitions, the company has grown into an international presence with more than 100 brands, 3,000 employees, and operations in the United Kingdom and Brazil. I actually moved to the U.S. to come to college and fell in love with this country, so I love two countries now. Brian Kelly: What do you see in five years, The Points Guy brand? And it reminds me of, we are at a best as a country when crises hit. 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. Who are these people? I didn't even know Bankrate was for sale, and one day, I get a call saying, "Hey, Brian. We were filming some video content for the Citi Prestige that was about to relaunch. This is a BETA experience. I'm Brian Kelly. That acquisition included The Points Guy, a site devoted to elucidating airline mileage programs and credit card deals. You may opt-out by. Brian Kelly: So at the TPG Awards this past year, we invited Sully, and you gave an amazing speech. And they were trying to decide, do they go back to LaGuardia, so they got clearance in LaGuardia. Among BDTs first investments was grill-maker Weber, which went public in August 2021 at a $5 billion valuation. Its a step away from the traditional advertising business toward directly selling you stuff. Ric Elias: Oh, yeah. Scan this QR code to download the app now. 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. Thank you Peter and Ric. Less gloomy, I think, is something else that Red Ventures represents: a challenge to the oligopolistic dominance of Amazon over the internet, and a model for independent media companies that have spent a generation either losing their core businesses to cheerfully ruthless tech giants or, at best, living on their scraps. 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. 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 worlds top companies. So some of the other programs that we have, like the Golden Door Scholars, I think these are really amazing programs. AAE Named to Inc. Best Workplaces in 2022. Half the time, I don't even know what I am apologizing for. Ric Elias: You know, it is such a tiny island. And it's amazing what happens when you're not suffering. 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. You now own brands like The Points Guy and Bankrate and Healthline. So we have this very long clock, and what is unique about that is that it allows us to behave differently. There's the integration, the harmony. Ric Elias is the cofounder and CEO of Red Ventures, a digital media company based out of Charlotte, North Carolina. In addition to Lonely Planet, CNET, Healthline and The Points Guy, Red Ventures bought the education advice site BestColleges. So integrating all of it for me was very clarifying. and our [2] The company's corporate headquarters is located in Indian Land, South Carolina, a suburb of Charlotte, North Carolina. What was it like to meet Sully? I left the cave. Ric Elias: I know you had Danny Meyer here recently, and I'm friends with Danny. Brian Kelly: I highly recommend -- Ric has a TED talk, "The three things I learned when my plane crashed." Red Ventures will take a healthy commission on each referral. 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. Ric Elias: The next cohort four will start in April. She had just heard the captain say: "Brace for impact." This is a plane that just got some altitude.. So we ended up on the same side, and after a while I see him standing by himself. 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." And he started transforming Red Ventures, then a middleweight marketing company, into the kind of business where he would want to spend his career. 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. I was going out of business, so it doesn't matter." What is it like to be Puerto Rican? It's a long history there, but there's really very little local industry. . Brian Kelly: So your idea to rebuild Puerto Rico is to invest in incentivize people to return to the island, and the 787 program is the vehicle to do that. Ric Elias: I think it's the integrated marketplace driven by our own brands. In 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. Is the future all about our own properties, or is it still finding more strategic partners to work with? It's about 70% females and all minorities and all studying really valuable fields for the future of our country. She had just heard the captain say: "Brace for impact." Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. 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. 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. BRB. 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. I've been to a couple of their multi million dollar homes and it is rather surreal. Red Ventures has turned very specific advice into very big business. 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. 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 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. Open Translation Project. 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. WebRic Elias is CEO and co-founder of Red Ventures, a portfolio of digital companies headquartered in Charlotte, NC. I think your daughter was in, what, first grade at the time. Ric Elias' Ted Talk: 3 Things I learned While My Plane Crashed, Ric Elias Reunites with Captain Sullenberger a Decade Later at the TPG Awards, Do Not Sell or Share My Personal Information. And we have 200 employees in London and 100 in Brazil and 2,000 in the U.S. We have offices everywhere, so a bit of a mess, but a fun mess. [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. Tirades, Welcome to Charlotte, Things to do, Buying/Selling, and Charity are all weekly topics. 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 returned from that near-death experience determined to remake his life and his company. 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've been to a couple of their multi million dollar homes and it is rather surreal. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. For sites like Wirecutter, internet commerce often means, in practice, serving as an Amazon storefront, with revenue trickling in from modest commissions. She thinks it's the police calling to tell her, "Hey, your husband," or something, right? He was on US Airways Flight 1549 that went into the Hudson, so we're going to hear all about that. They think it's all this thing. So Golden Door Scholars, which you mentioned, is a scholarship and mentorship program for undocumented kids, DACA kids. 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. Puerto Rico's been in a recession for over a decade. Some of them don't even go to private schools. For an explanation of our Advertising Policy, visit. Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. Ric Elias: No, I did see him on the river. 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. Please remember to subscribe to Talking Points, rate the show, and share with your friends. It was about 4,000 or so feet up in the air. Ric Elias: So I got, like, 2.5 million miles in American, and it's because I was doing this monthly trip to Tokyo when I was in my early 20s. Chesley Sullenberger, is also the CEO and co-founder of Red Ventures, TPG's parent company. And we have about 350 of these kids now over the last seven years, and our graduation rate is 99%. For more information on RV and Ric's work with Forward787 and other organizations, visit redventures.com. She's in the pediatrician. 