05:11 Elias: It doesn't matter. Some of them don't even go to private schools. Heres some background on who they are and what theyre planning to do with their wealth (each pledger publishes a letter with their plans included): Founder and chairman of Vedanta Resources, Known for turning a tiny scrap metal business into a global natural resource company, Agarwal has accumulated a multi-billion dollar fortune through his ownership of London-headquartered Vedanta Resources.. Check here before booking an award fare. What would you say to someone like me who wants to do both things? Scan this QR code to download the app now. How do you Did you go to work the next day? [ted.com]. 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. We're going to take a quick break right now. He devoted himself to causes, including a college scholarship program for undocumented immigrants ineligible for state aid, some of whom he has hired. Among BDTs first investments was grill-maker Weber, which went public in August 2021 at a $5 billion valuation. Cofounder and CEO of Pinterest (Ben Silbermann). The first cohort of 35 is going back this December. Brian Kelly: And so it's been an amazing gift to get that second chance. 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. He was so moved that he created a book titled How Facing Death Changed My Life (And My Business). We are going to do this and continue to do this for a long, long time. All rights reserved. Elias was on Flight 1549 when it unexpectedly landed unhurt on the Hudson River in 2009, an event he claims transformed his life. And it's amazing what happens when you're not suffering. Brian Kelly: That's it for this episode of Talking Points. Comments deemed to be spam or solely promotional in nature will be deleted. Are they old bankers? Ric Elias: You know, I still struggle with English. I said, "Captain," I introduce myself, and I said, "I just want to thank you for saving our lives." And it's been fabulous. We got pulled into Pier 32, the bulk of us were there waiting. He built up a fortune of at least $800 million from his time at IDEXX Laboratories. 3 things I learned while my plane crashed. It was super cold, and there's a guy that had a concession stand, and he opened it up and said, "Take whatever you want," to everybody. 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. In 2019, he launched a podcast,3 Things with Ric Elias, as a continuation of the learning journey he shared on the TED stage. 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. Are we taking more people in 787? 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. Anative of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GEs Financial Management program. The home sits in between two key Panthers facilities. So we wiped him out. Non-lame, weekly emails on thelatest strategies and tacticsfor increasing your lifespan, healthspan, and well-being (plus new podcast announcements). Nor did Craig Dixon, who is named along with his architectural firm, or Scott Whitlock, president of Whitlock Builders. Ric Elias: I know you had Danny Meyer here recently, and I'm friends with Danny. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. I was in a great seat because I can see the flight attendants. 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. We turned around immediately. 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. The former company was acquired by cloud computing company VMware in 2009 for $420 million. There's a startup community there. As a subscriber, you have 10 gift articles to give each month. Ric Elias: The Points Guy to me is at the forefront of the consumer brand in our portfolio. 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. 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. Ric Elias And Ric was on one of the most historic flights in history. Brian Kelly: So you, as a successful Puerto Rican entrepreneur, you did a lot for the island. 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. Notably, the pledge is non-binding; it is instead branded as a public, moral commitment. Pledgers are left to their own devices about how they want to disseminate their riches. Ric Elias: It's neat. I was heading back home to Charlotte. For an explanation of our Advertising Policy, visit. Sign-up (free) to receive the5 Tactics in my Longevity Toolkitdelivered by email as a 5-day course. I had a brand new cell phone, and I could not get connection. Brian Kelly: All right. [12] On December 1, 2020, Red Ventures bought Lonely Planet from Tennessee-based NC2 Media. 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. Ric Elias: Why is it an or and not an and? Red Ventures CEO signs pledge to Before Maria, there were a lot of crypto startups, and I remember hearing about a lot of people were moving businesses. And as a father, you learn more about yourself than you learn in any other role, and it's been wonderful. . Brian Kelly: Did you really go from the Hudson back to LaGuardia? Ric Elias So we have this very long clock, and what is unique about that is that it allows us to behave differently. Learn more about the Ric Elias: We believe that social impact out of our platform is as important as the revenue that we produce. Ric Elias This is not a hand down. Anonymous comments will be deleted. 05:11 Elias: It doesn't matter. You know, Puerto Rico has had a massive brain drain. The Giving Pledge Gains 14 New MembersHere Are 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. WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. Brian Kelly: I know one of the things we keep hearing from our readers is doing TPG en Espanol, so maybe we'll have to start that group in the Puerto Rico office once that opens. Tune in weekly and tell your friends -- we love our listeners. Ric Elias Comments requesting medical advice will not be responded to, as I am not legally permitted to practice medicine over the internet. We need you to talk to Ric Elias, the CEO of Red Ventures.". I was going out of business, so it doesn't matter." Whitlock values the Eliases as clients, and Whitlock plans to do everything it can to resolve this issue, attorney Michelle Dressler told the newspaper. Vaccinated employees have lunch in a dining area on Red Ventures 180-acre campus. Ric Elias 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: No, I did see him on the river. [1:37:30]; If Ric could go back and talk to himself in the morning before getting on that plane, what would he say? Our belief is that people stay in a company if they're growing, and when they stop growing is when they leave. The home sits in between two key Panthers facilities. Have we taken everyone? 