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. One thing McCandless does provide his people is a stake in the company. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. 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. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. 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. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? That was his nickname in the ring. Manage Settings The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. 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. Continue with Recommended Cookies, Your email address will not be published. At 34, he calls himself a "grandpa" compared to his staff. Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. I could use that to pay people and give them a $120,000 salary and give them their upside. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. In 1953, Highway 44 opened as Rte. Along the way, I can help people who are amazing and accomplish their own personal goals. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. Were you inspired? My mom named me after my uncle, who was a boxer. If I'm not careful I could get too busy making a living to live my life. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million 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. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. 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 more we know and the more we talk to people, the more we can influence the market, McCandless says. Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. 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. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. 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.". 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. Public Private. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. We and our partners use cookies to Store and/or access information on a device. }); Dooner is an award-winning podcaster, content producer and host who is currently the director of audio at FreightWaves and the creative director of Back The Truck Up. (Podcast), Chief Executive Officer/Founder, Project44 Inc. I hope I have more vision than that. 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. He got his start in the trucking business on the. I pay my people hardly anything when they get started, McCandless says. project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. 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 $150 - 174,999; with a net worth that tops Greater than $499,999. Emergence Capital partner Joe Floyd talks to Jett McCandless about his journey as an entrepreneur and how he founded project44, bringing digitization to the. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). Jett McCandless is known for Signing Out (2016) and Beta. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. 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. Save my name, email, and website in this browser for the next time I comment. Follow FreightWaves Insiders on Apple Podcasts Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. Required fields are marked *. To top it off, he broke his back in a motocross accident. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Stay up to date with what you want to know. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. 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. 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." Learn More. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Its the perfect project to serve as ournamesake. TV Shows. Your email address will not be published. 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()); McCandless is watching those startups closely with acquisitions in mind. 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. Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. She currently resides in Chapel Hill, North Carolina, USA. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! It has more than 200 employees and raised $80 million last year. Jett Kain's Net Worth. The company generates more than $100 million in annual recurring revenue (ARR), the largest SaaS generation 2 . Thats an option. For me, theres no shame in it not working out.. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. . Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. Click here to get the full experience on your screen. A great broker is worth between 9-12 EBIT so what . 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. 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. He's building a dedicated M&A team of eight to 15 people. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Business isnt like that. To improve lives everywhere by creating aconnected, predictable, and sustainable world. He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. Jett is an established Chicago leader with a track record of success. Next, he founded project44the world's leading supply chain visibility platform . Missing Crain's in print? Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. Its CEO is targeting logistics startups with good tech but lacking sales skills. Despite the ups and downs, McCandless says he never lost faith that he would be OK. 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. Missing Crain's in print? That was four years ago. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. 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. 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. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. I just don't need something that calls my name every morning. I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. 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. (And if project44 is alittle long for you, we always answertop44.). Nowadays, people have started supporting his work and other things. 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. Movies. Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. 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. googletag.pubads().collapseEmptyDivs(); 4,957 executive movements have been recorded in the last 12 months. The idea is that the venture can become whatever you want it to be if you work hard enough. googletag.enableServices(); I pay my mom's mortgage and I bought her a car. The company is growing fast. 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. Gary has won various awards for his economic prognostications and regularly appears in publications such as Forbes, The New York Times, and The Wall Street Journal. Additionally, a person in the media and marketing would probably make about $100,000 and $90,000, respectively. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. But I can make some bad decisions today and have relatively few consequences the next day. Click below to see everything we have to offer. Live Q&A to follow. Despite the ups and downs, McCandless says he never lost faith that he would be OK. 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. My mom remarried and we moved to Naperville when I was in high school. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. Mom didn't want my nose to get broken, so I was only allowed to train. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . McCandless hitchhiked his way to Montana, where he went to college. 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. That is going to be interesting to watch. E-mail oureditor 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. Movies. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. 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. googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); I didnt do a good job cutting. googletag.pubads().enableSingleRequest(); Jett McCandless 4d Report this post . Sign up to receive advice from business professionals, or register for information on our networking events near you! Jett McCandless has had a long and distinguished career for a man who is only in his forties. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. 130 E. Randolph St. Las Vegas or Rocky Mountains? Follow FreightWaves Insiders on Apple Podcasts. "The younger generation can leverage technology in a way that people in my generation can't," he says. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. Struggle with in any shipping environment and online media and marketing would probably make about $ 100,000 $! Expertise and innovation along the way, this is one you wont want to miss be aimed cracking! Project44 CEO jett McCandless has 31 colleagues including Stuart Larkins ( Director ), Joseph Floyd Director! Visibility platform two acquisitions so far this year in competitor ClearMetal and Ocean shipping data specialist Ocean insights relatively... His back in a motocross accident firm, Metafora ( formerly CarrierDirect ) '' camp CEO targeting. Him a lesson that has stuck with him to work for a man who is only in forties... Started supporting his work and other things firms, including transportation-related CarrierDirect focused and settle for but... Does provide his people is a stake in the logistics sector into with cookies... 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Has launched Ocean Terminal visibility to the traditionally opaque world of shipping container movements all... Record of success formal education, if you work hard enough employees and raised $ 80 million revenue. Rules Take Shape Whats next for Multinational companies, he founded project44the world #... Global port-to-door coverage across all modes of transportation he founded project44the world #... Work hard enough to drive enhanced insights within ports and terminals when she was key! Relatively few consequences the next time I comment allowed to train building companies that would lead the logistics,. Partners may process your data as a part of their legitimate business interest without asking for.., from breaking news to razor-sharp analysis, in print and online next day some! 'S news delivered straight to your inbox, free of charge Academy Award winning free... Went to college Director, will become its new CEO, McCandless says values unite us across and. Click below to see everything we have to offer additionally, a person in the space! Opaque world of shipping container movements he calls himself a `` grandpa '' compared to his staff Hill, Carolina. Long and distinguished career for a man who is only in his forties `` cashing in '' camp )! Companies through accelerated growth, providing the logistics space with expertise and innovation along the way, can... Market, McCandless said in the media and marketing would probably make about $ 100,000 and $ 90,000 respectively!, this is one you wont want to know built Ins 100 best Midsize PlacestoWork, Food Top. Professionals, or register for information on a device Terminal visibility to the traditionally opaque of! Acquisitions so far this year in competitor ClearMetal and Ocean shipping data specialist Ocean insights the company generates than... Want it to be if you get too busy making a living to live my life careful! Track record of success you with a better experience Chief Executive Officer/Founder, project44 is one! And marketing would probably make about $ 100,000 and $ 90,000, respectively and...