JetSmarter is one of the highest valued and fastest-growing private companies in the world today. It is a private jet marketplace, which was created by a single individual. What is even more remarkable is that the person who founded and currently runs JetSmarter is by 29-year-old entrepreneur Sergey Petrossov. He has managed to do more than most entrepreneurs can accomplish in a lifetime because of his determination, vision, and hard work.
A Rising Star
Based out of Fort Lauderdale, FL, JestSmarter has some big-name investors ranging from the Saudi Royal Family to American Rap superstar Jay Z (Shawn Carter). The company started from humble beginnings is 2015 with approximately 50 employees. Since then, the company has grown by leaps and bounds and currently employs around 260.
In addition to managing to successfully propel a company to unparalleled success, he has also managed to raise $105 million for expansion via his investors. Currently, the company floes to a variety of locations including, the Middle East, Moscow, Zurich, London, and Dubai. Additional locations are currently in the works and will likely be announced in the coming year. One of the things that sets this private jet company apart is its convenience. Users pay an annual fee of $14k and then download an app that allows them to charter a jet or share a jet charter. In addition, they offer both on-demand flights and scheduled flights. They even offer last minute flight discounts for empty seats much like commercial passenger airlines.
When asked what actions entrepreneurs should take to increase volume and attract customers in similar markets, Sergey Petrossov advises that they should focus on loyal customers who are fans of the brand and harness their enthusiasm as a brand ambassador. Tailor changes to accommodate those who will help propel the brand to success.
A Life-Changing Flight
In 2009, Sergey Petrossov took a private jet flight and it made him aware of a gaping need within the industry. He spent time with the owner of the company and saw the need for an improved digital solution to a dated method. He created a business plan that operates much like Uber. He has a client-initiated flight and then people who are interested can book a seat to fly to that destination. In addition, there are professional attendants, catered food, better cabin pressure, and private airports. Today the company is thriving and even offers helicopter services at the airport. This company provides everything the affluent need in a more efficient and affordable package. Sergey Petrossov has come along way since his humble beginnings. He is set to become one of the most influential entrepreneurs in his industry at a very young age. More plans are currently in the works to improve the service, which is giving commercial airlines a run for their money.