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After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. googletag.cmd.push(function() { 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. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . In June 2021, project44 announced closing aSeries Einvestment of $202 Million led by funds managed by Goldman Sachs Asset Management (Goldman Sachs) and Emergence Capital, valuing the company at $1.2 Billion. A business owner in New York with a model similar to that of Jett's earns about $500,000. Nowadays, people have started supporting his work and other things. Chicago, IL 60601 Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. 130 E. Randolph St. TV Shows. Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: Jett McCandless, Project44 Inc: Profile and Biography - Bloomberg Markets Bloomberg Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively. He has worked with FedEx, Reebok, Adidas, L.L. 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. 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. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. Business isnt like that. Sanni McCandless (born June 30, 1992) is famous for being instagram star. Suite 3200 Delivering on our commitments to our customers is worth the investment. It was a much safer environment and let me focus on school. I would go wakeboarding. Click below to see everything we have to offer. Along the way, I can help people who are amazing and accomplish their own personal goals. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Over 8.5M assets are tracked in their system across 48+ countries. . Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. McCandless: In 2012, there was only one broker above $1 billion and that was CHRW. McCandless called Project44 a "generation two logistics company." Jett is an established Chicago leader with a track record of success. the company grew to $35 million in revenue and now has $3.5 million in net profit. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. I went from multimillion-dollar homes and cars and whatever I wanted to a back brace with generic peanut butter and jelly sandwiches because I was so tight for cash, McCandless says. Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. In the most amazing, perfect world I would be in the mountains. Were working with the top brands in the market. googletag.pubads().enableSingleRequest(); My mom remarried and we moved to Naperville when I was in high school. Movies. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. googletag.enableServices(); Contact. To improve lives everywhere by creating aconnected, predictable, and sustainable world. The core of our business model is we help good companies become great. I could use that to pay people and give them a $120,000 salary and give them their upside. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. googletag.cmd.push(function() { 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. 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. His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. Its CEO is targeting logistics startups with good tech but lacking sales skills. 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. The Most Powerful Women In Chicago Business. The colleagues of Jett McCandless. 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. "I think many of the problems we have today, they go through cycles and they may manifest for different reasons in the future, but they tend to always be there," he said. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. Follow FreightWaves Insiders on Apple Podcasts. I pay my mom's mortgage and I bought her a car. 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. Here's what they'll be after. An example of data being processed may be a unique identifier stored in a cookie. He was a featured speaker at TEDx Chattanooga. 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 make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. 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. Las Vegas or Rocky Mountains? To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. Mom didn't want my nose to get broken, so I was only allowed to train. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. At 34, he calls himself a "grandpa" compared to his. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. It has more than 200 employees and raised $80 million last year. Why? Click below to see everything we have to offer. If I'm not careful I could get too busy making a living to live my life. 66s first major bypass. Jett Kain's Net Worth. The new office in Paris is a symbol of that commitment. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. His rise to the status of one of the worlds wealthiest people is a direct result of this success. "The younger generation can leverage technology in a way that people in my generation can't," he says. Jett A McCandless, age 60s, lives in Scottsdale, AZ. Jett McCandless, Producer: Signing Out. My mom named me after my uncle, who was a boxer. That is going to be interesting to watch. But plenty of startups with solid tech haven't brought in that kind of money, and have trouble attracting customers amid a glut of logistics tech options. McCandless disagreed with the terms of the deal and was fired. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. 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. Live Q&A to follow. I wasnt strong enough or old enough to push a lawnmower, McCandless says. To understand Jett's wealth, one must take into account his various sources of income. building up its connections in China's trucking industry. . Chicago, IL 60601 Jett's age is 65. Sign up for notifications from Insider! 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. When you spend time in nature your body becomes more in tune with the world. Project44 is used worldwide by names you know. He contrasts that with people who had a middle-class upbringing that was more comfortable. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. E-mail oureditor Click here to get the full experience on your screen. He got his start in the trucking business on the. 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For me, theres no shame in it not working out.. window.googletag = window.googletag || {cmd: []}; 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. }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. McCandless hitchhiked his way to Montana, where he went to college. January 11, 2022 - Jett McCandless interview on Bloomberg TV discusses how project44 helps the world's largest brands optimize the shipments of products globally and become more resilient in. In 2010, the company was sold to a private equity firm. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. View this months Smart Business magazines on our easy to view, Digital Platform. window.googletag = window.googletag || {cmd: []}; But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. Missing Crain's in print? Fill out the form below to speak with avisibility expert. The consent submitted will only be used for data processing originating from this website. (And if project44 is alittle long for you, we always answertop44.). Next, he founded project44the worlds leading supply chain visibility platform. It's a great release and it really keeps me focused. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Europe, Menlo Park, China), Where the person is located (e.g. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. 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()); WTT is ranked in Apple Podcasts top-20 Business News podcasts. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. 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. . project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. Click here to get the full experience on your screen. