Dan Pallotta is an activist, entrepreneur and author who invented the multi-day charitable event industry. He created the breast cancer 3-day walks and the multi-day AIDS rides which raised more than a half billion dollars in nine years and became the subject of one of the first Harvard Business School case studies on social enterprise. Both initiatives had their best years in 2002 – and then Mr. Pallotta’s nonprofit went out of business.
In a popular Ted Talk, Mr. Pallotta describes what happened, and why our cultural misunderstanding of nonprofits and charities has resulted in criticisms of such organizations for adopting common successful business practices. Mr. Pallotta’s compelling talk questions why the nonprofit sector cannot use the same strategies as businesses to grow their profits and therefore give more money and support to people in need.