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. 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. Both pilots had been in the airforce and both were glider pilots. Not 90% -- you're either going to blow up or break into pieces. 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. *If you enjoy this podcast, you are sure to enjoy 3 Things with Ric Eliasa podcast that gleans insights from remarkable people and hosted by Ric himself (Listen on Apple Podcasts, Spotify, or Google Play)*, Subscribe to The Drive: APPLE PODCASTS | RSS | GOOGLE | OVERCAST | STITCHER. We unite through discovery. 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 would sit in places, and I would say to myself, "I'm not meant to be here." And many thanks to our guest, Ric Elias, co-founder and CEO of Red Ventures. And it's fun to see. And the great thing about our culture is a movement takes a follower. 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. Her experience wasnt uncommon. Ric Elias is the cofounder and CEO of Red Ventures, a digital media company based out of Charlotte, North Carolina. Browse the library of TED talks and speakers, 100+ collections of TED Talks, for curious minds. Red Ventures So I learned enough to be dangerous. After launching The Trade Desk in 2009, he watched its valueand his own fortuneskyrocket following its successful IPO in 2016. document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); This field is for validation purposes and should be left unchanged. I don't have anything. You're sitting there. So we have provided tons of value to our partners, huge brands. Brian Kelly: I highly recommend -- Ric has a TED talk, "The three things I learned when my plane crashed." 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 told them, Theres a red line, and theyre like, OK, well see, he said. Ric Elias: But I tell you, there were lots of great stories of just amazing people in New York City just giving everything. So you co-founded it in 2000. CNET Those got phased out about 15 years ago. #249 How the brain works, Andrews fascinating backstory, improving scientific literacy, and more | Andrew Huberman, Ph.D. movies depicting minor league hockey teams. Drive out of Facebook right now, and on the sign, you see Sun Microsystems. We've got a very active reader base, but we spend a lot of money on brand. Serving more than 390,000 restaurants and other merchants, the company went public in 2020, making Xu a billionaire. But this is just the beginning. If it stops swimming, it dies. I don't have my wallet. Were not going public, were not selling. She had just heard the captain say: "Brace for impact." I've been to a couple of their multi million dollar homes and it is rather surreal. I mean homes that could fit right into Beverly Hills. He said, "Don't worry. And I know we're super excited about some of this stuff that you've got coming out on your app and all these things. So they have to perform. 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). [14][15], In 2023 The Verge described the business model of the company as "publish[ing] content designed to rank highly in Google search for high-intent queries and monet[izing] that traffic with lucrative affiliate links. 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. It just needs an ecosystem. So while we have enjoyed this massive boom time all over the world, Puerto Rico has been in a massive recession. Courtesy Red Ventures. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Ric Elias: They're so passionate about the island, and they're super smart. Ric Elias: The next cohort four will start in April. No one knew it was both engines, and no one knew that we couldn't start it. This is not Lake Norman. I actually moved to the U.S. to come to college and fell in love with this country, so I love two countries now. The lady looked at me like I was crazy, he recalled, but hed figured that if I dont get on a flight right away, I may never fly again and if the next flight goes down, it was me God was coming to see., Youve Never Heard of the Biggest Digital Media Company in America, https://www.nytimes.com/2021/08/15/business/media/red-ventures-digital-media.html. This is hand up. Ric Elias: Earning the gift of life 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. I did the next morning. And you actually got on a plane that night. Ric Elias What is it like to be Puerto Rican? 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. It is a spectacular house. Go deeper into fascinating topics with original video series from TED. Contact an All American Speakers Bureau booking agent for more information on Ric Elias speaking fees, availability, speech topics and cost to hire for your next live or virtual event. Ric Elias: So on my way out, I said, "Listen, sir, I would like to send you some money. And I was furiously Googling you and Red Ventures, and everyone's saying, "Oh, it's like the Google of the East Coast." WebRic Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently. The causes close to the hearts of this years signees range from improving early-childhood education in India to wildcat preservation. And I call from a strange number. Ric Elias: And I realized that it doesn't matter. 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? 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. 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. People are very passionate. | Learn more about Ric Elias's work experience, education, connections & more by visiting their profile on LinkedIn What happened to him?" I'm not sure we were on the same boat. We built 42 homes for working families that were not going to get their homes replaced, and it was really neat to do that. 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.
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