sergey petrossov net worth

Copyright 2023 New Statesman Media Group Ltd. Latest in Luxury - Sign up to our newsletter. 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. 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. That revelation inspired the 29-year-old entrepreneur to launch JetSmarter a start-up that allows people across the globe to book trips on a private jet using its mobile app. Sergey Petrossov is thus an ideal successful young entrepreneur. [35] The company also partnered with Jet Edge and Air Hamburg to cater to its global community of private jet fliers. www.vistaglobal.com. A few weeks later, Galvez tried to book a JetSmarter flight. JetSmarter was losing money hand over fist so it went through three investment rounds to raise cash. Sergey Petrossov's Sky-High Ambitions - Yahoo Finance In September 2016, then-Florida Gov. JetSmarter aggregates prices and availability from hundreds of aviation companies and sells flights in a variety of ways. In August 2018, a Los Angeles-based former member of JetSmarter filed a lawsuit seeking at least $2 million in damages from JetSmarter after the company refused to renew his membership. In 2006, Sergey co-founded LiveContact, and in 2009 he co-founded a distance-learning solutions company called Federal Systems of Distance Education, which helped give Russian students access to pertinent educational materials. If you enjoy our content, support us by becoming a paid subscriber. Youd have only two to three people on an average airplane. She paid $9,000 for an annual membership in early 2015. Petrossov talked to us about how he founded his company, the struggles of building it, where he hopes it goes, and his tips for being a successful young entrepreneur. Sergey Petrov, 32, from Russia FK Krasnodar, since 2012 Right-Back Market value: 1.00m * Jan 2, 1991 in St. Petersburg, UdSSR And so JetSmarter came to be, though not easily. Before launching JetSmarter, Petrossov, who was named as one of Forbes 30-under-30 and one of South Floridas Top Working Professionals, co-founded two IT projects: an online chat system for website customer service and a distance-learning platform for Russian-speaking educational institutions. What are JetSmarters expansion plans for the future? Vista said it would maintain JetSmarter's office in Ft. Lauderdale where its digital team was based. The entrepreneur who changed how the world sees Russia How Sergey We just launched within the app an events and experiences section that allows members to book curated point-to-point experiences that cant be found elsewhere. [38], In August 2018, a Los Angeles-based former member of JetSmarter filed a lawsuit seeking at least $2 million in damages from JetSmarter after the company refused to renew his membership. VUE caught up with Petrossov to learn more about his journey, the future of the industry and perhaps a tip or two on how to turn a simple vision into a billion-dollar reality. Founder @jetsmarter Acquired by @vistaglobalholding Building @flyxo @vistajet. Opinions expressed on this site are the author's alone, not those of a third-party entity, and have not been reviewed, approved, or otherwise endorsed. 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. Before JetSmarter, he cofounded an educational startup that sold cloud-based software for schools and universities in Eastern Europe and Russia, countries that couldnt afford legacy systems. Aviation, he adds, was my side hobby.. In the private aviation industry, many are familiar with jet cards or fractional jet ownership, where a light to mid-sized jet card can cost one anywhere from $130,000 to $150,000 a year for 25 hours worth of flying. Our average user visits JetSmarter 12 times daily. 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. Last year website The Verge wrote a long article detailing anonymous complaints the company faced after changing up the services it offered. As a renowned principal, Sergey is always finding manners to innovate different industries. Work stopped on Bezos' megamansion as his net worth drops by $57B // < ! The idea was so simple it seemed impossible that someone hadn't thought about it before. I knew then that I wanted to start companies and tech was the field I wanted to be involved in. What was your vision? 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. Ultimately, JetSmarter allows those with a lower net worth the ability to book private flights. We think about three pillars: how you get there, who you meet and where you go. He realized that if he were to take the industry digital, not only could he revitalize it and make the process easier for everyone involved, but he could significantly cut the cost of private air travel. 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. You have this multibillion-dollar industry that was completely analogue, he says. The hardest thing for a disruptive company is getting people to try it out. This button displays the currently selected search type. Sergey is most known for founding JetSmarter. How do you source your planes, staff and pilots? So far, there is no announcement on the JetSmarter website. What are the main differences between JetSmarter and its close competitors? In September 2018, on a flight from New York to Las Vegas, 23-year-old DJ Maurice Paola started yelling and threatening to kill other passengers. 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. Language links are at the top of the page across from the title. What was your vision for the mobile app? 