You now own brands like The Points Guy and Bankrate and Healthline. 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. This is a BETA experience. For an explanation of our Advertising Policy, visit. Some of them don't even go to private schools. We're not exactly a digital media enterprise. We unite through discovery. 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. And we helped a lot of brands kind of become digitized in their acquisition. I think we got plenty going on right now. Founder and CEO of Red Ventures (Ric Elias). The South Carolina campus of Red Ventures, a digital media company with 4,500 employees, some of whom live on site. 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. 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. All rights reserved. I'm Brian Kelly. Her experience wasnt uncommon. The couple, who married in January 2021, launched Sydney-based Canva in 2013 with cofounder Cameron Adams. You just have this feeling. In 2019, he launched a podcast,3 Things with Ric Elias, as a continuation of the learning journey he shared on the TED stage. I didn't want to die, but it wasn't scary, which in itself was clarifying. But these people are multi-millionaires. [ted.com]. I have many, many other jobs. Ric Elias is the cofounder and CEO of Red Ventures, a digital media company based out of Charlotte, North Carolina. If it stops swimming, it dies. And they're thinking it's terrorism. 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. The marketing of financial products promises far higher profit margins than the online affiliate businesses that underlie websites like The New York Timess Wirecutter. 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. This was a pretty high-tech form of digital surveillance in those more innocent times. Ric Elias Please view our advertising policy page for more information. North Equity bought Popular Science, Domino and Field & Stream, along with the mens site Mel. He was so moved that he created a book titled How Facing Death Changed My Life (And My Business). And the key, I think, for leadership is to make sure that the culture is swimming in kind of the right direction. Carolina CEO sues over windows, doors in All rights reserved. the Biggest Digital Media Native of Puerto Rico, graduate of Boston College and Harvard Business School. We're going to take a quick break right now. 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. We are going to do this and continue to do this for a long, long time. Criticism and skepticism can be far more useful than praise and unflinching belief. I didn't even know Bankrate was for sale, and one day, I get a call saying, "Hey, Brian. 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. Ric Elias is CEO/Co-Founder at Red Ventures. 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. 2008, 2009, 2010, that was the value proposition. Having grown to handle payments for a third of Americas restaurants and hotels, Isaacman took the company public in June 2020. And I call from a strange number. 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, I tracked him down. I've been to a couple of their multi million dollar homes and it is rather surreal. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. Red Ventures 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. I cover the world's richest people for Forbes. For instance, they purchased more than a million toll-free phone numbers, and each visitor to their marketing website was shown a different one. Brian Kelly: Being a successful entrepreneur, a lot of times you're always grown up. We do deep integrations with our partners so that we can provide a much better customer experience. In this episode, Elias shares more about Forward787, as well as several other of RV's social impact organizations like Golden Door Scholars, Road to Hire, and LifeSports. 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. 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. 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). This is the perch from where Im going to live the rest of my life, he said, describing his thoughts at the time. So you were born in Puerto Rico. So we have this very long clock, and what is unique about that is that it allows us to behave 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. And its executives seem to have absorbed the idea that they are selling trust, even if they dont put it in the language of journalism professors. Ric dives deep into how that day impacted his life, greatly changed his perspective, and improved his relationship with his famil One way he achieves this is through RV's Forward787, a "movement focused on revitalizing Puerto Ricos economy." It's very competitive. And now Red Ventures is the largest in a group of private equity-backed giants that have been snapping up trusted media brands once left for dead. Ric Elias: But I tell you, there were lots of great stories of just amazing people in New York City just giving everything. 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. 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. 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. They said their involvement with The Giving Pledge may be the most important work that we will do together and if done right, should certainly be the most rewarding., Vlez is the cofounder and CEO of Sao-Paulo based digital banking giant Nubank. He cofounded Red Ventures Connect with the definitive source for global and local news. Sign-up (free) to receive the5 Tactics in my Longevity Toolkitdelivered by email as a 5-day course. Chesley Sullenberger, is also the CEO and co-founder of Red Ventures, TPG's parent company. Many have come back. WHO are these extremely rich people 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. He was on US Airways Flight 1549 that went into the Hudson. They're Latin. Along the way, they figured out how to integrate online marketing and old-fashioned telemarketing and they got very good at search engine optimization. What exactly do they do?" 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. Cofounder and CEO of Pinterest (Ben Silbermann). I know at The Points Guy, we've had 787 cohorts, and the level of energy that they bring to the business is amazing. [13], In 2021, the company had 4,500 employees and 751 million readers per month. So companies stopped investing in infrastructure and jobs left. WebRic Elias is CEO and co-founder of Red Ventures, a portfolio of digital companies headquartered in Charlotte, NC. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. We'll leave it there. document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); This field is for validation purposes and should be left unchanged. Red Ventures CEO signs pledge to She can't think straight. And many thanks to our guest, Ric Elias, co-founder and CEO of Red Ventures. Their plane's engines had failed and the flight was attempting an emergency ditching on the Hudson River just moments after takeoff. They got clearance in Teterboro. I don't have my wallet. And to do that, we need really smart people. Ric Elias is the cofounder and CEO of Red Ventures, a digital media company based out of Charlotte, North Carolina. Check here before booking an award fare. So thank you for joining Talking Points Podcast today. The Silbermanns fortune comes from the 2010 launch of Pinterest, which Ben Silbermann cofounded alongside Evan Sharp and Paul Sciarra. He built up a fortune of at least $800 million from his time at IDEXX Laboratories. In 2019, he launched a podcast,3 Things with Ric Elias, as a continuation of the learning journey he shared on the TED stage. Ric Elias 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. What was it like to meet Sully? But the population of Puerto Rico is expected to dip below 3 million over the next five years, so it's a massive issue when you have that kind of brain drain. Additional new billionaire pledgers this year include Nubank cofounder David Vlez, Pinterest cofounder Ben Silbermann and DoorDash cofounder Tony Xu. Red Ventures has turned very specific advice into very big business. TED Conferences, LLC. At the center of the company is Ric Elias, the chief executive and co-founder. 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. And you know the feeling is mutual, and I'm just excited about the journey ahead. Nor did Craig Dixon, who is named along with his architectural firm, or Scott Whitlock, president of Whitlock Builders. They entered the business of selling subscriptions for DirecTV and burglar alarms for ADT Security. This $2 Billion Business Swears By the 'Pencil
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