He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. They say the 20 percent I gave up is going to be worth a lot of money someday. Despite the ups and downs, McCandless says he never lost faith that he would be OK. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. It's a great release and it really keeps me focused. EN. 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. Moreover, he is an active . His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. He took unpaid ride-alongs with sales reps to work his way into sales, eventually landing Walmart as a client. I would go wakeboarding. About. Why? Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. This documentary-style series follows investigative journalists as they uncover the truth. 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. 1-877-812-1590, The Most Powerful Women In Chicago Business. That was his nickname in the ring. (Podcast), Chief Executive Officer/Founder, Project44 Inc. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. She currently resides in Chapel Hill, North Carolina, USA. Movies. Weve been able to break through that barrier. Click below to see everything we have to offer. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Suite 3200 He has worked with FedEx, Reebok, Adidas, L.L. I can just figure out a different way to do it. 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()); He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. View their profile including current address, phone number 425-885-XXXX, background check reports, and property record on Whitepages, the most trusted online directory. Nowadays, people have started supporting his work and other things. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. He's building a dedicated M&A team of eight to 15 people. Learn More. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. McCandless called Project44 a "generation two logistics company." 130 E. Randolph St. 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. Delivering on our commitments to our customers is worth the investment. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. 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. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! I pay my mom's mortgage and I bought her a car. My mom remarried and we moved to Naperville when I was in high school. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. 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. I just don't need something that calls my name every morning. 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. WTT is ranked in Apple Podcasts top-20 Business News podcasts. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. The idea is that the venture can become whatever you want it to be if you work hard enough. An example of data being processed may be a unique identifier stored in a cookie. the company grew to $35 million in revenue and now has $3.5 million in net profit. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. They make $150,000 or $300,000 a year, but the idea that they would start their own business and it might not work is too risky for them. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. Next, he founded project44the worlds leading supply chain visibility platform. The core of our business model is we help good companies become great. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. He's building a dedicated M&A team. That is going to be interesting to watch. I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . Its CEO is targeting logistics startups with good tech but lacking sales skills. And then in the blink of an eye, he lost it all. Who knew? Its truly an honor to help these guys grow. Were working with the top brands in the market. Caffeinated or decaf? 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. At 34, he calls himself a "grandpa" compared to his. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. 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. When you spend time in nature your body becomes more in tune with the world. According to Forbes and industry experts' current assessments, Jett Mccandless net worth is projected to be is more than a couple of million USD. Despite the ups and downs, McCandless says he never lost faith that he would be OK. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. 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. As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. 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. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. Now I practice (mixed martial arts). To date, we have received numerous awards for our Advanced Visibility Platform, were named #1 on the 2022 FreightWaves FreightTech 25 list, and have expanded globally by acquiring leading visibility providers like GateHouse Logistics, Ocean Insights, ClearMetal, andConvey. Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. googletag.cmd.push(function() { window.googletag = window.googletag || {cmd: []}; Follow FreightWaves Insiders on Apple Podcasts Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. Jett McCandless' Post. 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. 130 E. Randolph St. 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. 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