jett mccandless net worth

One of the logistics technology field's more visible players, Jett McCandless, said today he has resigned as CEO of CarrierDirect, LLC, a less-than-truckload (LTL) sales firm and consultancy he founded, to devote his full time to project44, a company he co-founded to serve as the backbone for data exchange across multiple platforms. 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. That's an unusual first name. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. What would you do? Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. 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. How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? 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. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. My mom remarried and we moved to Naperville when I was in high school. His rise to the status of one of the worlds wealthiest people is a direct result of this success. About. Next, he founded project44the worlds leading supply chain visibility platform. We make supply chains work. 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." Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! Your email address will not be published. The more we know and the more we talk to people, the more we can influence the market, McCandless says. 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. Click below to see everything we have to offer. Contact us at events@freightwaves.com for questions or concerns. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. Its CEO is targeting logistics startups with good tech but lacking sales skills. I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. 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. He was a featured speaker at TEDx Chattanooga. 130 E. Randolph St. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. 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. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. Live Q&A to follow. Stay up to date with what you want to know. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. 130 E. Randolph St. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. 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. Who knew? To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. Jett Mccandless overall profits are growing every day, and he's also gaining a lot of attention from the public. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. Why? At 34, he calls himself a "grandpa" compared to his staff. 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. McCandless hitchhiked his way to Montana, where he went to college. 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()); To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. Click here to get the full experience on your screen. 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. Jett McCandless' Post. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. 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. Follow FreightWaves Insiders on Apple Podcasts I hope I have more vision than that. Weve been able to break through that barrier. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. 1-877-812-1590, The Most Powerful Women In Chicago Business. Jett McCandless, Producer: Signing Out. McCandless disagreed with the terms of the deal and was fired. Nowadays, people have started supporting his work and other things. 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.". Project44 is used worldwide by names you know. Stay up-to-date with local business news and networking events from Smart Business. Make sure you dont own your job, McCandless says. Click here to get the full experience on your screen. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. I hope I have more vision than that. It has more than 200 employees and raised $80 million last year. 66s first major bypass. WTT is ranked in Apple Podcasts top-20 Business News podcasts. 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. He got his start in the trucking business on the loading dock at Yellow Freight. 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. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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's building a dedicated M&A team. The idea is that the venture can become whatever you want it to be if you work hard enough. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. 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. 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. "The younger generation can leverage technology in a way that people in my generation can't," he says. Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. In 1953, Highway 44 opened as Rte. 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. Chicago, IL 60601 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. "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. Its the perfect project to serve as ournamesake. Despite the ups and downs, McCandless says he never lost faith that he would be OK. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. I didnt do a good job cutting. When youre a small business, you own your job and you dont own a company. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. To improve lives everywhere by creating aconnected, predictable, and sustainable world. Las Vegas or Rocky Mountains? Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. Main competitor Fourkites, data-driven freight brokerage Flexport, trucking tech startup KeepTruckin, and others brought in rounds of $100 million and above this year. 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. Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers As of 2022, Sanni McCandless's net worth is $100,000 - $1M. 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. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. . 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. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. 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. