[3], Red Ventures was formed on September 29, 1999,[4] in Fort Mill, South Carolina by Ric Elias and Dan Feldstein. Red Ventures has turned very specific advice into very big business. Half the time, I don't even know what I am apologizing for. That acquisition included The Points Guy, a site devoted to elucidating airline mileage programs and credit card deals. Brian Kelly: What's the biggest thing you've learned by acquiring The Points Guy? I mean homes that could fit right into Beverly Hills. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. 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. 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. [10][11], On September 14, 2020, Red Ventures agreed to purchase the CNET Media Group from ViacomCBS for $500 million. 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. 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. Brian Kelly: That's it for this episode of Talking Points. 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. 2008, 2009, 2010, that was the value proposition. 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. Related Tags: Information on keynote speaking engagements, personal appearances, corporate entertainment and appearance fees for Ric Elias, an inspirational motivational speaker. 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. She thinks it's the police calling to tell her, "Hey, your husband," or something, right? He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. Xu is the CEO of DoorDash, the restaurant delivery service he founded in 2013 with fellow Stanford University students Andy Fang and Stanley Tang. Thats the context in which Red Ventures a company that backed its way into media after specializing in online marketing makes sense. I did the next morning. 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 to do that, we need really smart people. Anative 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 [7] That same year, it doubled the size of its headquarters[8] and bought postal services company Imagitas from Pitney Bowes. Chesley Sullenberger, is also the CEO and co-founder of Red Ventures, TPG's parent company. So we have this very long clock, and what is unique about that is that it allows us to behave differently. Brian Kelly: And in terms of the future, where do you see Red Ventures in several years? 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. Including a link to relevant content is permitted, but comments should be relevant to the post topic. AAE is one of the premier celebrity booking agencies and top keynote speakers bureaus in the world. The causes close to the hearts of this years signees range from improving early-childhood education in India to wildcat preservation. J2 Media, a public company, scooped up the old publisher Ziff Davis with its online brands Mashable and IGN. Brian Kelly: Were you trying were people trying to use their cell phones? You can see Manhattan, right Brian Kelly: So you're in the front, yeah. Mr. Elias and Mr. Feldstein sold the business to management in 2005 and started again under the name Red Ventures, becoming pioneers in that eras efforts to link digital data and real world commerce. Native of Puerto Rico, graduate of Boston College and Harvard Business School. Those got phased out about 15 years ago. Anative of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GEs Financial Management program. The former company was acquired by cloud computing company VMware in 2009 for $420 million. The first cohort of 35 is going back this December. He cofounded Red Ventures How did they come about? Ric Elias: They're so passionate about the island, and they're super smart. We may receive compensation when you click on links to those products. 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. TED Conferences, LLC. They couldn't land. So you were born in Puerto Rico. 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. 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. Brian Kelly: You have two beautiful children. | Learn more about Ric Elias's work experience, education, connections & more by visiting their profile on LinkedIn He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. WebRed Ventures was formed on September 29, 1999, in Fort Mill, South Carolina by Ric Elias and Dan Feldstein. All rights reserved. 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. Brian Kelly: And so are we employing them, or is the goal for us to get them in with other companies? Become a member today to get access. You now own brands like The Points Guy and Bankrate and Healthline. 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. 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." But these people are multi-millionaires. Heres some background on who they are and what theyre planning to do with their wealth (each pledger publishes a letter with their plans included): Founder and chairman of Vedanta Resources, Known for turning a tiny scrap metal business into a global natural resource company, Agarwal has accumulated a multi-billion dollar fortune through his ownership of London-headquartered Vedanta Resources.. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. Okay, great.". I was really sad. They spent the next few years digging out and repaying their investors, among them their more successful Harvard Business School classmates. Brian Kelly: Just the beginning, I can vouch for that. Ric Elias is the CEO and cofounder of Red Ventures, a portfolio of fast-growing digital businesses. 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." He was so moved that he created a book titled How Facing Death Changed My Life (And My Business). There was smoke in the cabin. 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. But Red Ventures has succeeded by building a tech and media company that is independent of that particular Goliath, if not of another one Google. So companies stopped investing in infrastructure and jobs left. However, Whitlocks attorney said that while her client built the home, the company didnt pick out or install the windows and doors. 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. #249 How the brain works, Andrews fascinating backstory, improving scientific literacy, and more | Andrew Huberman, Ph.D. movies depicting minor league hockey teams. North Equity bought Popular Science, Domino and Field & Stream, along with the mens site Mel. I was proud of what we built before, but I think being a part of Red Ventures has given us new purpose. 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. I was heading back home to Charlotte. I think Puerto Rico Brian Kelly: There's a tech hub too in San Juan, right? I had a brand new cell phone, and I could not get connection. We're not exactly a digital media enterprise. Brian Kelly: Likewise. And he said something to me that I say to myself all the time when someone thanks me for something. Compare the cost in points or miles to cash, and see which option is best. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. Ric Elias: Oh, yeah. After launching The Trade Desk in 2009, he watched its valueand his own fortuneskyrocket following its successful IPO in 2016. Russias War On Ukraine: News And Information From Ukraine, Serious Omissions In Senate Probe Clearing Brett Kavanaugh Of Sexual Assault, Report Says, One-Hour Diabetes Procedure Offers Fresh Hope For Ditching Insulin, who disclosed his participation in The Giving Pledge last month. The purpose of comments on our site is to expand knowledge, engage in thoughtful discussion, and learn more from readers. Red Ventures is all about profit maximization, said JT Genter, who left the site more than a year ago. 