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. Its like a country club that follows you around, Petrossov said. JetSmarter CEO Sergey Petrossov Says Ex-President's Arrest Has 'No According to former employees, in 2016 and 2017, JetSmarter was losing $5 million a month. Jet Life: Sergey Petrossov - LinkedIn Sergey and Lolita lived in a $2 million house in a gated community in tony Boca Raton, Florida. 15 local leaders selected as GET Cities Champions for gender equity in tech. In fact, they were even cheaper than flying first class on commercial airlines. [30], JetSmarter partnered with various air carriers that span the range of the private charter industry. Founder and CEO of JetSmarter Your education and upbringing? It said it would use the money to expand services, including routes and flight frequency.[23]. According to a recent investigation by Forbes and Business Insider, Sergey Petrossov estimated net worth is more than a couple of million USD, according to the publication. A Luxury Guide to a Long Weekend in Istanbul, Sjefke Jansen on His New Role as GM of Anantara Kihavah, Le Commandant Charcot: The Worlds Only Luxury Icebreaker, The McLaren Paddock Club: Feel the Beating Heart of Formula 1. The aircraft would be managed and operated by JetEdge, a Part 135 operator. Were still in the early days.. But the app still requires convincing. I am a writer and editor with extensive media experience and a passion for journalism and serving the community. Does that sound familiar? The startup Sergey wants to change the aviation business by making private flights accessible to the masses. 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. Yep, JetSmarter had changed its terms and conditions again. VUE caught up with Petrossov to learn more about his journey, the future of the industry and perhaps a tip or two on how to turn a simple vision into a billion-dollar reality. Exclusively featured by VUE Magazine (vuenj.com). Sergey and Lolita lived in a $2 million house in a gated community in tony Boca Raton, Florida. And, if they want, they can book a fully private flight, which comes with a higher cost. . For more information visit: www.jetsmarter.com. Instead it acts as a middleman between private jets and passengers looking for seats. Sergey Petrossov launched JetSmarter, the Uber for private jet travel in 2013. What began as an idea in 2012 has now become the worlds largest private aviation travel and lifestyle community. Get an inside vue on the latest in luxury. CNBC spoke to Sally Horchow, a Los Angeles-based Broadway producer who travels frequently to New York. Author Recent Posts Follow me Nancy Dahlberg JetSmarter bought those seats at a heavy discount and then connected the seats to passengers through their app. Manage Settings Its no longer about the brand, marketing and brand association. Without trial, there is no error, and without error, there is no improvement. There are 4 professionals named "Sergey Petrossov", who use LinkedIn to exchange information, ideas, and opportunities. [36], In 2017, The Verge reported that management of JetSmarter offered free flights to its reporters if an article was posted within five days of the flight. As Galvez told CNBC: "My heart dropped. JetSmarter was the first "flying unicorn," with a valuation of more than $1 billion. Our goal is to one day make all air travel private. View the profiles of professionals named "Sergey Petrossov" on LinkedIn. After paying nearly $90,000 for memberships, they were being told they had to pay more to actually USE their memberships. Sergey Petrossov is a successful businessman and entrepreneur. 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. Sergey Petrossov, CEO of JetSmarter | Financial Times [10][11] JetSmarter had offices in Zurich, London, Moscow, Dubai, Riyadh, and Fort Lauderdale. It turned out that flight wasn't free as promised. Sergey Petrossov - Forbes JetSmarter aggregates prices and availability from hundreds of aviation companies and sells flights in a variety of ways. 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. There are approximately 22,000 private flights every single day in the United States, and one-third of them are empty. [29], In May 2018, JetSmarter announced it would have a fleet of 20 JetSmarter branded aircraft by the end of the year. To join JetSmarter costs $15,000 a year to gain access, Petrossov said, and members then pay for the flights or other services. I think some people just have drive and passion for what theyre doing. He has a clear vision for what flying private should be, and he wont stop there. 10.5K followers. Not just by the luxury but by how complicated and archaic the process of booking it could be. Peoples lifestyles are continuously enhanced by technology, so Petrossov never stops thinking about how to make the most of all of the gadgets and devices that people have at their fingertips. Their lawsuit included a text message from a JetSmarter sales representative promising free flights they allege were never provided. When JetSmarter debuted, it was touted as a disruptor in the aviation industry. JetSmarters goal is not only to make it easier for people to fly in luxury. The charges were related to a former business, not JetSmarter. In high school, he attempted to start an import-export business for automobile tire rims. Constant innovation hinges on always anticipating the clients next move and tendencies and catering to them. He plays as a right-back for FC Krasnodar. Pretend youre 80 years old and looking back on your lifehow would you feel if you didnt try anything? A few friends had introduced him to private jets, and he started asking questions, as he puts it, about how the heck this industry was run. His big idea was to apply the Uber model to private jets, which spent too much time grounded or flying empty. By enabling guests to travel to over 170 countries worldwide, JetSmarter is often referred to as a country club in the air.. 