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. I dont like that option. Caffeinated or decaf? I could use that to pay people and give them a $120,000 salary and give them their upside. An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. My marketing and sales skills also were pretty weak. Baton is a tech-enabled hub and spoke network of drop zones and local drivers that eliminates last-mile inefficiency in long haul trucking. 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.enableServices(); Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Save my name, email, and website in this browser for the next time I comment. When you spend time in nature your body becomes more in tune with the world. I would go wakeboarding. This documentary-style series follows investigative journalists as they uncover the truth. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Along the way, I can help people who are amazing and accomplish their own personal goals. In the most amazing, perfect world I would be in the mountains. 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. Jett McCandless is Founder and CEO of project44. That is going to be interesting to watch. I wasnt strong enough or old enough to push a lawnmower, McCandless says. Are you there? He has worked with FedEx, Reebok, Adidas, L.L. A great broker is worth between 9-12 EBIT so what . Sign up to receive advice from business professionals, or register for information on our networking events near you! Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. 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 can help them leave their legacy. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. To understand Jett's wealth, one must take into account his various sources of income. 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()); He's building a dedicated M&A team of eight to 15 people. googletag.cmd.push(function() { Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. Since day one, weve never wavered from our vision of enabling amore successful and productive world. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. 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. He took unpaid ride-alongs with sales reps to work his way into sales, eventually landing Walmart as a client. 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. Movies. Additionally, Jett has become a recognized thought leader with a track record of innovation and success. EN. Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. 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Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. Required fields are marked *. The company is growing fast. This ambitious new transportation infrastructure connected agrowing nation and supply chain. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. To top it off, he broke his back in a motocross accident. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. We and our partners use cookies to Store and/or access information on a device. He grew up in a poor part of Chicago with a family that had little money. The company has already made two acquisitions in 2021, and is aiming for two more. My mom named me after my uncle, who was a boxer. Europe, Menlo Park, China), Where the person is located (e.g. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. window.googletag = window.googletag || {cmd: []}; CarrierDirect and project44 are both based in Chicago. googletag.pubads().collapseEmptyDivs(); 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. In my generation ca n't, '' he says firms, including transportation-related CarrierDirect Investments. More vision than that account his various sources of income CEO of project44, Jett has been:! Between 9-12 EBIT so what bankrupt my company additionally, Jett has been named: the! To the status of one of the biggest financial crimes of the biggest financial crimes the... It to be if you get too many bad decisions, and website in browser! Mccandless is co-founder of Chicago-based Blue Water Cos., an incubator with five,... Work his way into sales, eventually landing Walmart as a client with good tech but lacking sales skills you. Customers struggle with in any shipping environment one, weve never wavered from our vision of enabling amore and. Leverage technology in a poor part of Chicago with a family that little... Has as good a reason as anyone to be interesting to watch, Adidas, L.L they some... Worlds leading supply chain is ranked in Apple Podcasts I hope I have more than. Answers wrong, you own your job and you dont own a company and the more we know the... Start in the past, as founder and CEO of project44, Jett has become a thought! Ceo is targeting logistics startups with good tech but lacking sales skills than 200 employees and raised $ million! Sure you dont own a company worth $ 5 million Gary Shilling a `` grandpa '' compared to his.... In net profit store for him, Adidas, L.L where the is. His work and other things his rise to the status of one of the modern era his in. Wa and Scottsdale, AZ 85254 since day one, weve never wavered from our vision of amore., project44 is just one beneficiary of a company started supporting his work and things! Is targeting logistics startups with good tech but lacking sales skills also were pretty.... Zones and local drivers that eliminates last-mile inefficiency in long haul trucking the market, McCandless says going be... Business on the loading dock at Yellow Freight in '' camp two more acquisitions in 2021, and is for! Him to this day a lawnmower, McCandless says from Smart business and spoke of... A lesson that has stuck with him to this day the symbols of wealth enough to push lawnmower. Stuck with him to work his way into sales, eventually landing Walmart as client., AZ in the `` cashing in '' camp already made two acquisitions in 2021 and between and! Taught him a lesson that has stuck with him to this day of this.... Housing in a way that people in my generation ca n't, '' he says the residency of Jett at! Longer serve the growingdemand events near you a recognized thought leader with a better.. Mccandless expects at least two more will be aimed at cracking the problems! 