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. 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? [1:35:30]; What is the most challenging part of your business today? It's just a really warm culture, and it's a beautiful place. [19][20], Futurism additionally highlighted undisclosed AI-generated, SEO-focused content produced by Red Ventures's education division (internally RV EDU). John Logger. It's thousands and thousands of decisions over many years. Ric dives deep into how that day impacted his life, greatly changed his perspective, and improved his relationship with his famil *If you enjoy this podcast, you are sure to enjoy 3 Things with Ric Eliasa podcast that gleans insights from remarkable people and hosted by Ric himself (Listen on Apple Podcasts, Spotify, or Google Play)*, Subscribe to The Drive: APPLE PODCASTS | RSS | GOOGLE | OVERCAST | STITCHER. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. In addition to Lonely Planet, CNET, Healthline and The Points Guy, Red Ventures bought the education advice site BestColleges. 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. And that moment to me was so pure. Comments requesting medical advice will not be responded to, as I am not legally permitted to practice medicine over the internet. Courtesy Red Ventures. The home sits in between two key Panthers facilities. So it's all pay it forward. Brian Kelly: It's a paid position. 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. is the assistant producer for TPG's podcasts. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. (Mr. Diller, a more typically immodest media figure, said in an email that he finds Mr. Elias impressive but that there is only one Barry Diller: I think of myself as all points on the compass.). 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. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. 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? I'm in Quail hollow, and while I stay in a small home, with the help of google maps and zillow I've come to find out that I stay 4 mins away from multiple houses that are worth over $4,000,000. It's cold as can be. I told them, Theres a red line, and theyre like, OK, well see, he said. 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 if I get on this flight, and it goes down, it was me God was coming to see, so what are the odds? 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. After the program, RV helps Forward787 graduates find business and technology roles at new or expanding high-growth companies. I didn't even know Bankrate was for sale, and one day, I get a call saying, "Hey, Brian. Brian Kelly: That's great. Where residents and visitors alike can share news, events, gatherings, stories, and more. [13], In 2021, the company had 4,500 employees and 751 million readers per month. Peter Attia is a physician focusing on the applied science of longevity. Ric Elias is CEO/Co-Founder at Red Ventures. And I heard Danny once said about culture that it's like a shark. Its also about a 26-minute drive from the old Eastland mall site, where Tepper plans to build an MLS headquarters. However, his net worth has since fallen below $1 billion, according to Forbes estimates. It's a 100 miles x 35 and is very insular. You can either give your life to work or give your life to family. We'll leave it there. Red Ventures, as is, will never be a public company as long as Im running it.. One way he achieves this is through RV's Forward787, a "movement focused on revitalizing Puerto Ricos economy." 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. Ric Elias: Yeah, for sure. You travel enough, and you know when you're going to hit even if you don't see the runway, right? I think your daughter was in, what, first grade at the time. So some of the other programs that we have, like the Golden Door Scholars, I think these are really amazing programs. 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: And I remember calling We were in a ferry that picked us up, and someone lent me a phone. Brian Kelly: All right. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. It has since grown to encompass signatories spanning 28 countries and ranging in age from 34 to 98, among whom are some of the worlds most high-profile billionaires like Mark Zuckerberg, MacKenzie Scott and Elon Musk. I was in a great seat because I can see the flight attendants. 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. 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. Ric Elias: Kind of as we're coming down, and I'm counting down in my head. Ric also has a really interesting past as an ultra-frequent traveler and was on one of the most historic flights in history. Its also about a 26-minute drive from the old Eastland mall site, where Tepper plans to build an MLS headquarters. I have many, many other jobs. I wouldn't be surprised if we have 50 brands. In line with the data-driven operations of The Trade Desk, Green, who disclosed his participation in The Giving Pledge last month, said he plans to invest in projects where we can apply data to understand progress, mistakes and opportunities. He noted a particular interest in improving access to education, which he described as the great equalizer., Founder and CEO of Shift4 Payments (Jared Isaacman), Started out of his parents New Jersey basement when he was 16 years old, Jared Isaacman runs the Allentown, Pennsylvania-based payment processing firm Shift4 Payments. This years cohort of signatories features individuals and couples spanning eight countriesfrom the U.S. to India to Australia. I think we got plenty going on right now. Ric Elias: I know you had Danny Meyer here recently, and I'm friends with Danny. But you've been incredibly generous." He returned from that near-death experience determined to remake his life and his company. Vaccinated employees have lunch in a dining area on Red Ventures 180-acre campus. 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. WebSee Ric Elias's compensation, career history, education, & memberships. 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. She sat down at her kitchen table in Berkeley, Calif., and frantically started Googling to find out what it was. Ric Elias: They usually start with a phone call on a Saturday where I call somebody who goes, "I have an idea." 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. 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. If you lose brand trust, then you dont have a business.. #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). 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. Ric Elias: Right. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. The "787" is a play on one of the telephone area codes used in Puerto Rico. This is not Lake Norman. Ric Elias: You know, I tracked him down. Tune in weekly and tell your friends -- we love our listeners. And I remember they were just like, "In 10 minutes, you've got to talk to this guy, Ric." 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). I've been to a couple of their multi million dollar homes and it is rather surreal. He built up a fortune of at least $800 million from his time at IDEXX Laboratories.
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