Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. 130 E. Randolph St. And then in the blink of an eye, he lost it all. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. Chicago, IL 60601 The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. 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. window.googletag = window.googletag || {cmd: []}; Were working with the top brands in the market. He took unpaid ride-alongs with sales reps to work his way into sales, eventually landing Walmart as a client. Here's what they'll be after. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. A great broker is worth between 9-12 EBIT so what . Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. Menu. Contact. This documentary-style series follows investigative journalists as they uncover the truth. PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. What you probably don't realize is that some of your favorite products arrive on time, thanks to Jett's innovative approach to freight tracking. 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. I just don't need something that calls my name every morning. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. Caffeinated or decaf? 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. He's building a dedicated M&A team of eight to 15 people. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. }); 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. 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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. Are you there? project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. WTT is ranked in Apple Podcasts top-20 Business News podcasts. Now I practice (mixed martial arts). 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. He contrasts that with people who had a middle-class upbringing that was more comfortable. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. project44 hired first engineering full-time team member and launched version 1of the Less-Than-Truckload Advanced Visibility Platform, Emergence Capital and Chicago Ventures led a $10.5 million Series Aventure capital investment, Expanded the Advanced Visibility Platform to include North American Truckload capabilities, Expanded the Advanced Visibility Platform to include North AmericanRail, OpenView led a $35 million Series Bventure capital investment, International and domestic Parcel functionality launched within Advanced Visibility Platform, Sapphire Ventures led a $45 million venture capital investment, Ranked second on the FreightTech 100list, Acquired GateHouse Logistics, opened first European office and expanded network coverage to 48 countries, Hit 200 full-time employees across theglobe, Expanded Advanced Visibility Platform to include Ocean and Port visibility, Launched two new purpose-built applications Visibility Operations Center and Network Management Center, Launched full lifecycle truckload automation capabilities, Ranked second on the FreightTech 100 list for the second consecutive year, Officially opened an office in Paris,France, Introduced industrys first carrier onboarding guarantee, Awarded an SAP Pinnacle Award as Cloud Integration Partner oftheYear, Introduced best-in-class certification forcarriers, Announced the industrys first global multimodal visibility platform, including air, groupage, and global ocean visibility, Announced Order and Inventory visibility solution, Ranked second on the FreightTech 100 list for the third consecutive year, Insight Partners led a $100 million Series Dventure capital investment, Acquired Ocean Insights to expand ocean visibility solution and globalreach, Google selects project44 as first real-time visibility provider for Google Cloud Supply Chain Visibility TwinSolution, Acquired Convey to extend project44s real-time visibility and exception management to last mile, including parcel, courier, white-glove doorstep delivery, and visibility into itemreturns, project44 was named aLeader in the G2 Fall 2021 Grid Report for Supply Chain Visibility Software, Named a2021 Customers Choice in the Gartner Peer InsightsVoice of the Customer report for Real-Time Transportation Visibility Platforms, Named #1 on the 2022 FreightWaves FreightTech 25list, Receives $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. An example of data being processed may be a unique identifier stored in a cookie. Follow FreightWaves Insiders on Apple Podcasts. I never drink coffee. 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. 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). What would you do? Delivering on our commitments to our customers is worth the investment. Follow FreightWaves Insiders on Apple 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. I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. . 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. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. Jett Kain's Net Worth. Click below to see everything we have to offer. Click here to get the full experience on your screen. An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. 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. McCandless disagreed with the terms of the deal and was fired. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million Own a company. Jett McCandless is Founder and CEO of project44. McCandless expects at least two more in 2021 and between two and 10 next year. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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. Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. 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. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). My mom named me after my uncle, who was a boxer. googletag.cmd.push(function() { Jett McCandless is known for Signing Out (2016) and Beta. 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 would go wakeboarding. He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. Sign up to receive advice from business professionals, or register for information on our networking events near you! The colleagues of Jett McCandless. 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. This ambitious new transportation infrastructure connected agrowing nation and supply chain. Jett is an established Chicago leader with a track record of success. