Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. 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. Movies. The consent submitted will only be used for data processing originating from this website. Next, he founded project44the worlds leading supply chain visibility platform. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. It has more than 200 employees and raised $80 million last year. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. Caffeinated or decaf? Contact us at events@freightwaves.com for questions or concerns. 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. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! 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. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. 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. That's an unusual first name. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . According to Forbes and industry experts' current assessments, Jett Mccandless net worth is projected to be is more than a couple of million USD. googletag.enableServices(); project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. Jett's age is 65. Were working with the top brands in the market. Were innovators with ambition, fixing the tech issues that plague the global supply chain. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. Over 8.5M assets are tracked in their system across 48+ countries. Why? 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. 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. "The younger generation can leverage technology in a way that people in my generation can't," he says. Las Vegas or Rocky Mountains? 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. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. He got his start in the trucking business on the. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. . Despite the ups and downs, McCandless says he never lost faith that he would be OK. 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. Stay up-to-date with local business news and networking events from Smart Business. 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 would go wakeboarding. I hope I have more vision than that. The new office in Paris is a symbol of that commitment. I never drink coffee. Its the perfect project to serve as ournamesake. 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 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. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Fill out the form below to speak with avisibility expert. 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. A great broker is worth between 9-12 EBIT so what . Contact. E-mail oureditor Project44 is used worldwide by names you know. 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. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. 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. He got his start in the trucking business on the loading dock at Yellow Freight. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. Menu. 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. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. Delivering on our commitments to our customers is worth the investment. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. I wasnt strong enough or old enough to push a lawnmower, McCandless says. 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. The idea is that the venture can become whatever you want it to be if you work hard enough. window.googletag = window.googletag || {cmd: []}; McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. Main competitor Fourkites, data-driven freight brokerage Flexport, trucking tech startup KeepTruckin, and others brought in rounds of $100 million and above this year. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? To improve lives everywhere by creating aconnected, predictable, and sustainable world. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. That was four years ago. I pay my people hardly anything when they get started, McCandless says. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. Its CEO is targeting logistics startups with good tech but lacking sales skills. To understand Jett's wealth, one must take into account his various sources of income. My mom remarried and we moved to Naperville when I was in high school. Moreover, he is an active . The company is growing fast. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. It was a much safer environment and let me focus on school. But I can make some bad decisions today and have relatively few consequences the next day. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. Weve been able to break through that barrier. His achievement stems from the ascension of diligent labor. The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. Continue with Recommended Cookies, Your email address will not be published. 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. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. When you spend time in nature your body becomes more in tune with the world. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. Now I practice (mixed martial arts). Click below to see everything we have to offer. One thing McCandless does provide his people is a stake in the company. . 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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