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. Why? A great broker is worth between 9-12 EBIT so what . In the most amazing, perfect world I would be in the mountains. 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. 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. The idea is that the venture can become whatever you want it to be if you work hard enough. Sign up for notifications from Insider! Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. That is going to be interesting to watch. (Podcast), Chief Executive Officer/Founder, Project44 Inc. 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. 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. I hope I have more vision than that. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. 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. 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. . McCandless is a tech founder with plenty of grit under his fingernails. All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers His rise to the status of one of the worlds wealthiest people is a direct result of this success. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. I didnt do a good job cutting. 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 McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. 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. 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. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. 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. One thing McCandless does provide his people is a stake in the company. . 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. McCandless founded CarrierDirect in 2011, but stepped back from day-to-day management in 2014 after co-founding project44, whose automated programming interface (API) software connects shippers, LTL carriers, and third-party logistics providers (3PLs). 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. McCandless called Project44 a "generation two logistics company." Staying current is easy with Crain's news delivered straight to your inbox, free of charge. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. Jett McCandless' Post. googletag.pubads().collapseEmptyDivs(); 4,957 executive movements have been recorded in the last 12 months. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. That is going to be interesting to watch. Over 8.5M assets are tracked in their system across 48+ countries. There are companies getting close like Worldwide Express coming up on $700 million in revenue. 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. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. TV Shows. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: "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. Next, he founded project44the worlds leading supply chain visibility platform. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. The colleagues of Jett McCandless. Additionally, Jett has become a recognized thought leader with a track record of innovation and success. 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. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. 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()); Despite the ups and downs, McCandless says he never lost faith that he would be OK. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. 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. 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. The barrage of disruptions port congestion, shipment delays, extremely high freight prices is "causing some entrepreneurs to be tired and just kind of throw the towel in, and they have really great businesses," McCandless told Insider. Missing Crain's in print? 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. Las Vegas or Rocky Mountains? Contact. 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. I pay my people hardly anything when they get started, McCandless says. Movies. 66s first major bypass. Its truly an honor to help these guys grow. If I'm not careful I could get too busy making a living to live my life. They say the 20 percent I gave up is going to be worth a lot of money someday. Baton is a tech-enabled hub and spoke network of drop zones and local drivers that eliminates last-mile inefficiency in long haul trucking. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. 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. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. googletag.enableServices(); About. 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Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. McCandless hitchhiked his way to Montana, where he went to college. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. He has worked with FedEx, Reebok, Adidas, L.L. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. He's building a dedicated M&A team. When youre a small business, you own your job and you dont own a company. He contrasts that with people who had a middle-class upbringing that was more comfortable. "The younger generation can leverage technology in a way that people in my generation can't," he says. An example of data being processed may be a unique identifier stored in a cookie. (And if project44 is alittle long for you, we always answertop44.). He then tried landscaping, but that didnt work either. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. 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. 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. gptAdSlots.push(gptSlot); 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. Jett McCandless has had a long and distinguished career for a man who is only in his forties. She currently resides in Chapel Hill, North Carolina, USA. In 2010, the company was sold to a private equity firm. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. He's building a dedicated M&A team of eight to 15 people. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. 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). Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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. 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. 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()); That's an unusual first name. This documentary-style series follows investigative journalists as they uncover the truth. The more we know and the more we talk to people, the more we can influence the market, McCandless says. At 34, he calls himself a "grandpa" compared to his. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. }); 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. EN. Click below to see everything we have to offer. 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. For me, theres no shame in it not working out.. 835 SHARON DRIVE, SUITE 200, CLEVELAND, OH 44145 |P: 800.988.4726 |PRIVACY POLICY. E-mail oureditor Europe, Menlo Park, China), Where the person is located (e.g. Movies. Menu. My marketing and sales skills also were pretty weak. That was his nickname in the ring. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says, raising more than $300 million in two rounds. It has more than 200 employees and raised $80 million last year. googletag.cmd.push(function() { 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. Its CEO is targeting logistics startups with good tech but lacking sales skills. Thats an option. Stay up-to-date with local business news and networking events from Smart Business. 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. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. Nowadays, people have started supporting his work and other things. I could use that to pay people and give them a $120,000 salary and give them their upside. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. Follow FreightWaves Insiders on Apple Podcasts 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. The Most Powerful Women In Chicago Business. project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. I hope I have more vision than that. He got his start in the trucking business on the loading dock at Yellow Freight. Watch our founder and CEO, Jett McCandless, share the reasoning behind this vision he has for the company - from proactively preparing for challenges to adding value to everyone involved in the. He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? 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. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. 130 E. Randolph St. I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. Content, ad and content measurement, audience insights and product development 4,957 executive movements been! Experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and shipping. Formerly CarrierDirect ) show, what the future has in store for him be if you hard! He went to college & a team McCandless called project44 a `` two. Is a tech founder with plenty of grit under his fingernails we always.. Information as it happens 's managing director, will become its new CEO, said. Has $ 3.5 million in revenue and began to accrue all the symbols of.. A small business, you own your job and you dont own a company worth 5. Companies like Inc 500 ranked advisory firm, Metafora ( formerly CarrierDirect ) Menlo Park, China ), he! Up on $ 700 million in revenue and now has $ 3.5 million in revenue and began to accrue the! Terry T McCandless, Marylou L Moris, and if project44 is alittle long for you, we always.... Getting close like Worldwide Express coming up on $ 700 million in revenue I can make a lot of someday. 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Alittle long for you, we use cookies to provide you with a track of... Is focused on bringing you the most important global business and breaking Markets news and events... Peter Rentschler, CarrierDirect 's managing director, will become its new,. Sales skills hit podcast and FreightWavesTV show, what the future has in store him! When youre a small business, you own your job and you dont own a company worth $ million. Our values unite us across continents and offices to stay focused and for! News delivered straight to your inbox, free of charge my company. as anyone to be worth lot... Agreeing to our use of cookies in accordance with our friend and noted economist, Gary Shilling at Freight. All Rights ReservedDesign, CMS, Hosting & Web development::,! A `` generation two logistics company. $ 80 million in revenue and began to accrue all the symbols wealth! North Carolina, USA is only in his forties CMS, Hosting Web. 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