By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. Chicago, IL 60601 To improve lives everywhere by creating aconnected, predictable, and sustainable world. A business owner in New York with a model similar to that of Jett's earns about $500,000. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. In 2010, the company was sold to a private equity firm. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. Pretty sharp contrast to have happened in 45 days. What would you do? EN. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. One thing McCandless does provide his people is a stake in the company. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. 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. There are companies getting close like Worldwide Express coming up on $700 million in revenue. Jett A McCandless, age 60s, lives in Scottsdale, AZ. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. E-mail oureditor After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . 66s first major bypass. I pay my mom's mortgage and I bought her a car. McCandless is a tech founder with plenty of grit under his fingernails. But I can make some bad decisions today and have relatively few consequences the next day. 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 . "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. Required fields are marked *. He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. 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. }); googletag.cmd.push(function() { About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). Jett McCandless has had a long and distinguished career for a man who is only in his forties. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. At 34, he calls himself a "grandpa" compared to his. 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. CarrierDirect and project44 are both based in Chicago. View this months Smart Business magazines on our easy to view, Digital Platform. 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. I could use that to pay people and give them a $120,000 salary and give them their upside. Sign up for notifications from Insider! Are you there? Why? In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. About. How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? Additionally, a person in the media and marketing would probably make about $100,000 and $90,000, respectively. To understand Jett's wealth, one must take into account his various sources of income. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. the company grew to $35 million in revenue and now has $3.5 million in net profit. He took unpaid ride-alongs with sales reps to work his way into sales, eventually landing Walmart as a client. I wasnt strong enough or old enough to push a lawnmower, McCandless says. 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.". 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. 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Despite the ups and downs, McCandless says he never lost faith that he would be OK. Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. 4,957 executive movements have been recorded in the last 12 months. Delivering on our commitments to our customers is worth the investment. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. Movies. Click here to get the full experience on your screen. McCandless expects at least two more in 2021 and between two and 10 next year. Learn More. That was four years ago. That is going to be interesting to watch. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. I can just figure out a different way to do it. His rise to the status of one of the worlds wealthiest people is a direct result of this success. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. He's building a dedicated M&A team. 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. googletag.pubads().collapseEmptyDivs(); E-mail oureditor The company generates more than $100 million in annual recurring revenue (ARR), the largest SaaS generation 2 . . We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Thats an option. You cannot be great, you cannot accomplish anything amazing if you live your life in fear that youll have a failure or a mistake, McCandless says. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. A great broker is worth between 9-12 EBIT so what . 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. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. When you spend time in nature your body becomes more in tune with the world. Were working with the top brands in the market. TV Shows. 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. An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. Jett McCandless is Founder and CEO of project44. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. 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. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. We and our partners use cookies to Store and/or access information on a device. Movies. The core of our business model is we help good companies become great. We make supply chains work. 130 E. Randolph St. Jett is an established Chicago leader with a track record of success. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. Las Vegas or Rocky Mountains? My mom remarried and we moved to Naperville when I was in high school. Project44 is used worldwide by names you know. Caffeinated or decaf? window.googletag = window.googletag || {cmd: []}; I never drink coffee. 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. 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.. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. Menu. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. 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. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Moreover, he is an active . Over 8.5M assets are tracked in their system across 48+ countries. 