A great entrepreneur is one who sees a problem that no one else does, and then seeks to fix it. That’s how Sergey Petrossov transformed the private jet industry and made it create easy access for any of its members. So innovated was his seemingly simple solution, having an app that linked jets to clients, like Uber, that investors like the Saudi royal family and Jay-Z readily sought to back him. And JetSmarter was launched into the skies and there has been no turning back.
The 14,000 members who pay up to $15,000 a year, enjoy perks like scheduling flights or sharing seats on jets scheduled by others. It’s an easy way to be part of the elite Jet Set without owning your own plane.
The initial digital data platform launched in 2013, with minimal initial backing. Then, they went for additional venture capital funding for their sharing business. It came from a hobby of flying. Before JetSmarter, he co-founded an educational startup and needed to travel. That cloud-based software was for schools and universities in Eastern Europe and Russia, as he said, “countries that couldn’t afford legacy systems.”
“I don’t know. I think some people just have a drive and passion for what they’re doing. That’s the most important thing for entrepreneurs. If you have a real, deep drive, no matter how much you’re knocked down, you can always get your head up,” he says of his multi-faceted career, which began with businesses in his early teens. While he was a student at the University of Florida, getting a degree in business, he found the enchantment and entrepreneurial possibilities in computer science in 2005. “I knew I wanted to go in technology,” Petrossov says. Seeing the possibilities in technology and old school business.