Armstrong Foundation Wins with IPO

Austin-based cancer services nonprofit Armstrong Foundation won big this week when Demand Media’s stock went public on Wednesday. The foundation made $3.1 million on the deal according to a recent Austin-American Statesman article: Demand Media IPO delivers windfall to the Lance Armstrong Foundation

Lance and Foundation to go for profit online

It’s been a few years since a yellow rubber bracelet was the must have item, so it is fitting that Lance Armstrong and his namesake foundation are getting back into the for-profit game. Armstrong, LAF, and Demand Media are partnering up to launch the site that will use advertising as its income source. Armstrong and… Continue reading Lance and Foundation to go for profit online