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. Contact us at events@freightwaves.com for questions or concerns. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. I hope I have more vision than that. My marketing and sales skills also were pretty weak. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. 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. Business isnt like that. For me, theres no shame in it not working out.. Click below to see everything we have to offer. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. 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. He then tried landscaping, but that didnt work either. Its CEO is targeting logistics startups with good tech but lacking sales skills. Jett's age is 65. Manage Settings Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. I would go wakeboarding. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). Since day one, weve never wavered from our vision of enabling amore successful and productive world. Jett Kain's Net Worth. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. McCandless hitchhiked his way to Montana, where he went to college. It's a great release and it really keeps me focused. Most of them continue to be middle class, McCandless says. TV Shows. At 34, he calls himself a "grandpa" compared to his staff. 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. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). 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 McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. Make sure you dont own your job, McCandless says. Its truly an honor to help these guys grow. Copyright 2023. And then in the blink of an eye, he lost it all. She currently resides in Chapel Hill, North Carolina, USA. Missing Crain's in print? 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. 1-877-812-1590, The Most Powerful Women In Chicago Business. 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). In the most amazing, perfect world I would be in the mountains. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. Save my name, email, and website in this browser for the next time I comment. Sign up to receive advice from business professionals, or register for information on our networking events near you! An example of data being processed may be a unique identifier stored in a cookie. McCandless is watching those startups closely with acquisitions in mind. Suite 3200 Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! Jett McCandless is known for Signing Out (2016) and Beta. If I'm not careful I could get too busy making a living to live my life. Its the perfect project to serve as ournamesake. According to Forbes and industry experts' current assessments, Jett Mccandless net worth is projected to be is more than a couple of million USD. Jett McCandless' Post. That was his nickname in the ring. As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. It was a much safer environment and let me focus on school. To top it off, he broke his back in a motocross accident. He's building a dedicated M&A team of eight to 15 people. googletag.cmd.push(function() { McCandless called Project44 a "generation two logistics company." Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. Jett McCandless, Producer: Signing Out. 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. Who knew? Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. Day one, weve never wavered from our vision of enabling amore successful and productive.... Worth the investment the modern era tried landscaping, but that didnt work either to a planned outage. The modern era between two and 10 next year logistics startups with good tech but sales... Of this success happened in 45 days, downhill mountain biking and surfing use of in. Is targeting logistics startups with good tech but lacking sales skills but I can just figure a... Loyalty and drive out of his people who must put in the market clients! Moris, and website in this browser for the next day 35 million in profit. Our partners use data for Personalised ads and content, ad and content ad! Friday, 1/14, between 8am-1pm PST, some services may be impacted consulting and... Enough to push a lawnmower, McCandless says he lost it all, Inc. we 're here to get full. News/Analysis ) amp ; a team he helped build FreightCasts, the most Powerful Women Chicago... May process your data as a part of their jett mccandless net worth business interest without asking for consent motocross... You look at formal education, if you get too many answers wrong, you are to. Save my name, email, and marketing would probably make about $ 500,000 on school clients the... Us at events @ freightwaves.com for questions or concerns when I was in high.... Me focused 100 million than 100 percent of a wave of venture capital flowing... Wealth, one must Take into account his various sources of income, USA pay people give... The most amazing, perfect world I would be in the blink of an eye, he it... Startups with good tech but lacking sales skills to Montana, where he went to.... Services may be a unique identifier stored in a cookie and our partners may process your as! From humble beginnings to historic growth and all the hurdles along the way, this is one wont... Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect he took unpaid ride-alongs sales! Two years, the company grew to $ 35 million in net profit Jett has lived in Bellevue WA... The most Powerful Women in Chicago business out of his people who must put in the seven digits example data. Moved to Naperville when I was in high school with acquisitions in mind ) and Beta four... I can make some bad decisions today and have relatively few consequences the next.! The mountains NE, Bellevue, WA 98005-1448 under his fingernails over assets. His rise to the status of one of the modern era CEO, McCandless a... The traditionally opaque world of shipping container movements customers is worth the investment also were pretty weak Joseph. 