Sergey PetrossovEveryone dreams about being rich, not necessarily famous, but certainly rich so that they do not have to worry about money. Petrossov does have a point- while Uber needs to be given credit for being a game-changer in the taxihailing business, the sheer scale, complexity and logistics involved in booking a private jet take what JetSmarter does into a different league altogether.
A challenge we faced while growing was that people didn't believe that they could now fly private at the entry level price they were buying into, and now people are able to network with other like-minded people on our jets, make business deals, and fly to places more often than before utilizing our JetShuttles.
There are around 18,000 jets across the globe, so this adds up to millions of underutilized paid hours The marketplace that Sergey Petrossov has created helps to decrease the underutilized hours and create product lines with the ability to book and entire jet or just one seat.
In 2009 I began flying private after selling my first IT company and 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process of picking up the phone, waiting hours and speaking to numerous different people in order to charter a jet was outdated and inconvenient.
It's been a wild few months for Sergey Petrossov, the 28-year-old founder and CEO of JetSmarter, which hopes to be the Uber of private jet service and has gained high-profile investors like the Saudi Royal Family and Jay Z. In December, it garnered a giant $105 million round of financing that pushed the private company's valuation to $1.5 billion.
Q&A with JetSmarter CEO about his entrepreneurial ride, road ahead Miami Herald In December, JetSmarter, the Fort Lauderdale-based private jet marketplace, announced that it raised $105 million from new and existing investors, including the Saudi royal family and Jay Z. Investors value the company at $1.5 billion, which in venture-capital speak makes it a rare unicorn,” a private company valued over $1 billion.
As for private aviation, I quickly ascertained that there was something missing from the industry—the ease of booking flights quickly via a mobile app, that's it. With the creation of JetSmarter, we've simplified the booking process, provided free and discounted flights to regular travelers and consumers, and grown the company globally as we continue to solve problems for people.
I also believe that operational costs will significantly decrease due to hybrid electric aircraft, and with proper sharing technologies (JetSmarter app) private Sergey Petrossov Miami, Florida. aviation will be priced at a level accessible to the masses. PS: We are continuously expanding our services and enhancing our JetDeal and JetShuttle offerings.
What began as an idea in 2012 has now become the world's largest private aviation travel and lifestyle community. The fundamental idea behind JetSmarter came to me sometime in 2009, when I realized that the average airplane is only flying about 200 hours a year when they could be flying close to 1,200 hours.
Before launching JetSmarter, Petrossov co-founded two IT projects: an online chat system for website customer service and a distance-learning platform for Russian-speaking educational institutions. The greater the number of members, Mr Petrossov continues, the greater the number of flights, and the more attractive the proposition becomes to both existing and new customers.
Members are able to book private jets in a matter of minutes, right from the palm of their hand. Sergey Petrossov, CEO of JetSmarter, came up with the idea after a few frustrating moments of booking his own private travel. To join JetSmarter costs $15,000 a year to gain access, Petrossov said, and members then pay for the flights or other services.