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Elias, the co-founder and CEO of Red Ventures, explains how he grew his company by giving up control. Nearing the end of 2009 , Ric Elias made a decision that would make most entrepreneurs cringe: He ceded control of his day-to-day business operations to four of his managers.

Ric Elias discusses why fear is bad for business at the Inc. 500|5000 Conference

"If I wasn't afraid of dying, why should I be afraid of failing?" asked Ric Elias, who survived a plane crash in 2009.