I pay my mom's mortgage and I bought her a car. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. 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. googletag.pubads().enableSingleRequest(); The more we know and the more we talk to people, the more we can influence the market, McCandless says. He grew up in a poor part of Chicago with a family that had little money. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. I wasnt strong enough or old enough to push a lawnmower, McCandless says. Jett McCandless' Post. 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. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. 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. That was his nickname in the ring. CarrierDirect and project44 are both based in Chicago. E-mail oureditor Movies. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . I hope I have more vision than that. Public Private. Jett McCandless is known for Signing Out (2016) and Beta. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. Most of them continue to be middle class, McCandless says. 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.. 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. Manage Settings Jett McCandless is Founder and CEO of project44. Make sure you dont own your job, McCandless says. 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Own a company. CarrierDirect is a thought leadership and consulting company that meets with CEOs and looks for ways to shape strategy based on the vision and imagination of the leader. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. When you spend time in nature your body becomes more in tune with the world. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). (Podcast), Chief Executive Officer/Founder, Project44 Inc. Follow FreightWaves Insiders on Apple Podcasts. McCandless called Project44 a "generation two logistics company." A great broker is worth between 9-12 EBIT so what . McCandless is watching those startups closely with acquisitions in mind. The company has already made two acquisitions in 2021, and is aiming for two more. 66s first major bypass. McCandless sees the value of formal education, but it just didnt fit his personality. They say the 20 percent I gave up is going to be worth a lot of money someday. Baton is a tech-enabled hub and spoke network of drop zones and local drivers that eliminates last-mile inefficiency in long haul trucking. Movies. 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. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. After becoming Principal at GlobalTranz, a company with gross annual revenue of $500 million, Jett sold his stake in the company to pursue his own ventures. Pretty sharp contrast to have happened in 45 days. About. 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. 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. 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. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. 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. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. I never drink coffee. He got his start in the trucking business on the loading dock at Yellow Freight. That is going to be interesting to watch. Were innovators with ambition, fixing the tech issues that plague the global supply chain. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. 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 raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. 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()); Its truly an honor to help these guys grow. For me, theres no shame in it not working out.. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. Here's what they'll be after. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. }); googletag.cmd.push(function() { What would you do? I hope I have more vision than that. An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. . To top it off, he broke his back in a motocross accident. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. The company is growing fast. Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. It was a much safer environment and let me focus on school. 130 E. Randolph St. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. 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. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. Moreover, he is an active . Along the way, I can help people who are amazing and accomplish their own personal goals. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Now I practice (mixed martial arts). Jett McCandless is Founder and CEO of project44. 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. He then tried landscaping, but that didnt work either. (And if project44 is alittle long for you, we always answertop44.). "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. 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. googletag.enableServices(); 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. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. To understand Jett's wealth, one must take into account his various sources of income. Jett McCandless 4d Report this post . Suite 3200 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. Next, he founded project44the worlds leading supply chain visibility platform. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. building up its connections in China's trucking industry. 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. I would go wakeboarding. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. The new office in Paris is a symbol of that commitment. 1-877-812-1590, The Most Powerful Women In Chicago Business. E-mail oureditor A great broker is worth between 9-12 EBIT so what . Despite the ups and downs, McCandless says he never lost faith that he would be OK. 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. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. That is going to be interesting to watch. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . To improve lives everywhere by creating aconnected, predictable, and sustainable world. 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. 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. 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 . Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. 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. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. Stay up-to-date with local business news and networking events from Smart Business. Founder and CEO, project44. Were working with the top brands in the market. 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()); Sanni McCandless (born June 30, 1992) is famous for being instagram star. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. I could use that to pay people and give them a $120,000 salary and give them their upside. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. 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. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. 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. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. 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. 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. Next, he founded project44the world's leading supply chain visibility platform . The Most Powerful Women In Chicago Business. Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Jett McCandless has had a long and distinguished career for a man who is only in his forties. In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. 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. Save my name, email, and website in this browser for the next time I comment. Las Vegas or Rocky Mountains? I dont like that option. He contrasts that with people who had a middle-class upbringing that was more comfortable. Jett McCandless is known for Signing Out (2016) and Beta. Weve been able to break through that barrier. That's an unusual first name. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. There are companies getting close like Worldwide Express coming up on $700 million in revenue. I didnt do a good job cutting. Menu. Missing Crain's in print? When youre a small business, you own your job and you dont own a company. He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. We and our partners use cookies to Store and/or access information on a device. window.googletag = window.googletag || {cmd: []}; Contact us at events@freightwaves.com for questions or concerns. 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. 20 percent of CarrierDirect for $ 2 million, McCandless says by the of... 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