Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. 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. }); 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. Menu. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Moreover, he is an active . Next, he founded project44the worlds leading supply chain visibility platform. Business isnt like that. Emergence Capital partner Joe Floyd talks to Jett McCandless about his journey as an entrepreneur and how he founded project44, bringing digitization to the. Chicago, IL 60601 Sign up to receive advice from business professionals, or register for information on our networking events near you! 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. 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()); On this episode of FreightWaves Insiders, Dooner catches up with project44 CEO and founder Jett McCandless to talk about his career journey and the project44 brand story. It was a much safer environment and let me focus on school. Chicago, IL 60601 McCandless is watching those startups closely with acquisitions in mind. googletag.cmd.push(function() { Stay up-to-date with local business news and networking events from Smart Business. 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. TV Shows. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. The new office in Paris is a symbol of that commitment. 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 maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Copyright 2023. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. I never drink coffee. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Additionally, a person in the media and marketing would probably make about $100,000 and $90,000, respectively. KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . Project44 is used worldwide by names you know. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. 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. Manage Settings 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. It has more than 200 employees and raised $80 million last year. Were working with the top brands in the market. 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." googletag.cmd.push(function() { Some of our partners may process your data as a part of their legitimate business interest without asking for consent. He then tried landscaping, but that didnt work either. Jett McCandless is known for Signing Out (2016) and Beta. 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 . The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. To improve lives everywhere by creating aconnected, predictable, and sustainable world. project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. My mom named me after my uncle, who was a boxer. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? 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. In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. The Most Powerful Women In Chicago Business. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. He was a featured speaker at TEDx Chattanooga. 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. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. Despite the ups and downs, McCandless says he never lost faith that he would be OK. 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. I pay my people hardly anything when they get started, McCandless says. If I'm not careful I could get too busy making a living to live my life. Continue with Recommended Cookies, Your email address will not be published. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! My marketing and sales skills also were pretty weak. Click here to get the full experience on your screen. That was four years ago. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Its the perfect project to serve as ournamesake. He's building a dedicated M&A team. I pay my mom's mortgage and I bought her a car. A great broker is worth between 9-12 EBIT so what . An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. Contact. Jett Mccandless overall profits are growing every day, and he's also gaining a lot of attention from the public. There are companies getting close like Worldwide Express coming up on $700 million in revenue. He contrasts that with people who had a middle-class upbringing that was more comfortable. The core of our business model is we help good companies become great. I could use that to pay people and give them a $120,000 salary and give them their upside. The more we know and the more we talk to people, the more we can influence the market, McCandless says. the company grew to $35 million in revenue and now has $3.5 million in net profit. His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. googletag.pubads().collapseEmptyDivs(); He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. Public Private. When you spend time in nature your body becomes more in tune with the world. Under Jett's leadership, project44 has grown into a $2.4 billion "unicorn" that tracks over 1 billion shipments annually in 170+ countries for over 1,200 leading brands. 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.". The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. Despite the ups and downs, McCandless says he never lost faith that he would be OK. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. window.googletag = window.googletag || {cmd: []}; At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. To understand Jett's wealth, one must take into account his various sources of income. What would you do? Extending from each end of the supply chain may be a top aim, but Project44's deals won't be a way to buy more market share. 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. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. In 1953, Highway 44 opened as Rte. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. 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. Las Vegas or Rocky Mountains? Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. The journey to get here was anything from straightforward. Follow FreightWaves Insiders on Apple Podcasts Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. 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. The colleagues of Jett McCandless. This documentary-style series follows investigative journalists as they uncover the truth. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. 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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