Brian Kelly: I was in Mexico. We are here to help! Ric, thank you so much for joining us today. In 2019, he launched a podcast,3 Things with Ric Elias, as a continuation of the learning journey he shared on the TED stage. Were not going public, were not selling. He got hit in the head. The Silbermanns fortune comes from the 2010 launch of Pinterest, which Ben Silbermann cofounded alongside Evan Sharp and Paul Sciarra. It also includes 11 people who Forbes lists as billionaires, up from the seven billionaires who signed onto the pledge in 2020 (the total number of new members also increased from 11 last year). Ric Elias Criticism and skepticism can be far more useful than praise and unflinching belief. The former company was acquired by cloud computing company VMware in 2009 for $420 million. Additional new billionaire pledgers this year include Nubank cofounder David Vlez, Pinterest cofounder Ben Silbermann and DoorDash cofounder Tony Xu. Regardless of what the media says, these are the greatest of times to be alive. Theres an, "This is how I would judge my life'Did I earn my gift? Please view our advertising policy page for more information. Red Ventures, which started as a digital marketing company, has attracted serious investments from private equity firms. And the key, I think, for leadership is to make sure that the culture is swimming in kind of the right direction. The couple, who married in January 2021, launched Sydney-based Canva in 2013 with cofounder Cameron Adams. Ric Elias It's been almost 20 years. There was smoke in the cabin. WebSee Ric Elias's compensation, career history, education, & memberships. 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. 2008, 2009, 2010, that was the value proposition. New comments cannot be posted and votes cannot be cast. So Golden Door Scholars, which you mentioned, is a scholarship and mentorship program for undocumented kids, DACA kids. And he started transforming Red Ventures, then a middleweight marketing company, into the kind of business where he would want to spend his career. 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. You may opt-out by. | Learn more about Ric Elias's work experience, education, connections & more by visiting their profile on LinkedIn If you lose brand trust, then you dont have a business.. This $2 Billion Business Swears By the 'Pencil Things Ric Elias Does Differently Now Fantastic conversation appreciate being the fly on the wall. And there's more to come there, too. 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. The owner of this blog reserves the right to edit or delete any comments submitted to the blog without notice. 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. And I had this feeling of the rebirth of Puerto Rico. So we ended up on the same side, and after a while I see him standing by himself. Ric Elias: And it's a payback model. [13], In 2021, the company had 4,500 employees and 751 million readers per month. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. Brian Kelly: Likewise. Ric Elias Ric Elias Become a member today to get access. WebRic Elias is the co-founder and CEO of Red Ventures, a portfolio of digital companies headquartered in Charlotte, North Carolina. 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 I've been to a couple of their multi million dollar homes and it is rather surreal. A lot of people ask me, a lot of our employees, "So how do you think about work/life balance?" You know, Puerto Rico has had a massive brain drain. Brian Kelly: All right. Brian Kelly: Did you ever hear from him again? His wife Bomi Sul founded a social networking service. 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. That really was the only thing that I was going to miss. TED.com translations are made possible by volunteer Thank you Peter and Ric. 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. It's January 15th in New York City. And they're like, "Holy cow. Ric Elias is CEO/Co-Founder at Red Ventures. You lived for a period of time in Japan. The couple, whose intention to join the Giving Pledge was made public in August, say they aim to give back through their respective ventures, but also plan to establish a new family philanthropic platform focused on improving the opportunity set for the most vulnerable and disadvantaged Latin American children and young adults.. WebRic Elias is the co-founder and CEO of Red Ventures, a portfolio of digital companies headquartered in Charlotte, North Carolina. Comments containing language or concepts that could be deemed offensive will be deleted. 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. I'm like, "That doesn't narrow it down. Our culture has changed a lot. This is not Lake Norman. [7] That same year, it doubled the size of its headquarters[8] and bought postal services company Imagitas from Pitney Bowes. Ive always believed that if you're in a position to help somebody, you should do it, Bill Gates said in a statement announcing the new signees. 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. 