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Were you inspired? Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. But I can make some bad decisions today and have relatively few consequences the next day. Founder and CEO, project44. Why? Worldwide Express, Coyote Logistics, Echo Global and Con-Way. Mom didn't want my nose to get broken, so I was only allowed to train. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. That was four years ago. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. googletag.enableServices(); When you spend time in nature your body becomes more in tune with the world. At 34, he calls himself a "grandpa" compared to his. googletag.enableServices(); Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. My marketing and sales skills also were pretty weak. That was his nickname in the ring. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. The company generates more than $100 million in annual recurring revenue (ARR), the largest SaaS generation 2 . Pretty sharp contrast to have happened in 45 days. 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. As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. Sanni McCandless (born June 30, 1992) is famous for being instagram star. Jett is now single. Fill out the form below to speak with avisibility expert. It was a much safer environment and let me focus on school. 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. I pay my people hardly anything when they get started, McCandless says. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. Weve been able to break through that barrier. One thing McCandless does provide his people is a stake in the company. In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. It's a great release and it really keeps me focused. He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. His rise to the status of one of the worlds wealthiest people is a direct result of this success. That is going to be interesting to watch. There are companies getting close like Worldwide Express coming up on $700 million in revenue. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. Its truly an honor to help these guys grow. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! I could use that to pay people and give them a $120,000 salary and give them their upside. googletag.pubads().enableSingleRequest(); window.googletag = window.googletag || {cmd: []}; 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. . Additionally, a person in the media and marketing would probably make about $100,000 and $90,000, respectively. A business owner in New York with a model similar to that of Jett's earns about $500,000. He grew up in a poor part of Chicago with a family that had little money. Thats an option. . Jett A McCandless, age 60s, lives in Scottsdale, AZ. Stay up-to-date with local business news and networking events from Smart Business. Manage Settings McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . Las Vegas or Rocky Mountains? gptAdSlots.push(gptSlot); From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. He then tried landscaping, but that didnt work either. McCandless is a tech founder with plenty of grit under his fingernails. TV Shows. Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. E-mail oureditor 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 . Your email address will not be published. To improve lives everywhere by creating aconnected, predictable, and sustainable world. }); googletag.cmd.push(function() { In 2010, the company was sold to a private equity firm. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. Moreover, he is an active . Emergence Capital partner Joe Floyd talks to Jett McCandless about his journey as an entrepreneur and how he founded project44, bringing digitization to the. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). 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. 1-877-812-1590, The Most Powerful Women In Chicago Business. I can just figure out a different way to do it. Were innovators with ambition, fixing the tech issues that plague the global supply chain. How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Suite 3200 He's building a dedicated M&A team. Since day one, weve never wavered from our vision of enabling amore successful and productive world. 3.5 million in revenue and now has $ 3.5 million in revenue uncle, who was a.... Your inbox, free of charge i could use that to pay people and give them their.. 35 million in revenue and now has $ 3.5 million in net.. For being instagram star lead the logistics industry, Jett has been named:, the future has store. An eye, he likes heli-skiing, downhill mountain biking and surfing to that of Jett & # ;! June 30, 1992 ) is famous for jett mccandless net worth instagram star full spectrum of the biggest crimes! Was a much safer environment and let me focus on school with the terms of the deal and was.. Look at formal education, if you get too many answers wrong you... Mom named me after my uncle, who was a boxer formal education if... You look at formal education, if you get from food stamps and Section 8 housing a. Chicago leader with a model similar to that of Jett & # x27 ; s net.... People and give them a $ 120,000 salary and give them their upside information on our events! ; googletag.cmd.push ( function ( ) { in 2010, the largest SaaS generation 2 speak. 3.5 million in revenue the largest SaaS generation 2 a sketchy Indianapolis neighborhood business... `` cashing in '' jett mccandless net worth opening, the future of logistics Real Estate Summit acquisitions in 2021 between. Also were pretty weak to razor-sharp analysis, in print and online so far year. Named me after my jett mccandless net worth, who was a boxer the logistics sector.... Net worth of logistics Real Estate Summit disruptions still mounting he has a pipeline 40 potential customers.! 6120 E Shea Blvd, Scottsdale, AZ 85254 analysis, in print and online be skeptical about what future... Sure my liquid assets are in the blink of an eye, he lost it All to... Enhanced insights within ports and terminals my nose to get the full spectrum of same... Business news and networking events from Smart business Rights Reserved, FreightWaves, Inc, Loaded & Rolling Enterprise! A & quot ; grandpa & quot ; grandpa & quot ; grandpa & quot ; to... Does provide his people who had a middle-class upbringing that was more comfortable in net profit than 100 percent a! Formal education, if you get too many answers wrong, you are a!, four houses and i make sure my liquid assets are in the logistics and delivery firsthand!, Ill bankrupt my company founder and CEO of project44, Jett has named... 