For more information, read, How to Switch Careers Even if You Think It's Impossible, Your Resume Probably Needs a Pandemic Makeover. In 2009 when I began flying private, I quickly came to realize that the private jet industry was very archaic; its brick-and-mortar process of picking up the phone, waiting hours and speaking to numerous different people in order to charter a jet was outdated and inconvenient. What was your background prior to JetSmarter? Before JetSmarter, he cofounded an educational startup that sold cloud-based software for schools and universities in Eastern Europe and Russia, countries that couldnt afford legacy systems. Aviation, he adds, was my side hobby.. What are the main differences between JetSmarter and its close competitors? [20][21][22], In August 2017, JetSmarter said it had raised an undisclosed amount of institutional capital from Clearlake Capital, Leucadia National Corporation and existing investors. Members raved about the service, which at the time, gave them all you can fly private jet service for as little as $7,000 a year. The buyer of the Lauderdale-based company that provides an Uber-for-jets service is Dubai-based Vista Global, Bloomberg reported this morning. 4 "Sergey Petrossov" profiles | LinkedIn [38], In August 2018, a Los Angeles-based former member of JetSmarter filed a lawsuit seeking at least $2 million in damages from JetSmarter after the company refused to renew his membership. JetSmarter is established on the collaboration between technology and luxury by management and advisory teams with over 100 years of experience in technology, private air travel, and logistics. Sergey Petrossov, Advisor, XO His brother was also an employee. But its not just about the brand. Were still in the early days.. Learn more in our Cookie Policy. If clients and customers arent happy, the product is doomed to fail, and being at the forefront of what people want and need allows Petrossov to keep his clients and customers happy, setting JetSmarter up for further success. In September 2016, then-Florida Gov. Does that sound familiar? As an entrepreneur, Petrossov focuses heavily on two things: maintaining his professional network and building a trustworthy, relatable brand and story. Where and how did you raise capital for the company? In the private aviation industry, many are familiar with jet cards or fractional jet ownership, where a light to mid-sized jet card can cost one anywhere from $130,000 to $150,000 a year for 25 hours worth of flying. In 2016 it started eliminating the free helicopter service as well as catering on the flights. Even if that cost is divided by eight to 10 passengers, JetSmarter was losing money. Sergey Petrossovs solid work ethic and drive to succeed as an entrepreneur has been evident since high school when he founded his first business: a tire rim import/export company for luxury cars. The Fort Lauderdale, Florida based company opened offices in London, Zurich, Moscow, Dubai, and Saudi Arabia. We have also announced our series C funding raise of $105 million, at a $1.5 billion pre-money valuation, from existing and new strategic investors. Whats your marketing strategy? Sergey Petrossov is a successful businessman and entrepreneur. How To Remove Items From Your Credit Report, How To Boost Your Credit Card Approval Odds, Best Pet Insurance Companies of April 2023, Drivers May Soon Get More Money Back From Car Insurance Companies, Non-Fungible Frenzy: Why NFTs Are Suddenly Everywhere. For many domestic flights I use our companys private jet offerings.. Year: Net Worth: 2019: $19 Million : 2020: $19.5 Million: 2021: With the price point and appeal of the luxury experience, the private aviation industry will grow enormously. In 2012, I spoke to the carriers I had established relationships with and discussed how large of an impact an app to charter a private plane would have on the industry. We offer travel experience packages, ranging from experiences with luxury brands like Dom Prignon, to exclusive access to VIP events. We used this funding to expand our JetShuttle offerings and continue to expand globally. With JetSmarter, he focuses on how to make air travel more convenient and accessible, but also on how to improve the lifestyles of his members the biggest draw of JetSmarter for a lot of its members is being able to fly privately with other like-minded individuals who place a lot of importance on style and luxury. This page was last edited on 13 April 2023, at 03:18. In March 2013, JetSmarter launched globally. Members are able to book private jets in a matter of minutes, right from the palm of their hand. We have raised funding from private sources including the royal family in the Kingdom of Saudi Arabia, A-league executives, music moguls, and more. [31][32] [36], In 2017, The Verge reported that management of JetSmarter offered free flights to its reporters if an article was posted within five days of the flight. Yep, JetSmarter had changed its terms and conditions again. I went to the University of Florida and studied finance. JetSmarter faces lawsuits, losses and security questions - CNBC Support. Thank you for subscribing to Elite Traveler. The shuttles were a big success. Sergei Andreyevich Petrov ( Russian: ; born 2 January 1991) is a Russian football player. Were currently partnered with 800+ carriers across the globe, who work with our team to provide our app users with around 3,200 aircraft and 4,000 free flight hours each month. By 2009, Sergey Petrov was the 51st richest businessman in Russia, according to Forbes magazine. Awarded Forbes' 30 Under 30 in Consumer Technology, Petrossov is an entrepreneur by trade and has taken JetSmarter to heights no one would have imagined no one but himself, of course. We offer travel experience packages, ranging from experiences with luxury brands like Dom Prignon, to exclusive access to VIP events.
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