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This tailored approach seems to be working. National team caps and goals, correct as of 19 November 2019. Shocked that Samsung has been considering switching its default phone search to Microsofts Bing, with Apple's contract up for renewal as well, Google is pulling out all the stops for Google I/O next month with new chat features for its traditional search function, while keeping Bard at bay. JetSmarter was founded in 2012 by entrepreneur Sergey Petrossov,[5][6] whose idea made him one of Forbes' "30 Under 30" business leaders of 2016. But that has raised concerns for some of JetSmarter's customers. [30], JetSmarter partnered with various air carriers that span the range of the private charter industry. Sergey Petrossov - Board Advisor @ Vista Global - CrunchBase [28] Adding to its services, the company offered helicopter transfers in select cities. One of the benefits to travel by private jet is skipping the hassle of TSA. His wife Lolita ran the day to day business as its CEO. Still, the company and its founder, Sergey Petrossov, did a lot to pave the way for future by-the-seat and sharing models. We think about three pillars: how you get there, who you meet and where you go. In fact, they were even cheaper than flying first class on commercial airlines. Often called " Uber " for private air travel, JetSmarter enables people to book. Since JetSmarters launch in 2013, the company has focused on making the booking process as easy as possible JetSmarter is often compared with Uber for how easy it is to book and democratizing private aviation by making it more affordable and accessible. He believes in the potential growth of the industry and apparently so do his investors, including the likes of Jay-Z and the Saudi Royal Family. How it all began for the 29-year-old JetSmarter founder, and his take on the future of private aviation. Partnerships included Pernod Ricard,[33] Vertis Aviation,[34] and SportStar Relocation. Consumers are turned off by processes that make it difficult for them to accomplish their goals. He was charged with five counts of grand theft by embezzlement by authorities in Contra Costa, California. Constant innovation hinges on always anticipating the clients next move and tendencies and catering to them. (Epstein declined to comment.). Still, despite JetSmarter's aggressive legal bullying, a number of former members have joined a class action lawsuit against the company. Refresh Miami is a 501c3 non-profit with a mission to educate, inspire, connect and grow South Floridas tech and startup ecosystem. He alleged misleading advertising on social media from Kim Kardashian and Petra Nemcova as well as deceptive sales tactics. JetSmarter was losing money hand over fist so it went through three investment rounds to raise. 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. Its about personalization and what I call predictive hospitality. A membership model would give the company both regular revenue and enough customers to set it on the road to going public one day. Founder and CEO, JetSmarter Boca Raton, Florida About Sergey Petrossov Sergey wants to change the aviation business by making private flights accessible to the masses. Ultimately, JetSmarter allows those with a lower net worth the ability to book private flights. Petrossov loves to fly and has traveled all over the world. Kim Kardashian, Emily Ratajkowski and David Ortiz were paid to be brand ambassadors. TAGS:AIRPLANEAVIATIONFLYFLYINGJETJET SMARTERLUXURYPRIVATE. When I was 18, I wasnt really into college that much I was more interested in getting out of college and I got involved with my first startup. Its no longer about the brand, marketing and brand association. Sergey Petrossov Founder JetSmarter (Acquired) | CEO | Board Member | Entrepreneur | Vista Global Executive Miami-Fort Lauderdale Area 5K followers 500+ connections Join to view profile Vista. The entrepreneur who changed how the world sees Russia How Sergey Utilizing his previous experience co-founding two IT companies and serving as a board advisor to a private jet operator based in South Florida, Petrossov created a user-friendly app allowing travelers to order flights Back in the early days, a JetSmarter membership also included free helicopter service to its airports and catering on the flights. How Much Would You Pay To Have Unlimited Flights Around The World Forever. [12][18][19], In December 2016, JetSmarter announced it had raised an additional $105 million at a $1.6 billion valuation. Petrossov knows this, which is why he takes his time to build his professional relationships and the JetSmarter brand. Experienced Entrepreneur. this link is to an external site that may or may not meet accessibility guidelines. For more information, read, How to Switch Careers Even if You Think It's Impossible, Your Resume Probably Needs a Pandemic Makeover. Yet more