Sergey Petrossov caught the entrepreneurial bug when he was in high school and has used his skills to start several businesses. Now, he’s shooting for the clouds and changing the aviation industry for the better with his marketplace for chartering private jets through an app called JetSmarter.
Born in Moscow, Sergey Petrossov moved to the United States when he was four, living in California and settling in South Florida when he was 12. His interest in the technology industry began when he got involved with several startups as a young adult. Studying finance at the University of Florida gave Petrossov the education he needed to propel his career into the future.
It wasn’t until he accompanied a friend on a chartered private jet that the idea for JetSmarter took shape. Sergey Petrossov was alarmed by the outdated methods needed in order to book a flight, which included phone calls, faxes, and paper invoices. He saw a luxury; high-end market operating at a ma-and-pa level and knew things needed to change. Plus, up to that point, the private jet industry was severely underdeveloped. Petrossov wanted to modernize and streamline this process, and that’s when JetSmarter was born.
Sergey Petrossov launched the JetSmarter app in 2013, which allows members to rent private jets or secure a seat on one of 50 predetermined routes all over the globe. The idea took off (literally), being backed by famous investors like Jay-Z and the Saudi royal family. By 2017, the company was valued at $1.5 billion and had 14,000 members in 2019.
Petrossov’s vision for the future of JetSmarter isn’t up in the air. He is currently working with high-end retailers, hotel chains, and restaurants to offer JetSmarter members exclusive deals and benefits. “What we are building is a community,” Petrossov told the Miami Herald in 2017. “People will join just to meet other people in the community, not for the flying,”