JetSmarter is a new type of marketplace for hiring a private jet that is changing the industry and the person behind this billion-dollar startup is Sergey Petrossov, a young entrepreneur. He created his startup back in 2013 and the last few years have brought a lot including $105 million in raised funds back at the end of 2016. The company is based in Fort Lauderdale and is labeled as one of the rare “unicorn” startups in the United States. Back in 2015, JetSmarter only had around 50 employees and now this number is in the hundreds. As they continue to offer service to more regions, they continue to hire more people. Some of the other locations of its offices include Saudi Arabia, Moscow, Dubai, Zurich, and London.
As the Chief Executive Officer of the company, Sergey Petrossov hopes to create a new type of travel experience that is more of a lifestyle community that delivers a high-quality experience every step of the way. When he first got the idea for JetSmarter, he didn’t know much about the private jet industry but was intrigued by all of the potentials that he saw within it. In just one day, there are 21,000 flights on private jets a day while commercially there are only around 2,000 more. He also found out that only about a third of all seats are filled on flights on average and he realized that there had to be a more efficient way.
While JetSmarter may only have started out as a side project for Sergey Petrossov, it quickly grew beyond that as his family and friends who had tried the service encouraged him to take it further. He was able to gain the attention of some investors and the company just grew from there. With JetSmarter, he hopes to be able to build a type of community in travel instead of having people just choose flights based on how much they cost. He believes that people will join the service just based on the fact that they want to meet others that are part of the community.