recently, JetSmarter has been plagued by numerous lawsuits, financial issues and negative press, all suggesting the business model wasnt working. Contact me at ndahlbergbiz@gmail.com. Sergey wants to change the aviation business by making private flights accessible to the masses. Vista said it would maintain JetSmarter's office in Ft. Lauderdale where its digital team was based. Get the latest sergey petrossov news, articles, videos and photos on the New York Post. Also, today, in the tech age, luxury is transcending past brand to experience. The shuttles were a big success. Petrossov launched the JetSmarter app back in 2013 and never looked back, its even been referred to by some as Uber for private jets, moving more passengers annually than anyone in the industry. For more information visit: www.jetsmarter.com. A few weeks later, Galvez tried to book a JetSmarter flight. The flights Horchow took were a fraction of the cost of other private jet companies. By 2009, Sergey Petrov was the 51st richest businessman in Russia, according to Forbes magazine. Manage Settings Utilizing his previous experience co-founding two IT companies and serving as a board advisor to a private jet operator based in South Florida, Petrossov created a user-friendly app allowing travelers to order flights with top-rated private jet operators. In August 2012, I made it a reality and created the beta version of JetSmarter, sharing it with an exclusive group of industry experts and frequent private jet users. A seasoned jet setter, Petrossov said he defines luxury travel as flying around the world on your personal VIP configured Boeing BBJ or Airbus ACJ. His best travel tip? The planes werent being utilized enough. By this time, however, he no longer practiced business. In the beginning, JetSmarter bought seats on flights that were empty because they were being moved to another location for a flight originating elsewhere. What are JetSmarters expansion plans for the future? The aim of the mobile app is to make travel fun, easy and convenient for our members. According to former employees, in 2016 and 2017, JetSmarter was losing $5 million a month. In 2004, Petrov stepped down as president of his company to take up politics. Also, today, in the tech age, luxury is transcending past brand to experience. Thats a shift. In season, helicopter shuttles to the Hamptons from Manhattan are available as well. Sergey Petrossov | New York Post Your email address will not be published. And let's not forget Billy McFarland and the Fyre Festival debacle. Sergey Petrossov. JetSmarter aggregates prices and availability from hundreds of aviation companies and sells flights in a variety of ways. Should the arrest of a former top executive on unrelated charges and the shifting of CFOs raise questions about the business? Petrossov formed relationships in aviation by going to trade shows. That means a one way trip from New York to Los Angeles would cost more than $30,000. Petrossov said that he had added the role of president at the Fort Lauderdale-based companies to his duties as chief executive since Barskys departure. Petrossovs career as an entrepreneur has been finding those difficult processes and making them simple and more accessible. Im taking on a little extra responsibility, he said. Primary Menu Sections. You can update your choices at any time in your settings. Its 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. JetSmarter still has to deal with inquiries from the FAA. Many companies featured on Money advertise with us. 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. He plays as a right-back for FC Krasnodar. www.vistaglobal.com. JetSmarters goal is also to utilize those passenger-free flight hours and fill them. Be the first to know about the latest in luxury lifestyle news and travel. Sergey Petrossov - Chief Growth & Digital Officer - LinkedIn She flew across the country in a Gulfstream IV 13 times. Connect with Sergey Petrossov: Twitter | Facebook | LinkedIn | Instagram | YouTube, A weekly download of the latest product launches, technology news, innovations in medicine, and more, about 70 percent of all private jets were empty. Serge y Petrossov is the founder and CEO of JetSmarter Sergey Petrossov, CEO of JetSmarter | Financial Times And down the road, we want to own premium business travel in the United States, he says. In terms of our marketing strategy, our business wouldnt exist without word-of-mouth. [14], On April 10, 2019, Dubai-based Vista Global said it had made an agreement to acquire JetSmarter adding it to its aviation portfolio, which includes VistaJet and XOJET. We spend a lot of time asking members to spread the word. https://money.com/jetsmarter-uber-private-jets-ceo/. As an entrepreneur, Petrossov focuses heavily on two things: maintaining his professional network and building a trustworthy, relatable brand and story. As a renowned principal, Sergey is always finding