6 Entrepreneurs With a Horse in the Race
Horse: Take Charge Indy
Owners: Chuck & Maribeth Sandford
Business: Bag Makers, Inc.
Maribeth Sandford started Bag Makers in 1980 out of a Dairy barn in Illinois. Her husband, Chuck, joined the firm in 1991. The company, which manufactures custom bags emblazoned with company logos, has grown to more than 250 employees and prints more than 55 million bags a year. So why horse racing? "Chuck Sandford bought a horse because his wife, Maribeth, told him he needed a hobby," noted the Daily Herald, a daily newspaper that services the suburbs Chicago. "That was June 2009." In 2010, Chuck bought Take Charge Indy for $80,000. It appears his hobby paid off. Earlier this month, Take Charge Indy won the Florida Derby, which had a purse of $1 million.