6 Entrepreneurs With a Horse in the Race
Horse: I'll Have Another
Owner: J. Paul Reddam
Business: CashCall, Ditech.com
The founder of Ditech.com, a lender offering mortgages and lines of credit (and whose famous catchphrase, "Lost another loan to Ditech!" was parodied by Saturday Night Live) made his entrance into the world of horse racing in 1988. Reddam, who started his career as a philosophy professor at Cal State, sold Ditech.com to General Motors in 1999, which gave him the freedom expand his interests in horse racing. Reddam now serves as the president of CashCall, an online mortgage lender founded in 2003.