I told them, Theres a red line, and theyre like, OK, well see, he said. Our belief is that people stay in a company if they're growing, and when they stop growing is when they leave. I think Puerto Rico Brian Kelly: There's a tech hub too in San Juan, right? She thinks it's the police calling to tell her, "Hey, your husband," or something, right? 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. Ric Elias Improve earnings, maximize rewards and track progress toward dream trips. Brian Kelly: And so are we employing them, or is the goal for us to get them in with other companies? 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. Ric Elias: Thanks for having me. 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. Where residents and visitors alike can share news, events, gatherings, stories, and more. From there, he earned an M.B.A. at Harvard Business School. If youve heard of Mr. Elias, its probably because youre one of the eight million people who have watched the video of his TED Talk, 3 Things I learned When My Plane Crashed. On the top floor of the main building on the Red Ventures campus, he pointed to his own blurred shape in a painting of passengers walking onto the wings of the Charlotte-bound US Airways Flight 1549, the jetliner that made an emergency landing on the Hudson River in 2009, the so-called Miracle on the Hudson. Mr. Eliass seat was 1D. I didn't want to die, but it wasn't scary, which in itself was clarifying. 05:11 Elias: It doesn't matter. There was smoke in the cabin. #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). Related Tags: Information on keynote speaking engagements, personal appearances, corporate entertainment and appearance fees for Ric Elias, an inspirational motivational speaker. 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 it gives me a great appreciation. Charlotte isn't that largewhere is all of that money coming from? Healthcare investor and philanthropist (Jack Schuler). 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. 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. 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." 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 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. Just like it was done for us, we hope to make investment that will give dreamers and doersparticularly those that are underfunded or are playing from behindthe encouragement and luck necessary to maximize their potential and positively impact the world, they said in their pledge letter. He built up a fortune of at least $800 million from his time at IDEXX Laboratories. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Red Ventures CEO signs pledge to David Velez, the founder and chief executive officer of Nubank, a digital bank based in Sao Paulo, [+] Brazil. 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 in their training, what you find out is that means we are not landing at a runway. Cofounder and CEO of Pinterest (Ben Silbermann). What exactly do they do?" We may receive compensation when you click on links to those products. Red Ventures will take a healthy commission on each referral. Ric Elias Are they old bankers? Ric Elias I bet you five years from now we have Really, I love the romantic notion that we unite through travel. CNET 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. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. Our business model's different. TED.com translations are made possible by volunteer 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. Among BDTs first investments was grill-maker Weber, which went public in August 2021 at a $5 billion valuation. Mr. Elias, who spoke with me in the companys bright and sprawling cafeteria, had played basketball that morning with a former N.B.A. 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. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. So someone that wants to get in that kind of training, I think that we have thousands of these people now that are doing amazing things at a much younger age than they would do anywhere else. Ric Elias In 2019, he launched a podcast,3 Things with Ric Elias, as a continuation of the learning journey he shared on the TED stage. The causes close to the hearts of this years signees range from improving early-childhood education in India to wildcat preservation. 2008, 2009, 2010, that was the value proposition. If it stops swimming, it dies. Tirades, Welcome to Charlotte, Things to do, Buying/Selling, and Charity are all weekly topics. Peter Attia is a physician focusing on the applied science of longevity. WebRic Elias (on stairs). So we have provided tons of value to our partners, huge brands. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. 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. Please remember to subscribe to Talking Points, rate the show, and share with your friends. Ric Elias: They usually start with a phone call on a Saturday where I call somebody who goes, "I have an idea." Courtesy Red Ventures. Ric Elias I hear you are Concierge Key for American Airlines, but they recently kicked you out. 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. And I think that passion is what we're trying to ignite, and going back home will be the beginning of a long journey back. Talking about skillsets, Captain Chesley Sullenberger and the Gimli Glider piloted by Captain Robert Pearson, similiar but different landings. Ric Elias: I think it's the integrated marketplace driven by our own brands. Go deeper into fascinating topics with original video series from TED. They wear their emotions on their sleeves. And if you've never heard about Red Ventures, you're about to learn exactly what we do, and they now own The Points Guy. 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. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. We are here to help! It is a spectacular house. 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. Schuurman is a serial entrepreneur best known for founding the open-source software companies SpringSource and Elastic. Ric Elias: And I remember calling We were in a ferry that picked us up, and someone lent me a phone. 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. I'm Brian Kelly. Brian Kelly: Just the beginning, I can vouch for that. WHO are these extremely rich people It's been almost 20 years. Red Ventures CEO signs pledge to So some of the other programs that we have, like the Golden Door Scholars, I think these are really amazing programs. Ric Elias: I did. Ric Elias: And I realized that it doesn't matter. You now own brands like The Points Guy and Bankrate and Healthline. 