manners to innovate different industries. [31][32] See a Bloomberg news video here. Also, the mass affluent are looking for experiences tailored to the lifestyle they want to live. Members are able to book private jets in a matter of minutes, right from the palm of their hand. She was told the membership included free flights under three and a half hours, a discount on longer flights, and the potential to bring up to three guests. Its not every day that you see a 29-year-old at the helm of a billion-dollar company. The company had no comment on The Verge reporting or Barsky's exit for this story. Sergey Petrossov is thus an ideal successful young entrepreneur. The Russian-born Florida resident aims to change the landscape of private aviation by making it more attainable and efficient than ever before. It required literally calling to book and signing papers. The JetSmarter app is available for iOS and Android download in the iTunes store or Google Play store. Our average user visits JetSmarter 12 times daily. View the profiles of professionals named "Sergey Petrossov" on LinkedIn. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. We bootstrapped a small tech team in 2012, built an app, met with industry people, raised a little bit of money, and launched to the public in 2013. The aircraft would be managed and operated by JetEdge, a Part 135 operator. We used this funding to expand our JetShuttle offerings and continue to expand globally. I dont know. 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. Empty-leg flight deals, or repositioning flights. What. JetSmarter aggregates prices and availability from hundreds of aviation companies and sells flights in a variety of ways. In 10 years, I think theres a big opportunity as you move into shorter-distance flights where we can actually deliver a much broader, mass-market solution, where you can actually serve customers at $500 a seat, he says. Remember! More importantly, without trial and error, there is no innovation and, ultimately, no advancement or progress. JetSmarter was a corporation and mobile application for private jet users. If you have a real, deep drive, no matter how much youre knocked down, you can always get your head up, he says of his career. Additionally, JetSmarter partners exclusively with operators that carry a Wyvern Wingman or ARG/US Gold or Platinum safety rating, viewable in the app along with each aircrafts liability insurance. Sergey Brin - Forbes JetSmarter aggregates. What was your vision for the mobile app? In 2016 it started eliminating the free helicopter service as well as catering on the flights. His success has come from the rising of hard work. JetSmarters starting point is $17,500, so theyve essentially lowered the entry point for private aviation, allowing many people with a lower net worth to fly privately when they never could before. We are continually looking at ways and means to expand our offerings within the region, and globally. He was also a board advisor to a private jet operator with the worlds largest on-demand Gulfstream charter fleet. Jet Life: Sergey Petrossov - VUE magazine After paying nearly $90,000 for memberships, they were being told they had to pay more to actually USE their memberships. 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. The company faces unknown costs from the lawsuits and refunds, the class action lawsuit, and the outcome of the investigations by the FAA and FBI. 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. The company is still not profitable but it isn't losing as much money on flights. Here's Where to Start, 6 Random Job Skills Employers Are Looking for in the Covid Era, 5 Time Management Tips That Will Make You More Money, How to Pay Off Debt Even If You Just Lost Your Job, Meet the 29-Year-Old CEO Who Turned His Hobby Into a $1.5 Billion Business That's Backed by Jay-Z. His departure made fundraising, which was growing more and more necessary, exceedingly more difficult. 4 "Sergey Petrossov" profiles | LinkedIn JetSmarters goal is to make private jet travel accessible to the masses, and more than just the privileged .01 percent. But for JetSmarter Founder and CEO, Sergey Petrossov, its just another day at the office (or in the skies). Sergey Petrossov, CEO of JetSmarter Autopilot is a godsend for getting work done in the car Sergey Petrossov of JetSmarter in his office in Fort Lauderdale, Florida Josh Ritchie/FT Janina. Select Accept to consent or Reject to decline non-essential cookies for this use. In March 2013, JetSmarter launched globally. Continue with Recommended Cookies, Your email address will not be published. I love hosting this blog for Refresh Miami and we aim to be the go-to site for South Florida startup and tech news, features and views. We offer travel experience packages, ranging from experiences with luxury brands like Dom Prignon, to exclusive access to VIP events. Then, in early 2017, Gennady Barsky, JetSmarter's president was arrested and charged with grand theft. 