Project44 is used worldwide by names you know. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. Stay up to date with what you want to know. Delivering on our commitments to our customers is worth the investment. To understand Jett's wealth, one must take into account his various sources of income. I get challenged by a lot of other CEOs, McCandless says. 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. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million Chicago, IL 60601 An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. Moreover, he is an active . 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 is founder and CEO of project44, the world's leading supply chain visibility platform. Mom didn't want my nose to get broken, so I was only allowed to train. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. It has more than 200 employees and raised $80 million last year. 4,957 executive movements have been recorded in the last 12 months. 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. When youre a small business, you own your job and you dont own a company. Pretty sharp contrast to have happened in 45 days. Save my name, email, and website in this browser for the next time I comment. Required fields are marked *. 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. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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. 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. 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. Copyright 2023. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. Missing Crain's in print? After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. 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()); Next, he founded project44the world's leading supply chain visibility platform . Along the way, I can help people who are amazing and accomplish their own personal goals. 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. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. About. 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()); Target and Solo Cup are opening huge warehouses in the southwest suburbs, Widow of Richard Duchossois selling Inverness home, Four ways to get Michael Jordan's mansion sold at last, State Farm posts record $6.7 billion loss as inflation takes a toll, Walgreens Boots Alliance plans partial HQ sale. Jett McCandless is Founder and CEO of project44. My marketing and sales skills also were pretty weak. And then in the blink of an eye, he lost it all. 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. Its the perfect project to serve as ournamesake. The Most Powerful Women In Chicago Business. 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. The more we know and the more we talk to people, the more we can influence the market, McCandless says. Learn More. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. 835 SHARON DRIVE, SUITE 200, CLEVELAND, OH 44145 |P: 800.988.4726 |PRIVACY POLICY. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. His rise to the status of one of the worlds wealthiest people is a direct result of this success. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. 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 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. I wasnt strong enough or old enough to push a lawnmower, McCandless says. I just don't need something that calls my name every morning. McCandless hitchhiked his way to Montana, where he went to college. PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. It was a much safer environment and let me focus on school. 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. 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. Over 8.5M assets are tracked in their system across 48+ countries. That was his nickname in the ring. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. McCandless called Project44 a "generation two logistics company." There are companies getting close like Worldwide Express coming up on $700 million in revenue. A business owner in New York with a model similar to that of Jett's earns about $500,000. Despite the ups and downs, McCandless says he never lost faith that he would be OK. googletag.pubads().enableSingleRequest(); To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. 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. I would go wakeboarding. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Jett McCandless is known for Signing Out (2016) and Beta. Who knew? 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Were innovators with ambition, fixing the tech issues that plague the global supply chain. KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . 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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