Ric Elias: I know you had Danny Meyer here recently, and I'm friends with Danny. Anative of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GE's Financial Management program. And it gives me a great appreciation. 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. Improve earnings, maximize rewards and track progress toward dream trips. You know, Puerto Rico has had a massive brain drain. This years cohort of signatories features individuals and couples spanning eight countriesfrom the U.S. to India to Australia. Red Ventures has turned very specific advice into very big business. Let's take a quick break right here. It's just a really warm culture, and it's a beautiful place. Life was over. And that moment to me was so pure. And we made an announcement that we would train Puerto Ricans in Charlotte for 15 months, and we will send them back with real capital and some digital assets and start building a real digital economy there. 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. All American Speakers Bureau is a full-service talent booking agency providing information on booking Ric Elias for speaking engagements, personal appearances and corporate events. 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? Our fundamental belief is culture is a competitive advantage. And what we realized is that it was better to own the brands and then connect deeply to the partners than just to work on behalf of the partners. He was on US Airways Flight 1549 that went into the Hudson. You travel enough, and you know when you're going to hit even if you don't see the runway, right? [13], In 2021, the company had 4,500 employees and 751 million readers per month. Ric Elias: It's neat. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. Fantastic conversation appreciate being the fly on the wall. Ric Elias is CEO/Co-Founder at Red Ventures. Comments including unnecessary profanity will be deleted. And he started transforming Red Ventures, then a middleweight marketing company, into the kind of business where he would want to spend his career. Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. We'll run a soft credit check to find special offers, but it wont affect your credit score. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. Ric Elias: You know, it is such a tiny island. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). We need you to talk to Ric Elias, the CEO of Red Ventures.". 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. I was going out of business, so it doesn't matter." 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. That was the first thing you hear from the captain. 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. JPMorgan Chase Agrees To Acquire First Republic Banks Deposits After It Is Shut Down By Regulators, First Republic Bank Reportedly On Verge Of Collapse, Chief Justice John Roberts Wife Made Over $10 Million As Legal Consultant, Report Says, GOP Scores Early 2024 Win: N.C. Ruling Likely Hands Party More House Seats, Think It, Do It, Be It: The Magic Of Acting As If, Friday, April 28. 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. And we believe in high bars. It was about 4,000 or so feet up in the air. 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. Red Ventures one day will go to zero. There's been no more humbling role in my life than being a dad because so many things that you think are right and so many things that you take as true facts are not. That has helped push the pendulum back toward the old-fashioned idea of connecting with readers seeking information relevant to their lives, whether its a Field & Stream article on the latest fly rods or a Healthline guide to Crohns disease treatments. WebRed Ventures was formed on September 29, 1999, in Fort Mill, South Carolina by Ric Elias and Dan Feldstein. Ric Elias: Thanks for having me. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. Courtesy Red Ventures. So we wiped him out. How do we base digital businesses in Puerto Rico? 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. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. She can't think straight. 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. She sat down at her kitchen table in Berkeley, Calif., and frantically started Googling to find out what it was. [ted.com]. Cookie Notice And I was furiously Googling you and Red Ventures, and everyone's saying, "Oh, it's like the Google of the East Coast." 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. So my thing is spinning and spinning and spinning, and then at some point, I just put it down. 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. And this first responder is amazing. translators. You can see Manhattan, right Brian Kelly: So you're in the front, yeah. Brian Kelly: What do you see in five years, The Points Guy brand? Why does it take a crisis to be Americans above other things? 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. After launching The Trade Desk in 2009, he watched its valueand his own fortuneskyrocket following its successful IPO in 2016. So we have this very long clock, and what is unique about that is that it allows us to behave differently. 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. 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. She thought I was dead. WebSee Ric Elias's compensation, career history, education, & memberships. 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. We do deep integrations with our partners so that we can provide a much better customer experience. She had just heard the captain say: "Brace for impact." He was on US Airways Flight 1549 that went into the Hudson, so we're going to hear all about that. And I heard Danny once said about culture that it's like a shark. I've been to a couple of their multi million dollar homes and it is rather surreal. We're not preparing ourselves for a photo op moment when we're going to go public. Connect with the definitive source for global and local news. It is hard work. We were filming some video content for the Citi Prestige that was about to relaunch. It's January 15th in New York City. We only accept comment from posters who identify themselves. Brian Kelly: What's the biggest thing you've learned by acquiring The Points Guy? And I realized I wanted to live the rest of my life out of this platform, and that I could do all the things that meant something to me around making a difference for others inside of the company and not even have to retire, do it after this life. The Points Guy had built a profitable business earning commissions whenever people signed up for credit cards they had read about on the site often in rave reviews of high-end cards. 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. J2 Media, a public company, scooped up the old publisher Ziff Davis with its online brands Mashable and IGN. Xu is the CEO of DoorDash, the restaurant delivery service he founded in 2013 with fellow Stanford University students Andy Fang and Stanley Tang. 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. Comments are welcomed and encouraged. Red Ventures has built a culture that blends warm enthusiasm, progressive social values and the ruthless performance metrics of the direct marketing business. 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. If people listening know people who are interested, is there a way to apply? Including a link to relevant content is permitted, but comments should be relevant to the post topic. 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. And if I get on this flight, and it goes down, and I survive again then Oprah Winfrey's got nothing on me.". Very inciteful. This is a plane that just got some altitude.. Because that was the first time since that day Did you even see him on the river? 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. (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.). Reddit and its partners use cookies and similar technologies to provide you with a better experience. So I learned enough to be dangerous. Ric Elias is the CEO and cofounder of Red Ventures, a portfolio of fast-growing digital businesses. And by then, my wife had found out that I was on that plane. If it stops swimming, it dies. 2008, 2009, 2010, that was the value proposition. Elias was on Flight 1549 when it unexpectedly landed unhurt on the Hudson River in 2009, an event he claims transformed his life. Tech millionaires? [7] That same year, it doubled the size of its headquarters[8] and bought postal services company Imagitas from Pitney Bowes. Brian Kelly: Would you say that this played a role in Red Ventures and what it is today, being a behemoth? She had just heard the captain say: "Brace for impact." 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. And you know what he said to me, Brian? She thinks it's the police calling to tell her, "Hey, your husband," or something, right? I don't have my wallet. I didn't know his name at the time. He got hit in the head. Brian Kelly: Did you really go from the Hudson back to LaGuardia? 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. You're not struggling, but you know it's over. 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. This comment policy is subject to change at any time. This is a BETA experience. No one knew it was both engines, and no one knew that we couldn't start it. Many have come back. And they're like, "Holy cow. A subreddit for Charlotte, North Carolina. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Its also about a 26-minute drive from the old Eastland mall site, where Tepper plans to build an MLS headquarters. Healthcare investor and philanthropist (Jack Schuler). All rights reserved. Brian Kelly: Every Puerto Rican that I meet is ultra proud. 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.