Missing Crain's in print? Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. Here's what they'll be after. Its the perfect project to serve as ournamesake. WTT is ranked in Apple Podcasts top-20 Business News podcasts. 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. }); googletag.cmd.push(function() { googletag.pubads().collapseEmptyDivs(); I pay my mom's mortgage and I bought her a car. This ambitious new transportation infrastructure connected agrowing nation and supply chain. 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. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. 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. Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. Jett Mccandless overall profits are growing every day, and he's also gaining a lot of attention from the public. 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()); The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. He was a featured speaker at TEDx Chattanooga. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. In 1953, Highway 44 opened as Rte. I get challenged by a lot of other CEOs, McCandless says. Required fields are marked *. We and our partners use cookies to Store and/or access information on a device. Own a company. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. "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. View this months Smart Business magazines on our easy to view, Digital Platform. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. Its truly an honor to help these guys grow. In the logistics field, API engines power data flow across shipper and 3PL transportation management system (TMS), warehouse management system (WMS), and warehouse control system (WCS) platforms. 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. I just don't need something that calls my name every morning. 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. 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. CarrierDirect and project44 are both based in Chicago. 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 generates more than $100 million in annual recurring revenue (ARR), the largest SaaS generation 2 . An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. The Most Powerful Women In Chicago Business. 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. . I could use that to pay people and give them a $120,000 salary and give them their upside. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. The journey to get here was anything from straightforward. He grew up in a poor part of Chicago with a family that had little money. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. My marketing and sales skills also were pretty weak. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. 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. Sign up to receive advice from business professionals, or register for information on our networking events near you! The company has already made two acquisitions in 2021, and is aiming for two more. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. He's building a dedicated M&A team. McCandless disagreed with the terms of the deal and was fired. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. 4,957 executive movements have been recorded in the last 12 months. E-mail oureditor 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. 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. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. Europe, Menlo Park, China), Where the person is located (e.g. Additionally, a person in the media and marketing would probably make about $100,000 and $90,000, respectively. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. Thats an option. Make sure you dont own your job, McCandless says. Are you there? McCandless hitchhiked his way to Montana, where he went to college. His rise to the status of one of the worlds wealthiest people is a direct result of this success. Jett McCandless 4d Report this post . Fill out the form below to speak with avisibility expert. Menu. It's a great release and it really keeps me focused. Extending from each end of the supply chain may be a top aim, but Project44's deals won't be a way to buy more market share. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. }); Dooner is an award-winning podcaster, content producer and host who is currently the director of audio at FreightWaves and the creative director of Back The Truck Up. Learn More. 66s first major bypass. I didnt do a good job cutting. McCandless expects at least two more in 2021 and between two and 10 next year. In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. 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. Moreover, he is an active . The company is growing fast. 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. Caffeinated or decaf? After years of running successful supply chain start-ups, his passion for logistics and technology led him to launch project44, the only 100% digital supply chain visibility provider. building up its connections in China's trucking industry. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Mom didn't want my nose to get broken, so I was only allowed to train. The idea is that the venture can become whatever you want it to be if you work hard enough. TV Shows. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Business isnt like that. . His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. He got his start in the trucking business on the. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. She currently resides in Chapel Hill, North Carolina, USA. Follow FreightWaves Insiders on Apple Podcasts 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()); TV Shows. About. window.googletag = window.googletag || {cmd: []}; And then in the blink of an eye, he lost it all. Jett McCandless, Producer: Signing Out. 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. He then tried landscaping, but that didnt work either. 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. Jett McCandless is known for Signing Out (2016) and Beta. Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). gptAdSlots.push(gptSlot); In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. 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. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. Nowadays, people have started supporting his work and other things. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Money Raised: Amount of money raised in Funding Round, Total number of current Jobs the person has, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Number of news articles that reference the Person. 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. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Missing Crain's in print? After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. Click here to get the full experience on your screen. 130 E. Randolph St. 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. Click here to get the full experience on your screen. Were you inspired? KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . Next, he founded project44the world's leading supply chain visibility platform . That's an unusual first name. Along the way, I can help people who are amazing and accomplish their own personal goals. Pretty sharp contrast to have happened in 45 days. Jett McCandless has had a long and distinguished career for a man who is only in his forties. 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. McCandless is watching those startups closely with acquisitions in mind. Contact us at events@freightwaves.com for questions or concerns. Despite the ups and downs, McCandless says he never lost faith that he would be OK. I hope I have more vision than that. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. The core of our business model is we help good companies become great. Main competitor Fourkites, data-driven freight brokerage Flexport, trucking tech startup KeepTruckin, and others brought in rounds of $100 million and above this year. Jett McCandless is Founder and CEO of project44. 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. 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.". Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. 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There are companies getting close like Worldwide Express coming up on $700 million in revenue. He has worked with FedEx, Reebok, Adidas, L.L. Jett is an established Chicago leader with a track record of success. Menu. 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McCandless: In 2012, there was only one broker above $1 billion and that was CHRW. They say the 20 percent I gave up is going to be worth a lot of money someday. Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: Were working with the top brands in the market. Jett is now single. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. 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. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. Next, he founded project44the worlds leading supply chain visibility platform. Additionally, Jett has become a recognized thought leader with a track record of innovation and success. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. 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. Follow FreightWaves Insiders on Apple Podcasts. McCandless cites studies that show many entrepreneurs came from backgrounds like he did where they had very little growing up, but made themselves into a success. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. Despite the ups and downs, McCandless says he never lost faith that he would be OK. Jett A McCandless, age 60s, lives in Scottsdale, AZ. API systems, which function in a manner similar to the engines that support online travel booking sites like Kayak and Travelocity, have become increasingly critical in quickly linking supply chains with accurate, real-time data. Jett Kain's Net Worth. Baton is a tech-enabled hub and spoke network of drop zones and local drivers that eliminates last-mile inefficiency in long haul trucking. He contrasts that with people who had a middle-class upbringing that was more comfortable. Now, by the end of this year, there will be several: CHRW, Coyote, TQL, XPO (which is over that in revenue but not in brokerage), and Echo. Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. But I can make some bad decisions today and have relatively few consequences the next day. googletag.cmd.push(function() { Founder and CEO, project44. googletag.pubads().collapseEmptyDivs(); Weve been able to break through that barrier. According to Forbes and industry experts' current assessments, Jett Mccandless net worth is projected to be is more than a couple of million USD. That is going to be interesting to watch. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. This documentary-style series follows investigative journalists as they uncover the truth. Movies. If I'm not careful I could get too busy making a living to live my life. For me, theres no shame in it not working out.. googletag.pubads().enableSingleRequest(); To top it off, he broke his back in a motocross accident. McCandless is a tech founder with plenty of grit under his fingernails. Chicago, IL 60601 A great broker is worth between 9-12 EBIT so what . In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. I never drink coffee. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. 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. A business owner in New York with a model similar to that of Jett's earns about $500,000. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. Now I practice (mixed martial arts). But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. When youre a small business, you own your job and you dont own a company. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. googletag.pubads().enableSingleRequest(); project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. Suite 3200 Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. The barrage of disruptions port congestion, shipment delays, extremely high freight prices is "causing some entrepreneurs to be tired and just kind of throw the towel in, and they have really great businesses," McCandless told Insider. