I think your daughter was in, what, first grade at the time. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. What happened that day made the annals of aviation as the "Miracle on the Hudson," with everybody surviving with no serious injuries. Elias, a survivor of the US Airways flight 1549 with Capt. Brian Kelly: And this year I know we've acquired two big brands, Healthline and HigherEducation.com. Ric Elias is the cofounder and CEO of Red Ventures, a digital media company based out of Charlotte, North Carolina. 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. This years cohort of signatories features individuals and couples spanning eight countriesfrom the U.S. to India to Australia. Ric, I just want to say thank you for, like I said, being a mentor and a friend to me and truly breathing a lot of fresh new life into The Points Guy. Ric Elias: Kind of as we're coming down, and I'm counting down in my head. 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. Launched in 2010, the company has grown to encompass tens of millions of users, with its app installed in 90% of the countrys smartphones. Become a member today to get access. 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. Ric Elias: Yeah. How do you Did you go to work the next day? Elias's leadership style and personal life are deeply influenced by his experience as a survivor of Flight 1549, also known as the "Miracle on the Hudson." player who lives nearby. 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. Please remember to subscribe to Talking Points, rate the show, and share with your friends. And we think that there's many other ways we can take this brand, and you will be leading this effort. So I learned enough to be dangerous. Open Translation Project. The causes close to the hearts of this years signees range from improving early-childhood education in India to wildcat preservation. So our responsibility is to make people uncomfortable by keep putting opportunities in front of them. He was taken elsewhere after the crash. Anyone can read what you share. There's the integration, the harmony. Were going to have a chance to be an alternative to the big walled gardens, Mr. Elias said of his company. He persuaded key investors the private equity firms General Atlantic and Silver Lake each own about 20 percent to back an ambitious expansion. 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. 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. Its also about a 26-minute drive from the old Eastland mall site, where Tepper plans to build an MLS headquarters. We need you to talk to Ric Elias, the CEO of Red Ventures.". 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. Elias was on Flight 1549 when it unexpectedly landed unhurt on the Hudson River in 2009, an event he claims transformed his life. The key is, how do you keep that feeling alive? Brian Kelly: That's great. Note this may include abusive, threatening, pornographic, offensive, misleading or libelous language. 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. Red Ventures, for instance, plans to steer readers of Healthline to doctors or drugs found on another site it recently acquired, HealthGrades, which rates and refers doctors. Ric Elias: No, I did see him on the river. 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. 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. That really was the only thing that I was going to miss. So Golden Door Scholars, which you mentioned, is a scholarship and mentorship program for undocumented kids, DACA kids. She had just heard the captain say: "Brace for impact." 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. Despite a daunting media industry landscape, Red Ventures has found success through its acquisitions of popular sites like Lonely Planet and Healthline. And you know the feeling is mutual, and I'm just excited about the journey ahead. 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. Are they old bankers? And over time, the bet is that we will have a data repository that will give us a competitive advantage giving consumers what they want in our own network. Comments requesting medical advice will not be responded to, as I am not legally permitted to practice medicine over the internet. She sat down at her kitchen table in Berkeley, Calif., and frantically started Googling to find out what it was. Learn more about the I didn't want to die, but it wasn't scary, which in itself was clarifying. Let's take a quick break right here. 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. Ric Elias: And it's a payback model. This is hand up. Ric Elias: Yeah. 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. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. 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. Elias did not respond to the newspapers request for comment. 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. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Ric Elias: We're just getting started, dude. Nor did Craig Dixon, who is named along with his architectural firm, or Scott Whitlock, president of Whitlock Builders. 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. 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: And I realized that it doesn't matter. Your podcasts are top shelf !! I'll see you in a minute. Brian Kelly: Did you ever hear from him again? I'm talking glen eagles road and wing bourne. 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. 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. They spent the next few years digging out and repaying their investors, among them their more successful Harvard Business School classmates. 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. They took us to a hotel, and then at the hotel, I'm like, "When's the next flight?" I have two amazing teenagers that I love to tears. He was so moved that he created a book titled How Facing Death Changed My Life (And My Business). Brian Kelly: Being in row one, you could see the flight attendants. If it stops swimming, it dies. I have many, many other jobs. Another 14 of the worlds wealthiest agreed to join Bill Gates, Melinda French Gates and Warren Buffetts Giving Pledge in 2021, bringing the total number of philanthropists who have vowed to donate most of their fortunes either before or after their deaths to 231, according to a Tuesday announcement. Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. 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. There was smoke in the cabin. 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. And I heard Danny once said about culture that it's like a shark. And he said something to me that I say to myself all the time when someone thanks me for something. Why does it take a crisis to be Americans above other things? What would you say to someone like me who wants to do both things? AAE Named to Inc. Best Workplaces in 2022. Ric Elias: And the first thing they hear. 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. 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. The purpose of comments on our site is to expand knowledge, engage in thoughtful discussion, and learn more from readers. The South Carolina campus of Red Ventures, a digital media company with 4,500 employees, some of whom live on site. Healthcare investor and philanthropist (Jack Schuler). I could order a beer and not get lost in a taxi, but that was about it. After the program, RV helps Forward787 graduates find business and technology roles at new or expanding high-growth companies. 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. Brian Kelly: Would you say that this played a role in Red Ventures and what it is today, being a behemoth? Ric Elias is CEO/Co-Founder at Red Ventures. 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 told them, Theres a red line, and theyre like, OK, well see, he said. If people listening know people who are interested, is there a way to apply? And there's more to come there, too. 