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. Most of my career has been spent with the Miami Herald in business news, and my expertise is writing about tech and entrepreneurs. His departure made fundraising, which was growing more and more necessary, exceedingly more difficult. It's 30-year-old founder is scrambling to explain himself. The FBI is also investigating JetSmarter, specifically about the business and sources of cash, drug transportation, and the cash customers transported on JetSmarter flights. There is no such thing as a typical day for Petrossov. The company said this would fuel international expansion and add at least 80 more routes to its existing 50 routes. The company is still not profitable but it isn't losing as much money on flights. Our goal is to one day make all air travel private. But when you present all the pros, you save a significant amount of money. As he points out, members are still able to choose an airport and time, and other users can opt in for the excursion. Because you cant when youre older., His other tip, which hes put to use himself, is simple. JetSmarter is headquartered in Fort Lauderdale, Florida, and maintains offices in Zurich, Moscow, London, Riyadh, and Dubai. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Continue with Recommended Cookies, Your email address will not be published. JetSmarter, the once high-flying South Florida unicorn, is being acquired. Mostly, JetSmarter will be remembered for offering an all-you-can-fly buffet of seats on scheduled private flights for under $10,000 annually, less than a single traditional charter flight. JetSmarter put together an impressive investor presentation filled with the projection that revenue would grow from $124 million in 2016 to more than $2 billion in 2019. [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 offer travel experience packages, ranging from experiences with luxury brands like Dom Prignon, to exclusive access to VIP events. JetSmarter was founded by Moscow-born Sergey Petrossov, who moved to South Florida as a teen, graduated from the University of Florida and launched JetSmarter in 2012 when he was in his early 20s. 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." Have news? Whats your marketing strategy? Then the company started charging members extra money for longer flights. [31][32] 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. By this time, however, he no longer practiced business. When youre young, those are the years you can take the most risks. While many 20-somethings stick it out paying their dues in corporate jobs, Petrossov has enthusiastically moved from one uncertain endeavor to another. With businesses like Uber becoming the norm, how do you see the private aviation industry changing in the near future? What are the main differences between JetSmarter and its close competitors? Sergey Petrov - Player profile 22/23 | Transfermarkt Sergey Petrossov - EverybodyWiki Bios & Wiki People are becoming more and more interested in Sergey Petrossov because of how much money he makes. This is just a sample. Membership swelled to about 10,000. 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. It was highly inefficient. Many private jets flying the friendly skies are empty or nearly so. I wasnt the founder but since I got involved early they called me a co-founder. And down the road, we want to own premium business travel in the United States, he says. 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. If a friend says JetSmarter is the best, the trust factor goes up. Then different membership tiers debuted. Primary Menu Sections. We have also announced our series C funding raise of $105 million, at a $1.5 billion pre-money valuation, from existing and new strategic investors. Awarded Forbes 30 Under 30 in Consumer Technology and South Florida's Top Working Professional by the Sun Sentinel, Sergey Petrossov is a serial entrepreneur and investor always seeking ways to innovate industries. But its not just about the brand. The company had booths and VIP lounges at yacht shows, art fairs, and other places wealthy people gathered en masse. We used this funding to expand our JetShuttle offerings and continue to expand globally. Still, the company and its founder, Sergey Petrossov, did a lot to pave the way for future by-the-seat and sharing models. 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 . One day in 2009, he and some of his friends were given the opportunity to fly on a private plane, but the only way to book that flight was by calling the company directly and talking to a dispatcher, who then sent them a physical invoice to sign and fax back to the company. [9], In June 2015, JetSmarter announced its new European headquarters in Zurich, Switzerland. Petrossov is most known for founding JetSmarter, a technology company

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sergey petrossov net worth

sergey petrossov net worth