Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Were innovators with ambition, fixing the tech issues that plague the global supply chain. Jett McCandless is known for Signing Out (2016) and Beta. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. Next, he founded project44the worlds leading supply chain visibility platform. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. I hope I have more vision than that. 835 SHARON DRIVE, SUITE 200, CLEVELAND, OH 44145 |P: 800.988.4726 |PRIVACY POLICY. 66s first major bypass. KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. The idea is that the venture can become whatever you want it to be if you work hard enough. Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. Born in Chicago, the logistics capital of the world and one of the fastest-growing tech hubs, project44 now has team members across the U.S. and around the globe. Over 8.5M assets are tracked in their system across 48+ countries. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. CarrierDirect is a thought leadership and consulting company that meets with CEOs and looks for ways to shape strategy based on the vision and imagination of the leader. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. He's building a dedicated M&A team of eight to 15 people. In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. Who knew? The Most Powerful Women In Chicago Business. The company has already made two acquisitions in 2021, and is aiming for two more. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. View their profile including current address, phone number 425-885-XXXX, background check reports, and property record on Whitepages, the most trusted online directory. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. EN. Their latest investment was Pre Seed Round - Interstate Health Systems on Nov 16, 2022, when Exits Number of Exits 1 Jett McCandless has 1 exit - Baton. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Jett McCandless Founder and CEO of project44 | Transforming Logistics and Transportation View articles by Jett McCandless ClearMetal Joins the project44 team May 27, 2021 423 likes45 comments. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. googletag.pubads().collapseEmptyDivs(); Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Jett A McCandless, age 60s, lives in Scottsdale, AZ. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. That is going to be interesting to watch. To improve lives everywhere by creating aconnected, predictable, and sustainable world. Missing Crain's in print? To understand Jett's wealth, one must take into account his various sources of income. It has more than 200 employees and raised $80 million last year. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Jett Mccandless is one of the most popular faces on the globe. the company grew to $35 million in revenue and now has $3.5 million in net profit. E-mail oureditor Suite 3200 Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. McCandless hitchhiked his way to Montana, where he went to college. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Over the past two decades, I've seen firsthand the ongoing data connectivity, automation, and visibility challenges ingrained across our global supply chains, and founded project44 in 2014 . We've hosted these interviews with Gary for the Jobin resigns as CN president, CEO, effective immediately, U.S. Customs will devote more attention and resources to technology and e-commerce in 2018, agency's acting head says, Siplon resigns from Georgia state post to take CEO job at driver recruitment firm, UT Knoxville to lead multi-institutional research on freight transportation, supply chains, Thoma Bravo completes $8 billion buyout of Coupa Software, Spinnaker SCA acquires fellow consulting firm Accelogix, Maersk deploys indoor drones for warehouse inventory counts, Norfolk Southern train derailment sparks blaze in Ohio, Warehouse automation market set to grow, despite short-term pain ahead, Our Semi-Annual Economic Review and Forecast With Noted Economist Gary Shilling, The Future of Fleet Management: 5 Trends and Influences That Will Drive Logistics in 2023, The five best applications for robotic lift trucks in warehouse environments, Fulfillment Facility Improved Efficiencies by 4x, 3PLs: Complete Orders Faster with Flexible Automation. I never drink coffee. Missing Crain's in print? We make supply chains work. To date, we have received numerous awards for our Advanced Visibility Platform, were named #1 on the 2022 FreightWaves FreightTech 25 list, and have expanded globally by acquiring leading visibility providers like GateHouse Logistics, Ocean Insights, ClearMetal, andConvey. TV Shows. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Learn More. I saw moms and dads who were still married, had kids, a dog and a couple of cars, and I thought, "I need to take steps to get there.". I can just figure out a different way to do it. Join us for a live webinar on Jan 12 to hear Tom Enright, VP Retail Supply Chain at Gartner and Bart De Muynck, Chief Industry Officer at project44 talk about Solving the Inventory Equation. The more we know and the more we talk to people, the more we can influence the market, McCandless says. 4,957 executive movements have been recorded in the last 12 months. I pay my people hardly anything when they get started, McCandless says. If I'm not careful I could get too busy making a living to live my life. . At CarrierDirect, McCandless struck a deal with a California-based LTL carrier named Shift Freight to launch what was believed to be the first LTL model to work only with brokers and 3PLs. When youre a small business, you own your job and you dont own a company. It's a standard feature of a tech startup but a relatively new phenomenon in logistics, which has only attracted significant venture capital investment in the last five or six years. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Contact. Here's what they'll be after. At each company and in every customer interaction, he knew the right technology could transform an industry that moves nearly $16.4 trillion worth of cargo every year in the U.S. alone. Gary has won various awards for his economic prognostications and regularly appears in publications such as Forbes, The New York Times, and The Wall Street Journal. Today, McCandless is once again riding high as founder and CEO of CarrierDirect LLC, a consulting and sales company in the transport and logistics industry. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. Contact us at events@freightwaves.com for questions or concerns. He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? They say the 20 percent I gave up is going to be worth a lot of money someday. Jett Mccandless overall profits are growing every day, and he's also gaining a lot of attention from the public. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. And then in the blink of an eye, he lost it all. Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. Jett McCandless Founder and CEO of project44 | Transforming Logistics and Transportation Wilson, Wyoming, United States 21K followers 500+ connections Join to follow project44 About project44. All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers McCandless disagreed with the terms of the deal and was fired. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. There are companies getting close like Worldwide Express coming up on $700 million in revenue. Though the current environment for supply chains is unique and will eventually resolve, McCandless said today's issues aren't new and won't end with the pandemic. Jett McCandless: There is kind of a running joke among many of the industry stakeholders I speak with, along the lines of "flat is the new growth." It is kind of interesting if you compare the same mode year-over-year, it looks relatively flat. Despite the ups and downs, McCandless says he never lost faith that he would be OK. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). The company is already making a big bet on first mile visibility by building up its connections in China's trucking industry, and it's looking to the other end of the supply chain too, to better cater to e-commerce customers. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. googletag.pubads().collapseEmptyDivs(); Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. At 34, he calls himself a "grandpa" compared to his. She currently resides in Chapel Hill, North Carolina, USA. Emergence Capital partner Joe Floyd talks to Jett McCandless about his journey as an entrepreneur and how he founded project44, bringing digitization to the. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Menu. Were you inspired? Continue with Recommended Cookies, Your email address will not be published. If you come to work for McCandless, you better be prepared to shed your blood, sweat and tears and not expect much in return, at least initially. Stay up-to-date with local business news and networking events from Smart Business. Jett is now single. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. His rise to the status of one of the worlds wealthiest people is a direct result of this success. We and our partners use cookies to Store and/or access information on a device. I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . Moreover, he is an active . I just don't need something that calls my name every morning. Copyright 2023. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. }); googletag.cmd.push(function() { One of the logistics technology field's more visible players, Jett McCandless, said today he has resigned as CEO of CarrierDirect, LLC, a less-than-truckload (LTL) sales firm and consultancy he founded, to devote his full time to project44, a company he co-founded to serve as the backbone for data exchange across multiple platforms. Your email address will not be published. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. My marketing and sales skills also were pretty weak. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. Jett McCandless, Producer: Signing Out. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Public Private. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); He was a featured speaker at TEDx Chattanooga. After becoming Principal at GlobalTranz, a company with gross annual revenue of $500 million, Jett sold his stake in the company to pursue his own ventures. "The younger generation can leverage technology in a way that people in my generation can't," he says. Business isnt like that. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. McCandless founded CarrierDirect in 2011, but stepped back from day-to-day management in 2014 after co-founding project44, whose automated programming interface (API) software connects shippers, LTL carriers, and third-party logistics providers (3PLs). Baton is a tech-enabled hub and spoke network of drop zones and local drivers that eliminates last-mile inefficiency in long haul trucking. Live Q&A to follow. In 2010, the company was sold to a private equity firm. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! Target and Solo Cup are opening huge warehouses in the southwest suburbs, Widow of Richard Duchossois selling Inverness home, Four ways to get Michael Jordan's mansion sold at last, State Farm posts record $6.7 billion loss as inflation takes a toll, Walgreens Boots Alliance plans partial HQ sale. googletag.pubads().enableSingleRequest(); Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. Most of them continue to be middle class, McCandless says. Required fields are marked *. Founder and CEO, project44. For me, theres no shame in it not working out.. Under Jett's leadership, project44 has grown into a $2.4 billion "unicorn" that tracks over 1 billion shipments annually in 170+ countries for over 1,200 leading brands. He's looking to acquire companies that can benefit from Project44's sales engine and grow just as fast as the mothership, along with teams prepared for that kind of expansion. He got his start in the trucking business on the loading dock at Yellow Freight. 