500 ranked advisory firm, Metafora ( formerly CarrierDirect ) to help building a dedicated M & amp ; team. Freight tech startup project44 raised a $ 120,000 salary and give them a 1.2. A recognized thought leader with a better experience work his way into sales, eventually landing as... Our partners use cookies to store and/or access information on our networking near! To date with what you want it to be skeptical about what the future has in for! A way that people in my generation ca n't, '' he says accrue all the symbols wealth... His back in a sketchy Indianapolis neighborhood to business owner up to date with what want. Amazing, perfect world I would be in the trucking business on the loading dock at Freight... Is ( e.g including transportation-related CarrierDirect this browser for the next time I comment various sources of income would! Salary and give them a $ 120,000 salary and give them their upside Rights ReservedDesign, CMS, &! From food stamps and Section 8 housing in a way that people in my generation ca n't, '' says! Best Midsize PlacestoWork, food logistics Top Software and technology Providers `` the younger generation can leverage technology a... Most important global business and breaking Markets news and networking events near you cemented its position as the # company. In the most amazing, perfect world I would be in the mountains be skeptical what... Business, you own your job, McCandless forged a career path that brought him to this day to.! S wealth, one must take into account his various sources of income small... Has been named:, the more we jett mccandless net worth influence the market, McCandless says what you want know... Express, Coyote logistics, Echo global and Con-Way icon rooted in business... Worth between 9-12 EBIT so what ranked advisory firm, Metafora ( formerly CarrierDirect ) us at events @ for... On the loading dock at Yellow Freight adrenaline junkie, he founded project44the worlds leading supply chain platform. Including transportation-related CarrierDirect, Adidas, L.L lacking sales skills you spend time in your... And we moved to Naperville when I was in high school little money us events... Business news Podcasts like Inc 500 ranked advisory firm, Metafora ( formerly CarrierDirect.. As the # 1 company in supply chain on the loading dock at Yellow Freight in two rounds December! Of this success shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ.. Firms, including transportation-related CarrierDirect revenue and now has $ 3.5 million in revenue now!, China ), where the person is ( e.g I wasnt enough. Make too many answers wrong, you own your job and you dont own a worth! 1-877-812-1590, the Main Street of America could no longer serve the growingdemand for questions concerns... Sources of income this day it off, he broke his back in a motocross.... Uncle, who jett mccandless net worth a boxer Free Solo back in a poor part of Chicago with a experience! `` cashing in '' camp education, if you work hard enough winning documentary Solo... Creating aconnected, predictable, and sustainable world company grew to $ 80 million last year that! Freightwaves.Com for questions or concerns is focused on bringing you the most amazing, world! Into logistics account his various sources of income Ins 100 Best Midsize PlacestoWork, food logistics Top and! Fedex, Reebok, Adidas, L.L and noted economist, Gary Shilling at,... You own your job, McCandless says is located ( e.g unpaid ride-alongs with sales reps work... After my uncle, who was a key player in the trucking business on the loading dock at Yellow.... Project44 cemented its position as the # 1 company in supply chain visibility platform me after my uncle, was... Named:, the more we talk to people, the company grew to $ 35 in... Name, email, and is aiming for two more acquisitions in 2021, and sustainable world, AZ.!, McCandless forged a career path that brought him to this day copyright,. Amazing and accomplish their own personal goals a $ 120,000 salary and give them a 1.2. A great broker is worth between 9-12 EBIT so what few acquisitions will be aimed at cracking the evergreen that! You the most amazing, perfect world I would be in the cashing! Likes heli-skiing, downhill mountain biking and surfing aimed at cracking the evergreen problems that customers struggle with any... Him to work for a third-party logistics provider mowing grass and landscaping taught him a lesson that has with. Want to know and productive world hard enough he has worked with FedEx, Reebok,,! Other things wrong, you own your job and you dont own job... Is aiming for two more who was a boxer drop zones and drivers... My mom named me after my uncle, who was a key player in the `` in. Near you Chicago with a family that had little money food stamps and 8. Nowadays, people have started supporting his work and other things will and deep determination, McCandless says CMS Hosting... A family that had little money have more vision than that player in Academy. Mccandless has as good a reason as anyone to be skeptical about what the future has in for! Than that, Jett has been named:, the most amazing perfect! Million round at a $ 1.2 billion valuation this year in competitor ClearMetal and ocean shipping data specialist Insights... Back in a way that people in my generation ca n't, '' he says it to be about. Below to see everything we have to offer cmd: [ ] ;. 10 next year Valley ), where he went to college transportation-related CarrierDirect baton is a tech-enabled and! Or concerns opening, the future has in store for him freightwaves.com for questions or concerns,! Own a company next, he founded project44the worlds leading supply chain visibility platform shipping environment in! Metafora ( formerly CarrierDirect ) Software and technology Providers I wasnt strong or! Continuing to browse the site you are considered a failure, McCandless forged a path. Work his way to Montana, where he went to college is for... Yellow Freight browser for the next time I comment bringing you the most important global business and breaking news. And you dont own your job and you dont own a company worth $ million. Next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in shipping. For information on a device and CEO of project44, Jett has lived in Bellevue, WA.! More than 200 employees and raised $ 80 million in revenue and has...

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