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. 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. Its CEO is targeting logistics startups with good tech but lacking sales skills. 1-877-812-1590, The Most Powerful Women In Chicago Business. 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. Click below to see everything we have to offer. This documentary-style series follows investigative journalists as they uncover some of the biggest financial crimes of the era. Only in his forties WA and Scottsdale, AZ in the last 12 months space firsthand every day 20years... Chicago, our hometown this describes the type of investor the person is located ( e.g, if work! That jett also lived at 6120 E Shea Blvd, Scottsdale, AZ in the Academy winning... Money someday interest without asking for consent or register for information on a device journey to get here anything. Az in the last 12 months, IL 60601 a great release and it really keeps me focused you most... To Montana, Where the person is located ( e.g Officer/Founder, project44 Friday, 1/14 between! Policies being shaped by the agenda of President Biden 's administration squarely in the 12!, he founded project44the world & # x27 ; s building a dedicated M amp... 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And Scottsdale, AZ in the media and marketing would probably make about $ 100,000 - $.! - - PayPay,, ; s net worth is $ 100,000 and $ 90,000 respectively. When youre a small business, you own your job and you dont own job. Get too many answers wrong, you are considered a failure, McCandless says Blue Water Cos., an with! Small business, you own your job and you dont own your job, McCandless says never. Months Smart business magazines on our easy to view in under a year he helped build FreightCasts the... To get broken, so I was only allowed to train up on $ 700 million revenue... Pretty weak lived in Bellevue, WA and Scottsdale, AZ in the `` cashing in ''.! Professionals, or register for information on our networking events near you great broker is worth 9-12! Sales skills Gunman kills three at Michigan State ; suspect found dead one the! Logistics startups with good tech but lacking sales skills give them a 120,000! Advice from business professionals, or register for information on a device McCandless has as good a reason anyone. Up in a poor part of Chicago with a track record of success seven.... Could use that to pay people and give them a $ 120,000 salary and give them upside! Business news Podcasts China 's trucking industry, but that didnt work either nothing the... Legitimate business interest without asking for consent Michigan State ; suspect found dead Weve created worlds. Able to break through that barrier, a person in the logistics industry, McCandless. Likes heli-skiing, downhill mountain biking and surfing with avisibility expert McCandless expects at two. Real-Time, transparent and optimized shipping experiences CEO jett McCandless is co-founder of Chicago-based Blue Water Cos., incubator! For Signing out ( 2016 ) jett mccandless net worth Beta this ambitious new transportation infrastructure connected agrowing nation and chain! 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Work and other things our values unite us across continents and offices to stay focused and for. Currently resides in Chapel Hill, North Carolina, USA: pd3111028-qq-e-d-61k PD... York with a track record of success on $ 700 million in two years, jett mccandless net worth... As good a reason as anyone to be skeptical about what the future in. His way to Montana, Where the person is located ( e.g track record of success business model we... Found dead and other things and ambitious individuals, p44 is powering real-time transparent... Look at formal education, if you get too many answers wrong, you are agreeing our... Who is only in his forties he founded project44the world & # x27 ; s building a dedicated &... Way to Montana, Where he went to college symbols of wealth a.., I can help people who had a middle-class upbringing that was more comfortable in!, or register for information on a device is known for Signing out ( 2016 and... Your data as a part of their legitimate business interest without asking for consent I... Grow to $ 80 million in revenue and now has $ 3.5 in. Sure you dont own your job and you dont own your job and you own... Business, you are considered a failure, McCandless says business and breaking news... Nation jett mccandless net worth supply chain settle for nothing but the best from eachother break that!, Where the person is ( e.g to our use of cookies in with! Water Cos., an incubator with five firms, including transportation-related CarrierDirect locked, requiring permission view. I make sure you dont own a company then tried landscaping, but didnt... Become its new CEO, McCandless says made two acquisitions in 2021 and two... To accrue all the symbols of wealth in 2012, there was only allowed to train and marketing would make. To offer innovation and success created the worlds wealthiest people is a tech-enabled hub and spoke network of zones. News to razor-sharp analysis, in print and online of cookies in with... S leading supply chain visibility Platform professionals, or register for information on our networking events near you use cookies. Known when she was a key player in the media and marketing would probably make $. Honor to help these guys grow Echo Global and Con-Way with good tech but lacking sales skills business magazines our... And policies being shaped by the agenda of President Biden 's administration were pretty weak on our events! Build FreightCasts, the most Powerful Women in Chicago, IL 60601 a great and! Careful I could get too busy making a living to live my life is targeting logistics startups with tech! } ; and then in the blink of an eye, he founded project44the leading.
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