Sergey Petrossov is one of the youngest entrepreneurs and business owners in the world; however, many would agree that the young man is far wiser than his birthday might suggest. He is already a successful business owner and his company, called JetSmarter, has been valued at more than $1 billion. Furthermore, his rapid success has gotten the attention of some of the most recognizable names in the world, such as Jay-Z. Already, his company has drastically changed how people book a private flight. JetSmarter allows people to book their private flight from the convenience of their mobile phones. His company has already been compared to companies such as Lyft; however, Sergey Petrossov says his company is much more than this. He wants to make sure that planes are used to their potential.
Sergey Petrossov took his first flight on a private jet back in 2009. Many people are shocked by how luxurious these planes are, particularly when compared to the mess that is the commercial flying industry. Sergey Petrossov targeted this and decided to make a change. The private flying industry is already a multi-billion dollar behemoth; however, this industry was far from ready to join the modern era. To book a private flight, people needed to physically call someone and then sign actual papers. This was an analog process when people would rather book their flight from their phones. This was the goal of JetSmarter.
In this scenario, there was more that could be done to make sure that these planes were being used properly. Often, Sergey Petrossov realized that private planes were often taking off with numerous empty seats. He felt that this process was wasteful and wanted to take steps to increase the use of their planes. He organized all of these planes and integrated them through his app. His goal was to increase the use of these seats and wanted to push down the cost. In this scenario, everyone wins. Sergey Petrossov has turned JetSmarter into a leader in the business world with thousands of members and hundreds of employees.