Entrepreneur Sergey Petrossov had his first private plane flight in 2009. He was pretty impressed with the luxury on board but he was pretty flabbergasted on how complicated and old-school it was to book the trip. He said that it was a brick and mortar approach that would have been appropriate in the 1990s but not a decade later.
He decided to offer a solution to this issue. Sergey Petrossov launched JetSmarter which allows flyers around the world to book private plane trips using a mobile app. He says it’s the Uber of the aviation world. Officially launched in March 2013, the app now has 14,000 subscribers who pay up to $15,000 a year to book private jets. Users can schedule flights and find seats on jets that have been booked by other travelers.
Sergey Petrossov has had some high-profile investors back JetSmarter including rapper Jay-Z and members of the Saudi royal family. He talked in a recent interview about the issues he had to work through to make his company successful and who to become a successful young entrepreneur.
He said that he has always hustled because it’s in his nature. He’s always had the drive to build companies and build them into something he could be proud of. He said that if you’re passionate about what you do it doesn’t matter if you get knocked down because you stand right back up and keep going.
When Sergey started JetSmarter, he found partners by attending aviation trade shows. He built a small tech team to build the app and worked really hard to raise capital. He says his business needs a lot of capital so he needed to secure major funds. This included raising $105 million in 2017. He said that he wants his company to eventually be the global premier private travel company.