Race Radio said:
There are many positives to relaunching the Lance Armstrong Foundation. He clearly still has a a good amount of groupies who will do whatever he says. This means $$$. Money for Cancer is good.
The question is, if you want to give to a cancer charity, why should you give to one run by LA? What does it have to offer that’s unique? For all the ridicule the Livestrong “awareness” service has generated here, it did seem to offer something that other charities didn’t. If LA were to start a new charity funding cancer research, what would your dollar do there that it wouldn’t do somewhere else? All charities compete with each other to some extent, but when you’re offering basically the same thing as another charity is, you have to have something going on that distinguishes yours from the others.
Before, LA had a story that could draw in donors who wouldn’t necessarily donate to another charity that did the exact same thing. I really doubt that this is the case now. People who are inclined to support cancer research don’t need LA to follow.
If he wants to succeed, I think he has to find a niche that is both unusual and needed. One possibility is to support a particular area of research that isn’t well funded now, because it’s not a major kind of cancer, for example, or it’s even some other kind of disease, or doesn’t even involve a disease, but something else entirely. But then of course LA may not have a personal connection with the victims that he had with cancer, which will make it harder for potential donors to identify with it. Or maybe a charity could fund research based on approaches or concepts that are somewhat out of the mainstream. But I don’t think he can just snap his fingers and say, let’s have a charity, without a lot of hard thought about what it’s going to support.
Though he didn’t ask for my advice, I actually don’t think founding a charity is the way forward for LA. He has a lot of drive, energy, and organizational skills—the blood transfusions didn’t help him much with that—and he can probably succeed reasonably well in business. Assuming he doesn’t get completely cleaned out by the feds, he has enough of a nest egg to start one. If he wants to continue contributing to the war on cancer, there are certainly possibilities in medical technology. He probably has all kinds of scientific contacts from his salad days who could advise him.