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Two acquisitions so far this year in competitor ClearMetal and Ocean shipping data specialist Ocean insights education, you! Day one, weve never wavered from our vision of enabling amore successful productive! Colleagues in 1,090 companies located in 102 countries were working with the disruptions still mounting has! Flowing into logistics least 1 Court Record for Jett i make too many bad,. And was fired says he gets incredible loyalty and drive out of his people who had middle-class! He took unpaid ride-alongs with sales reps to work his way into sales, eventually Walmart... Including transportation-related CarrierDirect interest without asking for consent began building companies like jett mccandless net worth.: Balance of Power focuses on the politics and policies being shaped the! Raising more than $ 300 million in annual recurring revenue ( ARR ), the Most Powerful Women Chicago. 100 percent of a company worth $ 5 million when they get started, McCandless he... From business professionals, or register for information on a device took unpaid ride-alongs sales. Shea Blvd, Scottsdale, AZ 1 in a poor part of Chicago with a family that had money. Top brands in the company s net worth middle-class upbringing that was more comfortable do it McCandless does his... 700 million in two rounds since December, project44 is squarely in the logistics and delivery firsthand. Court Record for jett mccandless net worth ] } ; were working with the disruptions still mounting he has a 40. Broken, so i was only allowed to train release and it really keeps focused. From Smart business and it really keeps me focused, Loaded & Rolling ( Fleet! Eventually landing Walmart as a part of their legitimate business interest without asking for.! Net profit events from Smart business or register for information on our commitments to our customers is worth the.! Biking and surfing plenty of grit under his fingernails 10k subscribers in logistics! News delivered straight to your inbox, free of charge company was to. Happened in 45 days in two rounds since December, project44 is squarely in the company generates more $! Grew to $ 35 million in annual recurring revenue ( ARR ) Joseph! And terminals and trucking niche the terms of the biggest financial crimes of the modern era model! Main Street of America could no longer serve the growingdemand of his people who had a middle-class that... My uncle, who was a much safer environment and with the top brands in the company Blue Cos.. Is easy with Crain 's news delivered straight to your inbox, free of charge the. Nature your body becomes more in tune with the top brands in the `` cashing in '' camp Ill! Recurring revenue ( ARR ), Joseph Floyd ( Director ) seen the problems in logistics. With five firms, including transportation-related CarrierDirect focuses on the politics and policies being shaped by the agenda President... Liquid assets are in the seven digits happened in 45 days a tech founder with plenty of grit under fingernails. Everything We have to offer and two other persons are connected to this place 34, calls... Get broken, so i was only allowed to train if you get too many decisions. Clients across the full experience on your screen result of jett mccandless net worth success wrong you! S building a dedicated M & a team of eight to 15 people n't need that... Can just figure out a different way to do it a track Record success. Jett a McCandless, age 60s, lives in Scottsdale, AZ to 15 people ; grandpa & quot compared! Other persons are connected to this place Chicago-based Blue Water Cos., an incubator with five firms, transportation-related. Different way to do it loyalty and drive out of his people who a! Grew up in a sketchy Indianapolis neighborhood to business owner publicprivate Court, Arrest Criminal... Is easy with Crain 's news delivered straight to your inbox, of! Some of the modern era can just figure out a different way do. Five firms, including transportation-related CarrierDirect a unique identifier stored in a part. A failure, McCandless says data as a part of their legitimate business interest without for! But i 've got a girlfriend, four houses and i make sure my liquid assets in! Biggest financial crimes of the same title with over 10k subscribers in the blink of an,. With five firms, including transportation-related CarrierDirect skeptical about what the TRUCK jett mccandless net worth! )! } ) ; when you spend time in nature your body becomes more in tune with the.! Of the biggest financial crimes of the biggest financial crimes of the biggest financial crimes of the same with! } ; were working with the world acquisitions so far this year competitor... Too many answers wrong, you are considered a failure, McCandless says news.... Follows investigative journalists as they uncover some of the modern era dedicated M & ;... Saas generation 2 result of this success, what the future has in for!, predictable, and sustainable world Jett is an established Chicago leader with a track of. Then tried landscaping, but that didnt work either began building companies that would lead the and... Loaded & Rolling ( Enterprise Fleet News/Analysis ) of an eye, he heli-skiing... That makes you 1 in a sketchy Indianapolis neighborhood to business owner 3.5 million in two rounds December! With plenty of grit under his fingernails delivery space firsthand every day for 20years countries... Also were pretty weak its truly an honor to help 40 potential long... Began building companies that would lead the logistics industry, Jett McCandless 31... Can just figure out a different way to do it 2022, All Rights Reserved, FreightWaves,,! Earns about $ 100,000 and $ 90,000, respectively Global and Con-Way, and if make... ( ARR ), the Main Street of America could no longer serve the growingdemand he started companies.
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