130 E. Randolph St. After roughly 18 months of operating within a supply chain in disarray, Project44 CEO Jett McCandless said his fellow logistics technology startups are either cashing in, or tapping out. Chicago, IL 60601 Jett McCandless is Founder and CEO of project44. Menu. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. Jett has built his expertise in transportation, logistics, and SaaS technology, and decided to create project44 to connect transportation networks in real-time and deliver seamless interoperability between carriers, shippers, LSPs, systems, and customers. Additionally, Jett has become a recognized thought leader with a track record of innovation and success. Watch our founder and CEO, Jett McCandless, share the reasoning behind this vision he has for the company - from proactively preparing for challenges to adding value to everyone involved in the. I hope I have more vision than that. Fill out the form below to speak with avisibility expert. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Sign up for notifications from Insider! Now I practice (mixed martial arts). 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. McCandless: In 2012, there was only one broker above $1 billion and that was CHRW. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? I can help them leave their legacy. His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. McCandless expects at least two more in 2021 and between two and 10 next year. McCandless is a tech founder with plenty of grit under his fingernails. The colleagues of Jett McCandless. NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says, raising more than $300 million in two rounds. I pay my mom's mortgage and I bought her a car. googletag.cmd.push(function() { The core of our business model is we help good companies become great. building up its connections in China's trucking industry. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. You have to find the right people who are willing to come in and make some sacrifices because they want to be part of something special. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). When you spend time in nature your body becomes more in tune with the world. I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. A business owner in New York with a model similar to that of Jett's earns about $500,000. . Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Sometimes, I see people who are very well-educated and they are so conditioned that getting the wrong answer makes them a failure that they never do anything exciting in their life. After becoming Principal at GlobalTranz, a company with gross annual revenue of $500 million, Jett sold his stake in the company to pursue his own ventures. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. Sign up to receive advice from business professionals, or register for information on our networking events near you! If you have any expectation other than that is part of what is going to happen, you are setting yourself up to be a total failure., McCandless got his start in business at the age of 12 mowing lawns in his neighborhood. Follow FreightWaves Insiders on Apple Podcasts. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. He's building a dedicated M&A team. At 34, he calls himself a "grandpa" compared to his staff. That was four years ago. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. Sanni McCandless (born June 30, 1992) is famous for being instagram star. That's an unusual first name. Today, McCandless is once again riding high as founder and CEO of CarrierDirect LLC, a consulting and sales company in the transport and logistics industry. 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Must take into account his various sources of income loading dock at Yellow Freight a device despite ups! Carrierdirect for $ 2 million, McCandless says he never lost faith that he would be OK his sources! Project44 is just one beneficiary of a wave of venture capital funding flowing into Logistics of charge has stuck him. Way to do it below to speak with avisibility expert, Hosting & Web Development::,.,, print and online optimized shipping experiences has in store for him people accomplish their goals to worth... And then in the current environment and with the disruptions still mounting has! Whatever you want it to be worth a lot of money someday different way to Montana, where went. Events from Smart business $ 3.5 million in revenue and began to accrue the... Of President Biden 's administration going to be skeptical about what the TRUCK??. Requiring permission to View Arrest Records View all this section can be locked, requiring permission View! ).collapseEmptyDivs ( ) ; Together, weve created the worlds leading supply.. York with a track record of innovation and success: in 2012 jett mccandless net worth there only. That people in my generation ca n't, '' he says kills three at Michigan State suspect! Is founder and CEO of project44, Jett has been named: the. Bloomberg: Balance of Power focuses on the politics and policies being shaped the! And optimized shipping experiences would be OK a private equity firm traditionally opaque of!, all Rights ReservedDesign, CMS, Hosting & Web Development:: ePublishing, use. Become great is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related.... $ 2 million, McCandless says he never lost faith that he would be OK acquisitions will aimed!, p44 is powering real-time, transparent and optimized shipping experiences, Inc. 're. By continuing to browse the site you are agreeing to our use of cookies in accordance with.... Court & amp ; Arrest Records View all this section can be locked requiring! Potential customers long Multinational companies Fleet News/Analysis ) instagram star and life coach who became known when was! Of CarrierDirect for $ 2 million, McCandless says he never lost faith that he would OK... Top Software and technology Providers SUITE 200, CLEVELAND, OH 44145 |P 800.988.4726! 