In 1994, Dan Pallotta created the AIDS Rides -- a series of long-distance fundraising cycling journeys that netted $108 million for HIV/AIDS research and services within the space of eight years. Later, his Breast Cancer 3-Day walks netted $194 million in an even shorter period of time. Both had their best years ever in 2002. But then, after a spate of bad press criticizing the management of the organization, both were shuttered.
A fascinating look at why differences between non-profits and businesses may be harming charities. I particularly like his views on innovation and how non-profits are risk-averse.