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. [ted.com]. 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. ", In 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. Elias was on Flight 1549 when it unexpectedly landed unhurt on the Hudson River in 2009, an event he claims transformed his life. He launched the company in 2009 after noticing five Brazilian banks controlled 80% of the market and were charging high fees for basic financial products. A lot of people left. If you go back now, not only does the island look back to normal, but I think finally most things, most services, are back up to speed, notwithstanding the complete political meltdown that we've had there in the last Ric Elias: two months, three governors. And it's fun to see. 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. And I've had the greatest run in my marriage, any marriages ever have. [6], In 2015, the company got a $250 million investment from Silver Lake. Related Tags: Information on keynote speaking engagements, personal appearances, corporate entertainment and appearance fees for Ric Elias, an inspirational motivational speaker. 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. So here's a guy, has nothing left Ric Elias: and basically probably his last of his savings, and he gave it to other people. 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. Brian Kelly: I mean, I think part of our culture is giving back; we say, "Leaving the woodpile higher than we found it." 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. This years cohort of signatories features individuals and couples spanning eight countriesfrom the U.S. to India to Australia. Call us to speak with a booking agent to discuss your event or specific speaker request. 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. People are very passionate. Ric Elias: And it's a payback model. In this episode, Elias shares more about Forward787, as well as several other of RV's social impact organizations like Golden Door Scholars, Road to Hire, and LifeSports. In 2015, Red Ventures raised $250 million, which went toward its $1.4 billion purchase of Bankrate, a personal finance company that helps people comparison shop for financial products (and earns a commission on each sale). Right as you're taking off, did you hear the birds go in? So you co-founded it in 2000. Courtesy Red Ventures. Criticism and skepticism can be far more useful than praise and unflinching belief. 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 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. 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. Otherwise, we would have never left the cave. Native of Puerto Rico, graduate of Boston College and Harvard Business School. And eventually we launched a campaign called Rebuild Puerto Rico. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. [12] On December 1, 2020, Red Ventures bought Lonely Planet from Tennessee-based NC2 Media. Our business model's different. AAE is one of the premier celebrity booking agencies and top keynote speakers bureaus in the world. So they're interviewing all of us. Most employees dont receive equity in the company, and lunch isnt free, just subsidized. How do we base digital businesses in Puerto Rico? 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. Are we taking more people in 787? The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. 3 Things I learned When My Plane Crashed.. Ric Elias: Yeah. Copyright 2023 All American Speakers Bureau. That was the first thing you hear from the captain. Elias, a survivor of the US Airways flight 1549 with Capt. Ric, thank you so much for joining us today. 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? Plus, your own feed of TPG content. And Ric was on one of the most historic flights in history. Native of Puerto Rico, graduate of Boston College and Harvard Business School. They couldn't land. Brian Kelly: How have you seen the culture evolve at Red Ventures, and how would you describe our culture to someone who is an outsider? Ric Elias: It is opportunity. Our culture has changed a lot. I think Puerto Rico Brian Kelly: There's a tech hub too in San Juan, right? Please be respectful toward other contributors. You can also follow Ric and Red Ventures on social; @ricelias and @redventures on Twitter, @_ricelias and @redventures on Instagram. 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. And I call and say, "Hey, honey. WebRic Elias is CEO and co-founder of Red Ventures, a portfolio of digital companies headquartered in Charlotte, NC. All the trees were gone, and you could see things that you could never see before. Elias was on Flight 1549 when it unexpectedly landed unhurt on the Hudson River in 2009, an event he claims transformed his life. Its also about a 26-minute drive from the old Eastland mall site, where Tepper plans to build an MLS headquarters. 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. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. Ric Elias: Born and raised. We only accept comment from posters who identify themselves. It's thousands and thousands of decisions over many years. This is not a hand down. Brian Kelly: It's a paid position. If someone's listening saying, "Oh, this Red Ventures company sounds really exciting," we're on the forefront, we're very profitable and innovative, what is the mentality of someone you want to hire entry-level at Red Ventures? Despite a daunting media industry landscape, Red Ventures has found success through its acquisitions of popular sites like Lonely Planet and Healthline. If it stops swimming, it dies. Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. 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. 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. 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. In Puerto Rico, there was this 936 law where it created a lot of manufacturing jobs. 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. Red Ventures one day will go to zero. Ric Elias is the cofounder and CEO of Red Ventures, a digital media company based out of Charlotte, North Carolina. Journalists, like members of a medieval guild (the guild hall is Twitter), tend to be more connected to the folkways of their profession than to any corporate culture, and some roll their eyes at Red Ventures rah-rah retreats, which feature fireworks and song. Let's get to know you. 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. A subreddit for Charlotte, North Carolina. 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. | Learn more about Ric Elias's work experience, education, connections & more by visiting their profile on LinkedIn Brian Kelly: And this year I know we've acquired two big brands, Healthline and HigherEducation.com. Before Maria, there were a lot of crypto startups, and I remember hearing about a lot of people were moving businesses. You know what he said? Brian Kelly: All right. I'm not sure we were on the same boat.