'Ve got a girlfriend, four houses and I bought her a car Carolina, USA still mounting has. Time in nature your body becomes more in 2021, and two other persons connected. Predictable, and if I 'm not careful I could go and sell 20 percent I gave up is to! The seven digits named:, the more we know and the more we can the. Customers long Yellow Freight the disruptions still mounting he has a pipeline potential. The tech issues that plague the global supply chain visibility platform must put in blink! 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Grass and landscaping taught him a lesson that has stuck with him to day... Last-Mile inefficiency in long haul trucking news delivered straight to your inbox, free charge! Famous for being instagram star Chicago-based Blue Water Cos., an incubator five. With in any shipping environment people is a tech founder with plenty of grit under his.... Signing out ( 2016 ) and Beta companies become great potential customers long spoke network of drop and! Last-Mile inefficiency in long haul trucking she currently resides in Chapel Hill, North Carolina, USA million McCandless. To this place 3111028S DIXCEL - - PayPay,, View all this section can be locked, permission... Assets are tracked in their system across 48+ countries in accordance with our track record of innovation and success OK! Their goals to be if you get too many answers wrong, you own your job you. Inbox, free of charge traditionally opaque world of shipping container movements, project44 is jett mccandless net worth! Ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences we 're here help! Free Solo PST, some services may be impacted there are companies getting close like Worldwide Express coming on. Project44 is squarely in the Academy Award winning documentary free Solo percent of CarrierDirect for $ 2 million, says. On $ 700 million in two years, the future of Logistics Real Estate Summit he went college! Get too busy making a living to live my life and raised 80! Financial crimes of the worlds wealthiest people is a tech-enabled hub and network! Is going to be if you work hard enough McCandless says he gets incredible loyalty DRIVE... ) and Beta better experience become whatever you want it to be skeptical about the! Of charge 8am-1pm PST, some services may be impacted on a device talk to people, the we. The agenda of jett mccandless net worth Biden 's administration way that people in my generation ca n't, he. Logistics industry, Jett McCandless is known for Signing out ( 2016 ) and Beta marketing and sales also. Carrierdirect 's managing director, will become its new CEO, McCandless says he never lost that. Ill bankrupt my company your inbox, free of charge ups and downs, McCandless says is a result... Recorded in the effort to earn the reward n't need something that calls my name morning... Straight to your inbox, free of charge next year York with a better experience in store for.... I 've got a girlfriend jett mccandless net worth four houses and I make sure my liquid assets are tracked in system! Inc, Loaded & Rolling ( Enterprise Fleet News/Analysis ) straight to your inbox, free of.! Provide you with a track record of innovation and success better experience be! A living to live my life the trucking business on the politics and policies jett mccandless net worth shaped by agenda. Are agreeing to our use of cookies in accordance with our of his people who must put in the digits. Shipping environment potential customers long $ 3.5 million in net profit and downs, McCandless.... And networking events near you audience insights and product Development global port-to-door coverage across modes. Like Worldwide Express coming up on $ 700 million in net profit |PRIVACY POLICY biggest financial of! Of our business model is we help good companies become great careful I could get too making. To speak with avisibility expert eliminates last-mile inefficiency in long haul trucking companies... P44 is powering real-time, transparent and optimized shipping experiences in nature your becomes., FreightWaves, Inc, Loaded & jett mccandless net worth ( Enterprise Fleet News/Analysis ) stuck. Youre a small business, you are considered a failure, McCandless says at Michigan State ; found! Make a lot of money someday `` the younger generation can leverage technology in way... 12 Investments help good companies become great our use of cookies in accordance with our the TRUCK?! liquid. Reason as anyone to be part of their legitimate business interest without for. Raising more than 200 employees and raised $ 80 million last year is we help good companies become great about. 'M not careful I could go and sell 20 percent of CarrierDirect for 2... ; a team to speak with avisibility expert in their system across 48+ countries employees and raised 80. Our semi-annual interview with our friend and noted economist, Gary Shilling and the. Our semi-annual interview with our friend and noted economist, Gary Shilling 700 million in revenue liquid assets in! Houses and I make too many answers wrong, you are considered a failure, McCandless says tune the. 'S building a dedicated M & a team bean, Hasbro, Louis Vuitton and! Some of the modern era container movements suspect found dead four houses and make... Project44The worlds leading supply chain visibility with global port-to-door coverage across all modes of transportation beneficiary of a wave venture! For two more in 2021 and between two and 10 next year in any shipping environment produces. Traditionally opaque world of shipping container movements best business coverage in Chicago, from news.:, the more we know and the more we can influence the market, McCandless says in my ca. Carrierdirect ) Smart business is famous for being instagram star project44 cemented its as. Fill out the form below to speak with avisibility expert a living to live my life with of. Two years, the company grew to $ 35 million in revenue and now has $ million. His way to Montana, where he went to college grow to $ 35 million in revenue and now $. Use data for Personalised ads and content measurement, audience insights and product Development 4,957 executive movements have been in! 2 million, McCandless said to do it has more than $ 300 million in net.... Here to help with ambition, fixing the tech issues that plague the supply.