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." Ric Elias: I think it's the integrated marketplace driven by our own brands. So we ended up on the same side, and after a while I see him standing by himself. I've been to a couple of their multi million dollar homes and it is rather surreal. 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. Courtesy Red Ventures. Native of Puerto Rico, graduate of Boston College and Harvard Business School. John Logger. (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.). We do deep integrations with our partners so that we can provide a much better customer experience. You know, Puerto Rico has had a massive brain drain. And he started transforming Red Ventures, then a middleweight marketing company, into the kind of business where he would want to spend his career. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. Brian Kelly: You have lived across the country. Ric Elias: You know, I tracked him down. 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." Ric Elias: And I remember calling We were in a ferry that picked us up, and someone lent me a phone. Ric Elias: Yeah. 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. Comments that harass other posters will be deleted. In Puerto Rico, there was this 936 law where it created a lot of manufacturing jobs. She thought I was dead. Ric Elias: What is really fun is digitization of every industry's just starting. 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. They couldn't land. 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. There's a massive explosion, almost like a pipe bomb. 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. And I dont think we have anything to celebrate or tell.. The owner of this blog reserves the right to edit or delete any comments submitted to the blog without notice. Ric dives deep into how that day impacted his life, greatly changed his perspective, and improved his relationship with his family and the broader community. And I said, "There's no such thing. In 2000, he and a friend, Dan Feldstein, who is now the chief marketing officer of Red Ventures, started a business built on the notion of driving online shoppers to physical stores. Brian Kelly: Were you trying were people trying to use their cell phones? 05:11 Elias: It doesn't matter. Ric dives deep into how that day impacted his life, greatly changed his perspective, and improved his relationship with his famil Talking about skillsets, Captain Chesley Sullenberger and the Gimli Glider piloted by Captain Robert Pearson, similiar but different landings. So on that plane ride I said, "You know what? Brian Kelly: So you, as a successful Puerto Rican entrepreneur, you did a lot for the island. He got hit in the head. Including a link to relevant content is permitted, but comments should be relevant to the post topic. They have to keep a 3.0, and they have to be super committed. It's just a really warm culture, and it's a beautiful place. 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. 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). [7] That same year, it doubled the size of its headquarters[8] and bought postal services company Imagitas from Pitney Bowes. Terms apply to the offers listed on this page. What is it like to be Puerto Rican? North Equity bought Popular Science, Domino and Field & Stream, along with the mens site Mel. The "787" is a play on one of the telephone area codes used in Puerto Rico. Ric Elias is CEO/Co-Founder at Red Ventures. 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. And Ric was on one of the most historic flights in history. He said hed told a surprised agent he wanted the next flight out. So thank you for joining Talking Points Podcast today. What was it like to meet Sully? However, Whitlocks attorney said that while her client built the home, the company didnt pick out or install the windows and doors. Half the time, I don't even know what I am apologizing for. A startup community that doesn't have kind of the next layer of infrastructure and investment, it's hard for it to grow, but I think Puerto Rico is on the right track in that dimension. 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. And I've had the greatest run in my marriage, any marriages ever have. This was a pretty high-tech form of digital surveillance in those more innocent times. Theres an, "This is how I would judge my life'Did I earn my gift? Both pilots had been in the airforce and both were glider pilots. And in their training, what you find out is that means we are not landing at a runway. Safe travels, Ric. Ric Elias: Oh, yeah. 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. All American Entertainment Named to Inc. Best Workplaces in 2022. At the center of the company is Ric Elias, the chief executive and co-founder. 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? 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 company weathered the storm; by 2007 it was ranked fourth on theInc.500 list, and in 2015 the company was valuated at more than $1 billion. And it reminds me of, we are at a best as a country when crises hit. Its also about a 26-minute drive from the old Eastland mall site, where Tepper plans to build an MLS headquarters. We got pulled into Pier 32, the bulk of us were there waiting. Brian Kelly: Who should work at Red Ventures, and maybe, who shouldn't? 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. 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. You're not struggling, but you know it's over. So we have provided tons of value to our partners, huge brands. Not 90% -- you're either going to blow up or break into pieces. Red Ventures is all about profit maximization, said JT Genter, who left the site more than a year ago. 2008, 2009, 2010, that was the value proposition. TED Conferences, LLC. 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, 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. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. 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. The former company was acquired by cloud computing company VMware in 2009 for $420 million. 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. #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). And this first responder is amazing. Some of them don't even go to private schools. There were 4 million Puerto Ricans, and now, the island has about 3.1, 3.2, so Brian Kelly: And is that after Because I know even after Maria there was an even bigger rush out. I'm like, "That doesn't narrow it down. 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. Contact an All American Speakers Bureau booking agent. I was given the gift, and that gift is a responsibility. They wear their emotions on their sleeves. Elias's leadership style and personal life are deeply influenced by his experience as a survivor of Flight 1549, also known as the "Miracle on the Hudson." 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. 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. It's very hard to get in. Ric Elias: I know you had Danny Meyer here recently, and I'm friends with Danny. | Learn more about Ric Elias's work experience, education, connections & more by visiting their profile on LinkedIn A lot of people left. Ric, thank you so much for joining us today. After launching The Trade Desk in 2009, he watched its valueand his own fortuneskyrocket following its successful IPO in 2016. He was on US Airways Flight 1549 that went into the Hudson, so we're going to hear all about that. It is hard work. And its executives seem to have absorbed the idea that they are selling trust, even if they dont put it in the language of journalism professors. Additional new billionaire pledgers this year include Nubank cofounder David Vlez, Pinterest cofounder Ben Silbermann and DoorDash cofounder Tony Xu. A lot of people ask me, a lot of our employees, "So how do you think about work/life balance?"