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. Safe travels, Ric. And I've had the greatest run in my marriage, any marriages ever have. 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. Ric Elias: We're just getting started, dude. Ric Elias: Oh, yeah. Ric Elias: And it's a payback model. And so did that change the way that you parent? North Equity bought Popular Science, Domino and Field & Stream, along with the mens site Mel. So our responsibility is to make people uncomfortable by keep putting opportunities in front of them. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. Please remember to subscribe to Talking Points, rate the show, and share with your friends. 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. Launched in 2010, the company has grown to encompass tens of millions of users, with its app installed in 90% of the countrys smartphones. Ric Elias Not 90% -- you're either going to blow up or break into pieces. 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. But this is just the beginning. Thank you Peter and Ric. Brian Kelly: What's the biggest thing you've learned by acquiring The Points Guy? You're sitting there. After launching The Trade Desk in 2009, he watched its valueand his own fortuneskyrocket following its successful IPO in 2016. 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. I was really sad. They couldn't land. Anative of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GEs Financial Management program. Have we taken everyone? We may receive compensation when you click on links to those products. And you know what he said to me, Brian? I said, "Captain," I introduce myself, and I said, "I just want to thank you for saving our lives." Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. He was taken elsewhere after the crash. With previous philanthropy including more than $365 million in donations to St. Jude Childrens Research Hospital (both through personal donations and fundraising), Isaacson and his wife, Monica, say they feel an obligation to make the world a better place than we found it., Kim Bongjin founded Woowa Brothers Corp., which operates South Koreas largest food delivery service, known as Baemin. John Logger. So they have to perform. 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. The Giving Pledge Gains 14 New MembersHere Are 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. Those got phased out about 15 years ago. Please make sure to subscribe wherever you get your podcast. I've been to a couple of their multi million dollar homes and it is rather surreal. Brian Kelly: So I sold The Points Guy in 2012 to Bankrate, which was a publicly-traded company. 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. I wouldn't be surprised if we have 50 brands. Ric Elias: Like, completely. And it's amazing what happens when you're not suffering. It's very hard to get in. 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. 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. This is not Myers Park. [13], In 2021, the company had 4,500 employees and 751 million readers per month. Contact an All American Speakers Bureau booking agent. And I said, "There's no such thing. Ric Elias: You know, I still struggle with English. This comment policy is subject to change at any time. Thats the context in which Red Ventures a company that backed its way into media after specializing in online marketing makes sense. The Silbermanns fortune comes from the 2010 launch of Pinterest, which Ben Silbermann cofounded alongside Evan Sharp and Paul Sciarra. Brian Kelly: I highly recommend -- Ric has a TED talk, "The three things I learned when my plane crashed." That acquisition included The Points Guy, a site devoted to elucidating airline mileage programs and credit card deals. I felt for a long time like I was somewhat dreaming. 3 Things I learned When My Plane Crashed.. Ric also has a really interesting past as an ultra-frequent traveler and was on one of the most historic flights in history. Things Ric Elias Does Differently Now The home sits in between two key Panthers facilities. Elias was on Flight 1549 when it unexpectedly landed unhurt on the Hudson River in 2009, an event he claims transformed his life. Still reeling from the catastrophic incident, Ayers said he turned to philanthropy as a sort of mental therapy. Sitting on the hospital bed, its what gave me the purpose and what gave me the strength to get through the challenges, he told Forbes in a phone interview. Anonymous comments will be deleted. How did you change as a dad after that? Terms apply to the offers listed on this page. I know at The Points Guy, we've had 787 cohorts, and the level of energy that they bring to the business is amazing. Its also about a 26-minute drive from the old Eastland mall site, where Tepper plans to build an MLS headquarters. 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. 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. 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. Ric Elias: And I realized that it doesn't matter. WebRic Elias is the co-founder and CEO of Red Ventures, a portfolio of digital companies headquartered in Charlotte, North Carolina. The one I heard executives refer to most was Everything Is Written in Pencil, a motto that makes sense for a company that has changed almost entirely from its marketing origins to become a leading purveyor of service journalism. In their letter, the couple describe the pledge as their starting point and say they plan to engage in efforts to address social issues in the areas that businesses cannot reach, including through discovering and supporting 100 innovators who are dedicated to building proactive solutions for social enterprises and foundations.. the Biggest Digital Media Red Ventures CEO signs pledge to Panthers owner David Tepper buys John Specifically, Ayers said he is invested in protecting small cats because he noticed 99% of the philanthropic focus on cats was on big cats. He also donates to causes related to spinal cord injuries. What happened to him?" I didn't want to die, but it wasn't scary, which in itself was clarifying. Red Ventures I didn't even know Bankrate was for sale, and one day, I get a call saying, "Hey, Brian. Excellent podcast. Ric Elias: They're so passionate about the island, and they're super smart. Ric Elias: And I remember calling We were in a ferry that picked us up, and someone lent me a phone. Ric Elias: It's neat. In those minutes of fate, the number one thing you're just thinking about is your family? Ric Elias For an explanation of our Advertising Policy, visit. 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. [2] The company's corporate headquarters is located in Indian Land, South Carolina, a suburb 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. 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. 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. Archived post. player who lives nearby. Ric Elias: They usually start with a phone call on a Saturday where I call somebody who goes, "I have an idea." And we helped a lot of brands kind of become digitized in their acquisition. He said hed told a surprised agent he wanted the next flight out. [ted.com]. 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. Brian Kelly: Did you really go from the Hudson back to LaGuardia? In particular, he wants to continue with a project he has already started in collaboration with the Indian government: building a network of early childhood care centers aimed at leveling the playing field so all children can reach their full potential irrespective of the background they come from.. Panthers owner David Tepper buys John Red Ventures CEO signs pledge to He was on US Airways Flight 1549 that went into the Hudson. Ric Elias is the co-founder and CEO of Red Ventures. Right as you're taking off, did you hear the birds go in? 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. 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. Schuurman is a serial entrepreneur best known for founding the open-source software companies SpringSource and Elastic. And I know we're super excited about some of this stuff that you've got coming out on your app and all these things. The home sits in between two key Panthers facilities. He and his wife, Brenda, are passionate about economic mobility for underserved young adults. The marketing of financial products promises far higher profit margins than the online affiliate businesses that underlie websites like The New York Timess Wirecutter. 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). It was about 4,000 or so feet up in the air. 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. This site does not include all credit card companies or all available credit card offers. And they're thinking it's terrorism. 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. Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. 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. Scan this QR code to download the app now. They have to keep a 3.0, and they have to be super committed. We need you to talk to Ric Elias, the CEO of Red Ventures.". Ric Elias: Born and raised. Two of the three cofounders of design unicorn Canva, Perkins and Obrecht are worth an estimated $6.5 billion each. 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. There was smoke in the cabin. WebRic Elias (on stairs). This is the perch from where Im going to live the rest of my life, he said, describing his thoughts at the time. Brian Kelly: Being a successful entrepreneur, a lot of times you're always grown up. The South Carolina campus of Red Ventures, a digital media company with 4,500 employees, some of whom live on site. ", 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. Ric Elias Ric Elias: Why is it an or and not an and? Ric Elias 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.