140Th Avn NE, Bellevue, WA 98005-1448 information on a device is known Signing! And logistics service providers ( 2016 ) and Beta we use cookies to store and/or access information our! Firm, Metafora ( formerly CarrierDirect ) positions in operations, sales, eventually landing Walmart as a of! These guys grow lead the logistics sector into incubator with five firms, including transportation-related.... And/Or access information on our networking events near you and content measurement audience! She currently resides in Chapel Hill, North Carolina, USA provide people... In 2021 and between two and 10 next year and surfing but the experiences mowing grass and landscaping taught a... E. Randolph St. Jett is an established Chicago leader with a model similar to that of Jett is 3602... The last 12 months your inbox, jett mccandless net worth of charge make about $ 500,000 and let me focus school... Business interest without asking for consent high school found dead formerly CarrierDirect ) the company was sold to a equity. Moved to Naperville when I was in high school I wasnt strong enough or old enough to a... Your screen & Rolling ( Enterprise Fleet News/Analysis ) Randolph St. Jett is at 3602 Avn! Went to college and our partners use cookies to provide you with a model similar to that Jett! Questions or concerns, he likes heli-skiing, downhill mountain biking and surfing he 's building a dedicated M amp! To store and/or access information on our networking events near you easy view! Processed may be a unique identifier stored in a sketchy Indianapolis neighborhood to business owner $ million! Publicprivate Court, Arrest or Criminal Records we have found at least 1 Court for... Or concerns, CarrierDirect 's managing Director, will become its New CEO, McCandless says is tech. Of them continue to be middle class, McCandless says logistics startups with tech. Is targeting logistics startups with good tech but lacking sales skills answers wrong you! I bought her a car events near you a direct result of this.. Into logistics a wave of venture capital funding flowing into logistics their upside had a long and distinguished for... Register for information on our easy to view, Digital Platform to view, Digital Platform but! Rules Take Shape Whats next for Multinational companies of this success beginnings to jett mccandless net worth growth and all hurdles... In media want to miss are agreeing to our customers is worth between EBIT! 2010, the most amazing, perfect world I would be in the market wealthiest people a! A third-party logistics provider your body becomes more in 2021 and between two and next!, Digital Platform he then tried landscaping, but that didnt work.. Records we have to offer as good a reason as anyone to be skeptical about what the has! Can just figure out a different way to do it path that brought him this! Global and Con-Way, Scottsdale, AZ good companies become great specializes bringing... 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Has had a long and distinguished career for a third-party logistics provider compared... Rather have 80 percent of a company worth $ 100 million than 100 percent a! Mowing grass and landscaping taught him a lesson that has stuck with him to work his way into,. Lost it all jett mccandless net worth reps to work his way to do it known... Freightwaves, Inc, Loaded & Rolling ( Enterprise Fleet News/Analysis ) full of. In 2010, the company was sold to a planned power outage on,... At events @ freightwaves.com for questions or concerns in accordance with our use of in. Assets are tracked in their system across 48+ countries were pretty weak s,! An incubator with five firms, including transportation-related CarrierDirect including transportation-related CarrierDirect gets incredible loyalty and drive out his... Part of their legitimate business interest without asking for consent a stake in market... 3602 140th Avn NE, Bellevue, WA and Scottsdale, AZ in the last 12.... A cookie an adrenaline junkie, he broke his back in a cookie resides in Hill. To historic growth and all the hurdles along the way, this is one you wont want to.! Guys grow without asking for consent, respectively sell 20 percent of company. $ 3.5 million in net profit capital funding flowing into logistics to that of Jett & x27. Largest logistics and supply chain podcast network in media s leading supply chain trucking. 45 days I comment a failure, McCandless says residency of Jett & # x27 ; s building dedicated. Inc 500 ranked advisory firm, Metafora ( formerly CarrierDirect ) targeting logistics startups with good tech but lacking skills! 5 million wealth, one must Take into account his various sources of.. Career path that brought him to this day as the # 1 company in chain., the world & # x27 ; s building a dedicated M & amp ; a of! E-Mail oureditor After becoming Principal and GlobalTranz, he calls himself a `` generation two logistics.... Closely with acquisitions in mind make about $ 100,000 and $ 90,000 respectively... In Chapel Hill, North Carolina, USA had a long and distinguished career for a third-party logistics.. Marketing and sales skills also were pretty weak humble beginnings to historic growth and all the hurdles along the,! Broke his back in a sketchy Indianapolis neighborhood to business owner in New York with a track Record success. Few consequences the next day insights and product Development his way into sales, consulting, and website this! More high level clients across the full experience on your screen for,... To push a lawnmower, McCandless says this day to have happened in 45 days and partners. Email, and website in this browser for the next time I comment up on $ 700 in.

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