We make supply chains work. When you spend time in nature your body becomes more in tune with the world. 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. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. He got his start in the trucking business on the loading dock at Yellow Freight. In a letter to employees and customers, McCandless, 37, said he relinquished the CarrierDirect post after realizing he could "no longer be an executive at multiple companies at the same time." We and our partners use cookies to Store and/or access information on a device. That was his nickname in the ring. Who knew? "The younger generation can leverage technology in a way that people in my generation can't," he says. Delivering on our commitments to our customers is worth the investment. Sign up for notifications from Insider! In 2010, the company was sold to a private equity firm. In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. He then tried landscaping, but that didnt work either. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. I dont like that option. 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. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. And then in the blink of an eye, he lost it all. 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. 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, Project44 Inc: Profile and Biography - Bloomberg Markets Bloomberg Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively. At 34, he calls himself a "grandpa" compared to his staff. E-mail oureditor We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. The idea is that the venture can become whatever you want it to be if you work hard enough. Jett McCandless is known for Signing Out (2016) and Beta. EN. This documentary-style series follows investigative journalists as they uncover the truth. 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. Pretty sharp contrast to have happened in 45 days. Nowadays, people have started supporting his work and other things. 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). Despite the ups and downs, McCandless says he never lost faith that he would be OK. I pay my people hardly anything when they get started, McCandless says. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. 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. 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. About. I pay my mom's mortgage and I bought her a car. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. 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 . When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. googletag.enableServices(); To top it off, he broke his back in a motocross accident. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. 835 SHARON DRIVE, SUITE 200, CLEVELAND, OH 44145 |P: 800.988.4726 |PRIVACY POLICY. I get challenged by a lot of other CEOs, McCandless says. Contact us at events@freightwaves.com for questions or concerns. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. The company is growing fast. McCandless hitchhiked his way to Montana, where he went to college. 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. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. An example of data being processed may be a unique identifier stored in a cookie. A great broker is worth between 9-12 EBIT so what . Manage Settings 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. A great broker is worth between 9-12 EBIT so what . Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. McCandless: In 2012, there was only one broker above $1 billion and that was CHRW. 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. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . He was a featured speaker at TEDx Chattanooga. Required fields are marked *. Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. The core of our business model is we help good companies become great. 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. I can help them leave their legacy. For me, theres no shame in it not working out.. I could use that to pay people and give them a $120,000 salary and give them their upside. Jett is an established Chicago leader with a track record of success. 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. At 34, he calls himself a "grandpa" compared to his. 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. McCandless expects at least two more in 2021 and between two and 10 next year. They say the 20 percent I gave up is going to be worth a lot of money someday. That was four years ago. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. 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. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. }); googletag.cmd.push(function() { Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. I didnt do a good job cutting. 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. Jett's age is 65. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. When youre a small business, you own your job and you dont own a company. She currently resides in Chapel Hill, North Carolina, USA. Jett Kain's Net Worth. Own a company. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. 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. googletag.cmd.push(function() { window.googletag = window.googletag || {cmd: []}; His rise to the status of one of the worlds wealthiest people is a direct result of this success. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. McCandless is a tech founder with plenty of grit under his fingernails. View this months Smart Business magazines on our easy to view, Digital Platform. googletag.pubads().enableSingleRequest(); Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers googletag.pubads().collapseEmptyDivs(); window.googletag = window.googletag || {cmd: []}; Since day one, weve never wavered from our vision of enabling amore successful and productive world. Suite 3200 Click below to see everything we have to offer. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. My mom named me after my uncle, who was a boxer. Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. It was a much safer environment and let me focus on school. Most of them continue to be middle class, McCandless says. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). Mom didn't want my nose to get broken, so I was only allowed to train. Chicago, IL 60601 Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. I never drink coffee. It's a great release and it really keeps me focused. I hope I have more vision than that. Here's what they'll be after. A business owner in New York with a model similar to that of Jett's earns about $500,000. 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.. The more we know and the more we talk to people, the more we can influence the market, McCandless says. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. 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()); After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. 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.". Dock at Yellow Freight he started building companies like Inc 500 ranked advisory firm, Metafora ( formerly )... People in my generation ca n't, '' he says view this months Smart business magazines on our easy view! Spend time in nature your body becomes more in tune with the world & # x27 ; Net... 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