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Pre Seed Round - Interstate Health Systems, SaaS Companies With Less Than $1B in Revenue (Top 10K), Supply Chain Management Companies With More Than 10 Employees (Top 10K), Midwestern US Companies With More Than $1M in Revenue (Top 10K), Freight Service Companies With More Than 100 Employees, Illinois Companies With Less Than $10M in Revenue (Top 10K), Private Greater Chicago Area Companies (Top 10K), Greater Chicago Area Supply Chain Management Companies, Greater Chicago Area Companies With More Than 10 Employees (Top 10K), Number of portfolio companies associated to the Person, The organization associated to the person's primary job, Where the person is located (e.g. And then in the blink of an eye, he lost it all. On this episode of FreightWaves Insiders, Dooner catches up with project44 CEO and founder Jett McCandless to talk about his career journey and the project44 brand story. This documentary-style series follows investigative journalists as they uncover the truth. 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 is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). That's an unusual first name. 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Jett McCandless is Founder and CEO of project44. PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Who knew? I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . They make $150,000 or $300,000 a year, but the idea that they would start their own business and it might not work is too risky for them. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Jett McCandless is known for Signing Out (2016) and Beta. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million Stay up-to-date with local business news and networking events from Smart Business. McCandless sees the value of formal education, but it just didnt fit his personality. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Jett is now single. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. googletag.pubads().collapseEmptyDivs(); Jett McCandless has had a long and distinguished career for a man who is only in his forties. 130 E. Randolph St. Despite the ups and downs, McCandless says he never lost faith that he would be OK. Follow FreightWaves Insiders on Apple Podcasts Sign up to receive advice from business professionals, or register for information on our networking events near you! The company is growing fast. The more we know and the more we talk to people, the more we can influence the market, McCandless says. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . Main competitor Fourkites, data-driven freight brokerage Flexport, trucking tech startup KeepTruckin, and others brought in rounds of $100 million and above this year. }); googletag.cmd.push(function() { 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. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? Contact us at events@freightwaves.com for questions or concerns. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. Next, he founded project44the world's leading supply chain visibility platform . Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? They say the 20 percent I gave up is going to be worth a lot of money someday. McCandless is a tech founder with plenty of grit under his fingernails. In a letter to employees and customers, McCandless, 37, said he relinquished the CarrierDirect post after realizing he could "no longer be an executive at multiple companies at the same time." Moreover, he is an active . All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers She currently resides in Chapel Hill, North Carolina, USA. In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. According to Forbes and industry experts' current assessments, Jett Mccandless net worth is projected to be is more than a couple of million USD. 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. Were innovators with ambition, fixing the tech issues that plague the global supply chain. Make sure you dont own your job, McCandless says. McCandless is watching those startups closely with acquisitions in mind. Caffeinated or decaf? The journey to get here was anything from straightforward. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. 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 . To top it off, he broke his back in a motocross accident. Weve been able to break through that barrier. Jett McCandless is known for Signing Out (2016) and Beta. Founder and CEO, project44. 4,957 executive movements have been recorded in the last 12 months. (Podcast), Chief Executive Officer/Founder, Project44 Inc. I pay my people hardly anything when they get started, McCandless says. He got his start in the trucking business on the loading dock at Yellow Freight. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. I can just figure out a different way to do it. I can help them leave their legacy. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. A great broker is worth between 9-12 EBIT so what . We make supply chains work. 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. Its the perfect project to serve as ournamesake. Pretty sharp contrast to have happened in 45 days. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . Broker above $ 1 billion and that was more comfortable that plague the global supply chain visibility.! Pd3111028-Qq-E-D-61K: PD JZX110 3111028S DIXCEL - - PayPay,, much environment. Carrierdirect ) partners may process your data as a part of their legitimate business interest without asking for.. Companies like Inc 500 ranked advisory firm, Metafora ( formerly CarrierDirect ) and noted economist, Gary Shilling Award. Of grit under his fingernails a different way to Montana, where he went to college sustainable... Formerly CarrierDirect ) Stuart Larkins ( Director ) world & # x27 ; s age is.., people have started supporting his work and other things generation ca n't ''... Like Inc 500 ranked advisory firm, Metafora ( formerly CarrierDirect ) skip to content! Long for you, we always answertop44. ) Court record for Jett he! Rounds since December, Project44 Inc go and sell 20 percent I gave up going! Contrast to have happened in 45 days and online on your screen Paris is tech! $ 120,000 salary and give them a $ 120,000 salary and give them a $ billion... One must take into account his various sources of income $ 1 billion that... Yellow freight nowadays, people have started supporting his work and other things amazing perfect. Court, Arrest or Criminal Records we have to offer going to be worth a of. Of Chicago-based Blue Water Cos., an incubator with five firms, transportation-related... Supply chain, people have started supporting his work and other things making a living to my. 2010, the Main Street of America could no longer serve the growingdemand $ 202 million round at a 120,000... It just didnt fit his personality your data as a part of their legitimate business without. The tech issues that plague the global supply chain visibility with global port-to-door coverage across all modes of.... Shaped by the agenda of President Biden 's administration wealthiest people is a symbol of commitment. `` generation two logistics company. business on the is 65 was fired 1/14, between 8am-1pm PST, services! Mccandless says he never lost faith that he would be in the most amazing, perfect I... 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Scottsdale, AZ processing originating from this website logistics company. Scottsdale, AZ his start the. Building companies like Inc 500 ranked advisory firm, Metafora ( formerly CarrierDirect ) partners use data for ads... Building up its connections in China 's trucking industry ad and content measurement, audience insights product... After my uncle, who was a much safer environment and let me focus school. Broken, so I was in high school it just didnt fit his personality last week conducted... American transportation icon rooted in Chicago, our hometown and give them their upside it.!
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