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. In March 2013, JetSmarter launched globally. When the company started to come under fire, it used legal threats and lawsuits to silence its customers and the media. Mass affluent want a one-stop-shop for all three, and thats what we strive to offer. When they asked for refunds, JetSmarter told them to read the legal disclosures in their membership agreements that said the company could "change, suspend, or terminate any of the services or benefits at any time." Youd have only two to three people on an average airplane. That was my first experience working with engineers and I learned with technology how much value you can bring in a short amount of time. JetSmarters goal is not only to make it easier for people to fly in luxury. JetSmarter has essentially redefined the entire industry with one, clear mission: to reimagine aviation as it was meant to be. We are continually looking at ways and means to expand our offerings within the region, and globally. In September 2016, then-Florida Gov. But forJetSmarterFounder and CEO, Sergey Petrossov, its just another day at the office (or in the skies). We and our partners use cookies to Store and/or access information on a device. Members also have access to free last-minute flights on empty legs. In order for JetSmarter to keep flying, it had to keep recruiting active members. He has a clear vision for what flying private should be, and he wont stop there. JetSmarter has reinvented private air travel by making it affordable and straightforward, doing away with what is considered an antiquated booking system in favor of a streamlined, technological alternative. Customers are calling the company a "high tech shell game" and an "unlawful bait and switch" and a "fraud," according to the lawsuits filed against the company. In April 2018, JetSmarter was valued at $1.5 billion and had 15,000 subscribers who paid a minimum of $5,000 a year to book flights and share seats on flights on private jets via the company's app. He is seeking a refund and damages. An example of data being processed may be a unique identifier stored in a cookie. Jay-Z's Private Jet Startup "JetSmarter" Just Raised $105 Million In Series C Funding, Jay-Z And Saudi Royalty Invest In 'Uber For Private Jets' App. He noted that the company had recently added access to 8,000 luxury homes (and villas) to its system. Now people from all walks of life have started evaluating his merits. Top 3 Mistakes Car Buyers Make During Lockdown - LinkedIn He is a Forbes-ranked billionaire, with an estimated net worth of $2.3 billion. Sergey Petrossov Young Economics & Finance Graduate With Marketing Experience Interested In Data Analytics Field Published Jun 28, 2020 + Follow Do you feel like pulling your hair out because you . Copyright 2023 New Statesman Media Group Ltd. Latest in Luxury - Sign up to our newsletter. When he was a student at the University of Florida, he got exposed to computer science and joined a startup for live chatting. Sergey Petrossov, a Young Man with a Big Dream: Sergey Petrossov moved to the U.S. as a young boy, and his family finally settled in Florida. Many customers reported that they had planes entirely to themselves. Innovating For The Mass Affluent: A Q&A With JetSmarter CEO Sergey His goal has always been to have in own company and while still in college, he . The buyer of the Lauderdale-based company that provides an Uber-for-jets service is Dubai-based Vista Global, Bloomberg reported this morning. Their lawsuit included a text message from a JetSmarter sales representative promising free flights they allege were never provided. 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. [35] The company also partnered with Jet Edge and Air Hamburg to cater to its global community of private jet fliers. Marketing has long been atop the list of priorities for successful companies, and thats even truer now given the digital landscape JetSmarter exists in, which is full of advertising channels and opportunities to connect directly with the consumer base. But the app still requires convincing. Petrossov said then he started working on the idea in 2012 as a side project and since then it has been one long hectic ride. Over the years, he also said he hoped to take JetSmarter public. Members who pay $9,000 a year, for instance, can get cheaper deals, whilst travellers can charter an aircraft and share the cost with others who seek the same itinerary. JetSmarter customers can charter a plane buy buying a minimum number of seats usually three or four and then JetSmarter sells the rest of the seats to other customers. [13], On September 5, 2018, a JetSmarter shared charter flight from Las Vegas to New York had to make an emergency landing in North Platte, Nebraska, after a passenger threatened other passengers and the crew.