Schuurman is a serial entrepreneur best known for founding the open-source software companies SpringSource and Elastic. Charlotte isn't that largewhere is all of that money coming from? The former company was acquired by cloud computing company VMware in 2009 for $420 million. 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. For an explanation of our Advertising Policy, visit. And the key, I think, for leadership is to make sure that the culture is swimming in kind of the right direction. But an important element is we're a private company, we have no desire to go public, and that gives us a level of freedom to do things that other companies can't do. 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. It's very competitive. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Note this may include abusive, threatening, pornographic, offensive, misleading or libelous language. [9], Red Ventures acquired Bankrate Inc. for $1.24 billion in cash in a deal announced July 3, 2017. So we own about 30 different kind of digital properties, The Points Guy being one of them. Fantastic conversation appreciate being the fly on the wall. Ric Elias, the companys chief executive, is known for his TED Talk about being on the US Airways jetliner that made an emergency landing on the Hudson River in 2009. [10][11], On September 14, 2020, Red Ventures agreed to purchase the CNET Media Group from ViacomCBS for $500 million. This site does not include all credit card companies or all available credit card offers. Our culture has changed a lot. I cover the world's richest people for Forbes. Founder, Chairman and CEO of BDT & Co. (Byron Trott), Byron Trott launched the Chicago-based advisory and private equity firm BDT & Co. in 2009 following a long career at Goldman Sachs, where he worked his way up from stockbroker to vice chairman. He is the largest shareholder in Red Ventures, with more than 20 percent of the company, and so a billionaire on paper though he hasnt done the self-promotion required to get on the Forbes list. Ric Elias: The next cohort four will start in April. And I call from a strange number. is the assistant producer for TPG's podcasts. He cofounded Red Ventures 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. He also sits on the board of Amsterdams arts and history museum Rijksmuseum. But Red Ventures has succeeded by building a tech and media company that is independent of that particular Goliath, if not of another one Google. He was so moved that he created a book titled How Facing Death Changed My Life (And My Business). And by then, my wife had found out that I was on that plane. | Learn more about Ric Elias's work experience, education, connections & more by visiting their profile on LinkedIn Okay, great.". 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. Vlezswife, Mariel Reyes, is the cofounder and CEO of Reprograma, a Brazil-based startup that helps marginalized women with computer programming and job placement. For sites like Wirecutter, internet commerce often means, in practice, serving as an Amazon storefront, with revenue trickling in from modest commissions. We need you to talk to Ric Elias, the CEO of Red Ventures.". Ric Elias: But I tell you, there were lots of great stories of just amazing people in New York City just giving everything. But this is just the beginning. 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]. And so did that change the way that you parent? 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. Courtesy Red Ventures. The home sits in between two key Panthers facilities. And you know the feeling is mutual, and I'm just excited about the journey ahead. Native of Puerto Rico, graduate of Boston College and Harvard Business School. 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. It just needs an ecosystem. We turned around immediately. WebSee Ric Elias's compensation, career history, education, & memberships. The key is, how do you keep that feeling alive? Because that was the first time since that day Did you even see him on the river? Privacy Policy. Brian Kelly: So at the TPG Awards this past year, we invited Sully, and you gave an amazing speech. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. He got hit in the head. 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). Ric also has a really interesting past as an ultra-frequent traveler and was on one of the most historic flights in history. We built 42 homes for working families that were not going to get their homes replaced, and it was really neat to do that. She had just heard the captain say: "Brace for impact." And that moment to me was so pure. Browse the library of TED talks and speakers, 100+ collections of TED Talks, for curious minds. And we believe in high bars. I bet you five years from now we have Really, I love the romantic notion that we unite through travel. His wife Bomi Sul founded a social networking service. So right now, we're looking for others that want to apply. 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. And we helped a lot of brands kind of become digitized in their acquisition. 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. I was in a great seat because I can see the flight attendants. I hear you are Concierge Key for American Airlines, but they recently kicked you out. So some of the other programs that we have, like the Golden Door Scholars, I think these are really amazing programs. Brian Kelly: I highly recommend -- Ric has a TED talk, "The three things I learned when my plane crashed." And if I get on this flight, and it goes down, it was me God was coming to see, so what are the odds? He said hed told a surprised agent he wanted the next flight out. They think it's all this thing. And they were trying to decide, do they go back to LaGuardia, so they got clearance in LaGuardia. I'm like, "That doesn't narrow it down. I was going out of business, so it doesn't matter." TED.com translations are made possible by volunteer Half the time, I don't even know what I am apologizing for. I'm not sure we were on the same boat. Ric Elias: Thanks for having me. Additional new billionaire pledgers this year include Nubank cofounder David Vlez, Pinterest cofounder Ben Silbermann and DoorDash cofounder Tony Xu. Ric Elias: No, I did see him on the river. Not 90% -- you're either going to blow up or break into pieces. 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.. