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. Brian Kelly: Likewise. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Ric Elias: We're just getting started, dude. Brian Kelly: How have you seen the culture evolve at Red Ventures, and how would you describe our culture to someone who is an outsider? He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. Half the time, I don't even know what I am apologizing for. And it's fun to see. Ric dives deep into how that day impacted his life, greatly changed his perspective, and improved his relationship with his famil Otherwise, we would have never left the cave. Red Ventures, as is, will never be a public company as long as Im running it.. player who lives nearby. (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.). Brian Kelly: Yeah, three governors in a couple week period. And it's been fabulous. The former company was acquired by cloud computing company VMware in 2009 for $420 million. At the center of the company is Ric Elias, the chief executive and co-founder. He is a friend and a mentor to me, and I guess technically -- actually not technically -- he is my boss. 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. So companies stopped investing in infrastructure and jobs left. 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. 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." 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. Life was over. 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. Ric Elias: Oh, yeah. 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? In 2019, he launched a podcast,3 Things with Ric Elias, as a continuation of the learning journey he shared on the TED stage. Two of the three cofounders of design unicorn Canva, Perkins and Obrecht are worth an estimated $6.5 billion each. Ric Elias is the CEO and cofounder of Red Ventures, a portfolio of fast-growing digital businesses. Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. I went up and said, "Hey, when is the next flight?" And so you have 90 seconds. Ric Elias: In 1D and as soon as Sully said, "Brace for impact," it was terror in their eyes, so I knew it was over. Connect with the definitive source for global and local news. If I'm honest with myself, this is the time." Despite a daunting media industry landscape, Red Ventures has found success through its acquisitions of popular sites like Lonely Planet and Healthline. 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. 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: You have two beautiful children. Ric Elias: We ended up in the same pier. Here in Indian Land, I felt as if I were back in the Ping-Pong days of Silicon Valley in the early 2000s. These low-profile media companies are riding a shift in technology as both Apple and regulators have eroded the dominance of the creepy advertising technology that allows companies to track you across websites. The home sits in between two key Panthers facilities. 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. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. And I've had the greatest run in my marriage, any marriages ever have. I felt for a long time like I was somewhat dreaming. 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." So we ended up on the same side, and after a while I see him standing by himself. 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. 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: And the first thing they hear. However, his net worth has since fallen below $1 billion, according to Forbes estimates. 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. Terms apply to the offers listed on this page. 3 Things I learned When My Plane Crashed.. 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). Our fundamental belief is culture is a competitive advantage. 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. 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. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Half the time, I don't even know what I am apologizing for. Talking about skillsets, Captain Chesley Sullenberger and the Gimli Glider piloted by Captain Robert Pearson, similiar but different landings. The Times story said the company has a conservative valuation of $11 billion, and Elias owns more than 20% of the company, putting his net worth over $2 billion. Spanish is a lot easier. 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. Ric Elias: You know, a lot. Ric Elias: Why is it an or and not an and? [18] Red Ventures announced layoffs at CNET a few weeks after the reports from The Verge and Futurism, which the company says were unrelated. 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. Other tricks were more ingenious. I felt the compassion of others and all of that. Ric Elias: It's been really neat. I've been to a couple of their multi million dollar homes and it is rather surreal. This is not a hand down. Is the future all about our own properties, or is it still finding more strategic partners to work with? Ric Elias: I did. In 2000, he and a friend, Dan Feldstein, who is now the chief marketing officer of Red Ventures, started a business built on the notion of driving online shoppers to physical stores. Theres an, "This is how I would judge my life'Did I earn my gift? 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. If you lose brand trust, then you dont have a business.. Scan this QR code to download the app now. The owner of this blog reserves the right to edit or delete any comments submitted to the blog without notice. I think your daughter was in, what, first grade at the time. Comments requesting medical advice will not be responded to, as I am not legally permitted to practice medicine over the internet. 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. Brian Kelly: All right. She had just heard the captain say: "Brace for impact." 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. Vaccinated employees have lunch in a dining area on Red Ventures 180-acre campus. He and his wife Patti Bao, who he also met at Stanford, now want to pay it back. This was a pretty high-tech form of digital surveillance in those more innocent times. Regardless of what the media says, these are the greatest of times to be alive. WebRic Elias is CEO and co-founder of Red Ventures, a portfolio of digital companies headquartered in Charlotte, NC. What would you say to someone like me who wants to do both things? I'm your host, Brian Kelly, and today, we've got a very special guest. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. There's a startup community there. Brian Kelly: Did you pick up the language when you were there? [19][20], Futurism additionally highlighted undisclosed AI-generated, SEO-focused content produced by Red Ventures's education division (internally RV EDU). Nor did Craig Dixon, who is named along with his architectural firm, or Scott Whitlock, president of Whitlock Builders. 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. Thanks to my amazing production team at TPG and for Ric's awesome assistant Alexandra Garrison, and to Margaret Kelley and Caroline Schagrin of our podcast team. It just needs an ecosystem. I was going out of business, so it doesn't matter." John Logger. 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. 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. He cofounded Red Ventures Courtesy Red Ventures. Brian Kelly: All right. The Silbermanns fortune comes from the 2010 launch of Pinterest, which Ben Silbermann cofounded alongside Evan Sharp and Paul Sciarra. Ric, thank you so much for joining us today. WebRic Elias is CEO and co-founder of Red Ventures, a portfolio of digital companies headquartered in Charlotte, NC. 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. Comments containing language or concepts that could be deemed offensive will be deleted. And Ric was on one of the most historic flights in history. As CEO, Silbermann oversaw the April 2019 IPO of the bookmarking site, which today counts more than 454 million users. 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. He and other Points Guy writers said they hadnt been pushed to publish stories they found dubious indeed, the site has occasionally offered carefully critical coverage of Chase and American Express, its dominant business partners. It was about three o'clock. Comments deemed to be spam or solely promotional in nature will be deleted. Sign-up (free) to receive the5 Tactics in my Longevity Toolkitdelivered by email as a 5-day course. I said, "Captain," I introduce myself, and I said, "I just want to thank you for saving our lives." And we have about 350 of these kids now over the last seven years, and our graduation rate is 99%. He said, "Don't worry. And I call from a strange number. Brian Kelly: I mean, I think part of our culture is giving back; we say, "Leaving the woodpile higher than we found it." And there's more to come there, too. 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. Brian Kelly: That's great. [1:35:30]; What is the most challenging part of your business today? The arrival of Red Ventures executives hasnt always gone over well among the journalists who find themselves working under Mr. Elias. She had just heard the captain say: "Brace for impact." 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. Because that was the first time since that day Did you even see him on the river? Plus, your own feed of TPG content. 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: 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. Red Ventures has turned very specific advice into very big business. 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. Ric Elias is CEO/Co-Founder at Red Ventures. So we have this very long clock, and what is unique about that is that it allows us to behave differently. The couple, who married in January 2021, launched Sydney-based Canva in 2013 with cofounder Cameron Adams. Brian Kelly: Being a successful entrepreneur, a lot of times you're always grown up. 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.
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