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. Elias was on Flight 1549 when it unexpectedly landed unhurt on the Hudson River in 2009, an event he claims transformed his life. It's a 100 miles x 35 and is very insular. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. The marketing of financial products promises far higher profit margins than the online affiliate businesses that underlie websites like The New York Timess Wirecutter. We're 19 years into this, and every 18 months it feels like we're doing something different, and it's super exciting. And they're like, "Oh, my God. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. We got pulled into Pier 32, the bulk of us were there waiting. 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. We'll leave it there. 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: You know, I tracked him down. Vaccinated employees have lunch in a dining area on Red Ventures 180-acre campus. CHARLOTTE, N.C. (AP) The CEO of a marketing and technology company has gone to court over what he says are faulty custom-made steel-and-glass windows and doors in his $16 million Charlotte home. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. Brian Kelly: And this year I know we've acquired two big brands, Healthline and HigherEducation.com. And I've had the greatest run in my marriage, any marriages ever have. She can't think straight. Some of them don't even go to private schools. 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. A lot of people think that Puerto Rico is the center of the world, and out of that comes great pride in being Puerto Rican, which is a beautiful thing. 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. 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. WebRic Elias is CEO and co-founder of Red Ventures, a portfolio of digital companies headquartered in Charlotte, NC. So we wiped him out. 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. This is the perch from where Im going to live the rest of my life, he said, describing his thoughts at the time. Comments are welcomed and encouraged. I hear you are Concierge Key for American Airlines, but they recently kicked you out. However, his net worth has since fallen below $1 billion, according to Forbes estimates. 3 things I learned while my plane crashed. How do you Did you go to work the next day? 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. They're as capable as anybody that we have in our platform, but they're super passionate about Puerto Rico. And I remember they were just like, "In 10 minutes, you've got to talk to this guy, Ric." For sites like Wirecutter, internet commerce often means, in practice, serving as an Amazon storefront, with revenue trickling in from modest commissions. Ric Elias: It is opportunity. [1:37:30]; If Ric could go back and talk to himself in the morning before getting on that plane, what would he say? He still is kind of pretty dressed, pretty sharp, like he is Brian Kelly: You guys were in the same boat off the side. Very inciteful. 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). He also sits on the board of Amsterdams arts and history museum Rijksmuseum. For more information on RV and Ric's work with Forward787 and other organizations, visit redventures.com. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 20122023 PA IP, LLC. CNET But Points Guy journalists are required to attend regular business meetings detailing how much money the site makes from credit card sales, which some take as a tacit suggestion to put their thumbs on the scale. Brian Kelly: So I sold The Points Guy in 2012 to Bankrate, which was a publicly-traded company. Anonymous comments will be deleted. Brian Kelly: Did you really go from the Hudson back to LaGuardia? It is a spectacular house. We only accept comment from posters who identify themselves. And you know what he said to me, Brian? Ric Elias is the cofounder and CEO of Red Ventures, a digital media company based out of Charlotte, North Carolina. 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. Divya, an alumna of Facebook and Eventbrite, runs the familys newly formed philanthropic entity, Tambourine, which has made donations to support ALS research and an association linked to the disease. 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. And many thanks to our guest, Ric Elias, co-founder and CEO of Red Ventures. And if I get on this flight, and it goes down, and I survive again then Oprah Winfrey's got nothing on me.". 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. Thats the context in which Red Ventures a company that backed its way into media after specializing in online marketing makes sense. The first cohort of 35 is going back this December. We're not preparing ourselves for a photo op moment when we're going to go public. And they're thinking it's terrorism. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. And then we'll have a class for college graduates in late summer. Brian Kelly: What do you see in five years, The Points Guy brand? And I often think if we just viewed our success as a responsibility to do our jobs and not as a privilege, I think life will be a little better for everybody.