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. They wear their emotions on their sleeves. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. However, Whitlocks attorney said that while her client built the home, the company didnt pick out or install the windows and doors. 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. Talking about skillsets, Captain Chesley Sullenberger and the Gimli Glider piloted by Captain Robert Pearson, similiar but different landings. 05:11 Elias: It doesn't matter. So thank you for joining Talking Points Podcast today. So there's about two minutes before he says anything, and when you look at all the records, they were trying to restart the engines, and they couldn't. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. 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. 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. 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. Despite a daunting media industry landscape, Red Ventures has found success through its acquisitions of popular sites like Lonely Planet and Healthline. Brian Kelly: That's great. That acquisition included The Points Guy, a site devoted to elucidating airline mileage programs and credit card deals. 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. But these people are multi-millionaires. [5] 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. 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. It was about three o'clock. Anative of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GEs Financial Management program. 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. Other tricks were more ingenious. 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. The first cohort of 35 is going back this December. Anyone can read what you share. I thought that Red Ventures, we would grow it and then sell it. Their Googling and mandatory corporate retreats led them to the companys South Carolina headquarters, a 180-acre campus with a cluster of modern buildings, a fire pit, a six-lane bowling alley, spin room, pickle ball courts and 264 residences for employees who choose to live where they work. Brian Kelly: Yeah, three governors in a couple week period. We do deep integrations with our partners so that we can provide a much better customer experience. Its location has helped obscure what is perhaps the biggest digital publisher in America, a 4,500-employee juggernaut that says it has roughly $2 billion in annual revenues, a conservative valuation earlier this year of more than $11 billion, and more readers, as measured by Comscore, than any media brand youve ever heard of an average of 751 million visits a month. Brian Kelly: All right. It's January 15th in New York City. It was a terrible idea, Mr. Elias said, and they quickly ran out of money. Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. 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. Why does it take a crisis to be Americans above other things? Some of them don't even go to private schools. 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. 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. Check here before booking an award fare. Ric Elias is the cofounder and CEO of Red Ventures, a digital media company based out of Charlotte, North Carolina. I'm talking glen eagles road and wing bourne. 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. Serving more than 390,000 restaurants and other merchants, the company went public in 2020, making Xu a billionaire. And they're like, "Oh, my God. Forward787 is only one out of four massive social impact initiatives we have, and we're super proud of that. And many thanks to our guest, Ric Elias, co-founder and CEO of Red Ventures. Scan this QR code to download the app now. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. [13], In 2021, the company had 4,500 employees and 751 million readers per month. And I think The Points Guy really is a platform to unite but also help us dream. Courtesy Red Ventures. Ric Elias: In many ways it's lot of the people we have here in your office -- it's super ambitious people, but for something greater than themselves. Ric Elias: So the first phase is they're going to move back with some of our smaller digital assets that they will run out of there, and then we're going to look at opportunities to start from there, including some stuff in tourism. Brian Kelly: Being a successful entrepreneur, a lot of times you're always grown up. It's thousands and thousands of decisions over many years. After suffering a life-changing bicycle accident that left him almost entirely paralyzed from the neck down, Jon Ayers was forced to leave his job leading the Westbrook, Maine-based veterinary diagnostics company IDEXX Laboratories in October 2019 after 17 years as CEO, president and chairman. 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. Having been a passenger on the Miracle on the Hudson plane in 2009, Red Ventures CEO Ric Elias is famously familiar with crashes. I mean homes that could fit right into Beverly Hills. As a subscriber, you have 10 gift articles to give each month. Ric Elias: And it's a payback model. This is not a hand down. I think were a 20-year-old company that still is figuring out what were going to be, he said. WebRed Ventures was formed on September 29, 1999, in Fort Mill, South Carolina by Ric Elias and Dan Feldstein. Please make sure to subscribe wherever you get your podcast. The "787" is a play on one of the telephone area codes used in Puerto Rico. 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. Were not going public, were not selling. Ric Elias: You know, it is such a tiny island. You now own brands like The Points Guy and Bankrate and Healthline. 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. Improve earnings, maximize rewards and track progress toward dream trips. The correct number is 11. 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. #249 How the brain works, Andrews fascinating backstory, improving scientific literacy, and more | Andrew Huberman, Ph.D. movies depicting minor league hockey teams. He said, "I was just doing my job." In addition to Lonely Planet, CNET, Healthline and The Points Guy, Red Ventures bought the education advice site BestColleges. Brian Kelly: So you, as a successful Puerto Rican entrepreneur, you did a lot for the island. 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. They are seeking to cover the replacement cost of what the lawsuit describes as faulty products that fog up and have deteriorated, The Charlotte Observer reported Thursday. 