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. Brian Kelly: So at the TPG Awards this past year, we invited Sully, and you gave an amazing speech. 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. I've been to a couple of their multi million dollar homes and it is rather surreal. 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. Ric Elias Brian Kelly: And this year I know we've acquired two big brands, Healthline and HigherEducation.com. We unite through discovery. 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." I was proud of what we built before, but I think being a part of Red Ventures has given us new purpose. And the great thing about our culture is a movement takes a follower. All the trees were gone, and you could see things that you could never see before. That really was the only thing that I was going to miss. And he started transforming Red Ventures, then a middleweight marketing company, into the kind of business where he would want to spend his career. People are very passionate. Ric Elias 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. 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. 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 I said, "There's no such thing. So thank you for joining Talking Points Podcast today. Red Ventures is an American media company, which owns and operates brands such as Lonely Planet, CNET, ZDNet, The Points Guy, Healthline and Bankrate. Ric Elias: Yeah, for sure. Before Maria, there were a lot of crypto startups, and I remember hearing about a lot of people were moving businesses. I had a brand new cell phone, and I could not get connection. After the program, RV helps Forward787 graduates find business and technology roles at new or expanding high-growth companies. We only accept comment from posters who identify themselves. 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. 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. All rights reserved. And I call and say, "Hey, honey. Ric Elias: you can see that we turned, so at best, everybody knew something happened to an engine. 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. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. Carolina CEO sues over windows, doors in Right as you're taking off, did you hear the birds go in? And that moment to me was so pure. In Puerto Rico, there was this 936 law where it created a lot of manufacturing jobs. They spent the next few years digging out and repaying their investors, among them their more successful Harvard Business School classmates. 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. One way he achieves this is through RV's Forward787, a "movement focused on revitalizing Puerto Ricos economy." The owner of this blog reserves the right to edit or delete any comments submitted to the blog without notice. The purpose of comments on our site is to expand knowledge, engage in thoughtful discussion, and learn more from readers. New comments cannot be posted and votes cannot be cast. She had just heard the captain say: "Brace for impact." 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." 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.. Websites operated by RV EDU include BestColleges.com, TheBestSchools.org, NurseJournal.org, ComputerScience.org, and Psychology.org, "as well as numerous sites with domain names that imply they're nonprofits".[21]. Brian Kelly: Being a successful entrepreneur, a lot of times you're always grown up. Ric Elias is CEO/Co-Founder at Red Ventures. Would you say that there's a correlation there about the way you do business and thinking less fearfully in the way you do business? BRB. Ric Elias is the CEO and cofounder of Red Ventures, a portfolio of fast-growing digital businesses. 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. So it's all pay it forward. The son of a Swiss immigrant, Schuler has also focused heavily on giving back, including through the Schuler Scholar Program, which he cofounded in 2001 to help underrepresented students succeed in high school and apply to college. 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. Learn more about the I was heading back home to Charlotte. You can see Manhattan, right Brian Kelly: So you're in the front, yeah. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. And I've had the greatest run in my marriage, any marriages ever have. The company found itself in the publishing business almost by accident, and is now leading a shift in that industry toward what is sometimes called intent-based media a term for specialist sites that attract people who are already looking to spend money in a particular area (travel, tech, health) and guide them to their purchases, while taking a cut. Brian Kelly: And so it's been an amazing gift to get that second chance. Some of them don't even go to private schools. He was on US Airways Flight 1549 that went into the Hudson. How did you change as a dad after that? 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. Become a member today to get access. She sat down at her kitchen table in Berkeley, Calif., and frantically started Googling to find out what it was. Ric Elias: You know, I tracked him down. Ric Elias: We ended up in the same pier. 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. Brian Kelly: And in terms of the future, where do you see Red Ventures in several years? What was it like to meet Sully? How did they come about? Tune in weekly and tell your friends -- we love our listeners. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. It's just a really warm culture, and it's a beautiful place. Ric Elias: You know, a lot. 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 is the cofounder and CEO of Red Ventures, a digital media company based out of Charlotte, North Carolina. The Giving Pledge Gains 14 New MembersHere Are [2] The company's corporate headquarters is located in Indian Land, South Carolina, a suburb of Charlotte, North Carolina. Note this may include abusive, threatening, pornographic, offensive, misleading or libelous language. Life was over. And he said something to me that I say to myself all the time when someone thanks me for something. So companies stopped investing in infrastructure and jobs left. And they're thinking it's terrorism. But if you get the right culture, you can go through a lot of evolution and change and come out on top, and I think that's our bet.
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