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. 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. 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. And it gives me a great appreciation. The marketing of financial products promises far higher profit margins than the online affiliate businesses that underlie websites like The New York Timess Wirecutter. Anative of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GE's Financial Management program. Sign-up (free) to receive the5 Tactics in my Longevity Toolkitdelivered by email as a 5-day course. 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. Brian Kelly: Who should work at Red Ventures, and maybe, who shouldn't? 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. New comments cannot be posted and votes cannot be cast. 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. Have we taken everyone? 2008, 2009, 2010, that was the value proposition. Brian Kelly: Just the beginning, I can vouch for that. And as a father, you learn more about yourself than you learn in any other role, and it's been wonderful. 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. Many have come back. WebRic Elias is CEO and co-founder of Red Ventures, a portfolio of digital companies headquartered in Charlotte, NC. Comments deemed to be spam or solely promotional in nature will be deleted. 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. You know what he said? WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. Please Note: 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. WebRic Elias is CEO and co-founder of Red Ventures, a portfolio of digital companies headquartered in Charlotte, NC. Comments are welcomed and encouraged. 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. He cofounded Red Ventures If people listening know people who are interested, is there a way to apply? 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). document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); This field is for validation purposes and should be left unchanged. So Golden Door Scholars, which you mentioned, is a scholarship and mentorship program for undocumented kids, DACA kids. 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. John Logger. I've been to a couple of their multi million dollar homes and it is rather surreal. Brian Kelly: Did you really go from the Hudson back to LaGuardia? So they have to perform. 'We in our evolution cant process death. There's the integration, the harmony. Become a member today to get access. More troublingly, some reporters at The Points Guy, which also covers the travel industry in general (it has been a comprehensive source for information on where vaccinated Americans can travel), have complained that the new owners have eroded the already rickety wall between the sites service journalism and the credit card sales that fund it. 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. It's about 70% females and all minorities and all studying really valuable fields for the future of our country. Terms apply to the offers listed on this page. Excellent podcast. We'll leave it there. 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. Brian Kelly: And so it's been an amazing gift to get that second chance. Before Maria, there were a lot of crypto startups, and I remember hearing about a lot of people were moving businesses. Has Puerto Rico recovered? Whitlock values the Eliases as clients, and Whitlock plans to do everything it can to resolve this issue, attorney Michelle Dressler told the newspaper. WebRic Elias (on stairs). You can either give your life to work or give your life to family. Ric Elias: It's been really neat. A subreddit for Charlotte, North Carolina. 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. Red Ventures, as is, will never be a public company as long as Im running it.. We only accept comment from posters who identify themselves. WebRed Ventures was formed on September 29, 1999, in Fort Mill, South Carolina by Ric Elias and Dan Feldstein. I've been to a couple of their multi million dollar homes and it is rather surreal. North Equity bought Popular Science, Domino and Field & Stream, along with the mens site Mel. We're 19 years into this, and every 18 months it feels like we're doing something different, and it's super exciting. She thought I was dead. 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. [1:39:15]; and. And I've had the greatest run in my marriage, any marriages ever have. 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. Mr. Elias said Red Ventures has a nonnegotiable line concerning the editorial independence of its sites, adding that he has given his cell number to CNET employees and instructed them to call him if they ever face pressure from the business side. 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. 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. So here's a guy, has nothing left Ric Elias: and basically probably his last of his savings, and he gave it to other people. 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. And I remember they were just like, "In 10 minutes, you've got to talk to this guy, Ric." It is hard work. 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. We unite through experiences. Some of them don't even go to private schools. That was the first thing you hear from the captain. So you were born in Puerto Rico. You're not struggling, but you know it's over. Tirades, Welcome to Charlotte, Things to do, Buying/Selling, and Charity are all weekly topics. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. You work at Red Ventures. She can't think straight. And you know what he said to me, Brian? Peter Attia is a physician focusing on the applied science of longevity. [18] Red Ventures announced layoffs at CNET a few weeks after the reports from The Verge and Futurism, which the company says were unrelated. Your podcasts are top shelf !! Half the time, I don't even know what I am apologizing for. So we have provided tons of value to our partners, huge brands. Mr. Elias grew up in San Juan hearing stories of his late grandfather, a Lebanese immigrant who, according to family lore, built a huge produce importing business but lost it because he hadnt paid his taxes. 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.

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