sergey petrossov net worth

The partners that we have cover a large number of international destinations, to enable our customers to be able to fly worldwide within as little as six hours from booking their flight. In response to positive reviews and the growing popularity of the mobile marketplace, Petrossov made the decision to develop what would come to be known as JetSmarter into a full-fledged business. But forJetSmarterFounder and CEO, Sergey Petrossov, its just another day at the office (or in the skies). It is this small switch in outlook that the customers needs are paramount, that can make a big difference. The FBI is also investigating JetSmarter, specifically about the business and sources of cash, drug transportation, and the cash customers transported on JetSmarter flights. They were doing this stuff back in 2005, 2006. Refresh Miami is a 501c3 non-profit with a mission to educate, inspire, connect and grow South Floridas tech and startup ecosystem. For more information visit: www.jetsmarter.com. What are the main differences between JetSmarter and its close competitors? For Petrossov, his vision is one that goes beyond mere name recognition and service. Petrossov, a native of Russia and graduate of the University of Florida, had been involved with two tech startups before launching JetSmarter in 2013. After paying to join, JetSmarter members can pay to fly on pre-scheduled flights between popular destinations or book their own aircraft and let members claim seats. Without trial, there is no error, and without error, there is no improvement. We offer travel experience packages, ranging from experiences with luxury brands like Dom Prignon, to exclusive access to VIP events. Sergey Petrossov: Founder, Chairman & CEO of JetSmarter 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. What are JetSmarters expansion plans for the future? Petrossov says the company has at times been misunderstood but hes worked hard to make its value clear. 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. Yep, JetSmarter had changed its terms and conditions again. Even CNBC, in their reporting on this issue, received a letter from JetSmarter's general counsel demanding that they "immediately cease and desist" calling former and current employees. She was told she could get three years of sophisticated membership for $87,092 a discount from the already discounted $97,500. Year: Net Worth: 2019: $19 Million : 2020: $19.5 Million: 2021: Most of my career has been spent with the Miami Herald in business news, and my expertise is writing about tech and entrepreneurs. A year later, JetSmarter needed more cash. Our goal is to one day make all air travel private. As part of the Vista Global transaction, all JetSmarter investors, including Clearlake Capital and Jefferies Financial, will become investors in Vista Global. 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. Top 3 Mistakes Car Buyers Make During Lockdown - LinkedIn JetSmarter has essentially redefined the entire industry with one, clear mission: to reimagine aviation as it was meant to be. Kim Kardashian, Kanye West, and DJ Khaled are customers of JetSmarter. Many companies featured on Money advertise with us. Also, today, in the tech age, luxury is transcending past brand to experience. Sergey Petrossov. Our average user visits JetSmarter 12 times daily. 7 calle 1, Suite 204 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. JetSmarter flight services included a mix of shared and private flights: JetSmarter claimed to offer 3,000 private jets and 2,000 free empty legs per month. How did the journey with JetSmarter begin? Russia. [20][21][22], In August 2017, JetSmarter said it had raised an undisclosed amount of institutional capital from Clearlake Capital, Leucadia National Corporation and existing investors. I moved to South Florida when I was 11 or 12. 2023 Celebrity Net Worth / All Rights Reserved. In other media reports, Vista Global indicated it planned to keep on JetSmarters tech employees based in the companys downtown Fort Lauderdale headquarters, and may even increase employment. Jetsmarter, The Uber For Private Jets Is Facing Lawsuits And Petrossov's family, however, profited handsomely. JetSmarter, once a high-flying unicorn, is being acquired Sergey Brin Cofounder and board member, Alphabet $88.5B Real Time Net Worth as of 4/29/23 #12 in the world today Photo by Kelly Sullivan/Getty Images for Breakthrough Prize About Sergey. After paying nearly $90,000 for memberships, they were being told they had to pay more to actually USE their memberships. He spends some days speaking with stakeholders while other days are spent meeting clients demands. His goal has always been to have in own company and while still in college, he . Petrossov is most known for founding JetSmarter, a technology company How it all began for the 29-year-old JetSmarter founder, and his take on the future of private aviation. The aim of the mobile app is to make travel fun, easy and convenient for our members. In other incidences, passengers and crew members have witnessed passengers using JetSmarter to transport drugs or large amounts of cash. So far, there is no announcement on the JetSmarter website. It supported chat for audio and video for website customer service. It also said it had eliminated free shuttles and for new members, it had eliminated free flights under three hours. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. With JetSmarter, youll no longer have to go through the TSA lines with unreasonable wait times, or have to deal with uncomfortable airplane seats well get you to your destination with comfort and ease. JetSmarter still has to deal with inquiries from the FAA. Founder @jetsmarter Acquired by @vistaglobalholding Building @flyxo @vistajet. Our goal is to one day make all air travel private. Sergey Petrossov - Forbes These airplanes are severely under-utilized by flying only 200 hours a year when they could be flying 1,200 hours. The plane made an emergency landing in Nebraska and Paola was removed from the plane and arrested. 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. And down the road, we want to own premium business travel in the United States, he says. The current CFO is Edward Codispoti, who had previously been chief financial officer at TradeStation. 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. Education After graduating from high school, Petrossov studied finance at the University of Florida. It said it would use the money to expand services, including routes and flight frequency.[23]. We think about three pillars: how you get there, who you meet and where you go. Just hail a private jet", "Interview: How Sergey Petrossov revolutionized private jet business", "The JetSmarter App Puts Air Travel at Your Fingertips", "JetSmarter puts a jet in your pocket, and is happy to see you", https://privatejetcardcomparisons.com/2018/09/08/jetsmarter-flight-diverted-after-threats-from-a-passenger/, https://www.miamiherald.com/news/business/article229059544.html, "Meet the private-jet startup backed by Jay Z and the Saudi royal family", "An 'Uber for private jets' startup just raised $20 million from Jay Z and the Saudi Royal Family", "With $20M In The Bank, JetSmarter Is Building The Uber Of The Skies", "Private-Jet Booking App Lands $105 Million in Funding", "JetSmarter Raises $105 Million for Uber-Like Services in the Sky", "Jay Z-backed private jet firm JetSmarter raises $105 million at $1.5 billion valuation", "Jet Membership Seller JetSmarter Raises An Undisclosed Amount Of Institutional Capital Private Jet Card Comparisons Know Before You Buy", "Lawsuits, layoffs, safety concerns, and now lack of flights cloud JetSmarter's future", "Need a Private Jet in a Pinch? To join JetSmarter costs $15,000 a year to gain access, Petrossov said, and members then pay for the flights or other services. But its not just about the brand. 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. Sergey wants to change the aviation business by making private flights accessible to the masses. Sergey Petrossov. He filed a lawsuit against JetSmarter and its salesperson. Founder and CEO of JetSmarter Some of our partners may process your data as a part of their legitimate business interest without asking for consent. The company has a trail of angry customers and at least 13 lawsuits. JetSmarter aggregates prices and availability from hundreds of aviation companies and sells flights in a variety of ways. In 2004, Petrov stepped down as president of his company to take up politics. The shuttles were a big success. Petrossov loves to fly and has traveled all over the world. Sergei Petrov - Wikipedia The main difference between JetSmarter and its close competitors is that JetSmarter gives members the flexibility to create flights on their time or find seats on flights created by fellow members all with the year-round reliability, efficiency, and service that are synonymous with flying private. 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. Language links are at the top of the page across from the title. Last year website The Verge wrote a long article detailing anonymous complaints the company faced after changing up the services it offered. 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. During his research, he also discovered that about 70 percent of all private jets were empty and the majority of their flight hours were spent traveling to pick up the next passenger, not flying the passenger themselves. Empty-leg flight deals, or repositioning flights. JetSmarters goal is to make private jet travel accessible to the masses, and more than just the privileged .01 percent. The startup recently announced it had raised $20 million in funding from the Saudi royal family and celebrities such as Jay-Z. Rick Scott joined JetSmarter CEO Sergey Petrossov to cut the ribbon on the company's new multimillion-dollar headquarters office in downtown Fort Lauderdale. Sergey Petrossov - Facebook Jet Life: Sergey Petrossov - LinkedIn We plan to continue our global expansion, and were currently focusing on expanding in the countries where there is enough supply to satisfy demand, and are continuing to partner with carriers across the globe to offer users more inventory daily. World's 12 Wealthiest People Got $36 Billion Richer in a Single Day 15 local leaders selected as GET Cities Champions for gender equity in tech. Members raved about the service, which at the time, gave them all you can fly private jet service for as little as $7,000 a year. He initially resided in California and later moved to Florida, where he continues to live today. Then, last month, its president, Edward Gennady Barsky, resigned his post after being arrested in Florida on February 16 on charges of grand theft by embezzlement, according to the Broward County Sheriffs Office booking report. After collaborating with hundreds of vendors and recruiting a team with a combined experience of more than 100 years in private air travel, the JetSmarter app was officially released in March 2013. He has a clear vision for what flying private should be, and he wont stop there. In high school, he attempted to start an import-export business for automobile tire rims. Save time and get . [39] He jumped at the chance to purchase the longer deal. Paychecks were delayed four to five weeks. Offers may be subject to change without notice. JetSmarter aggregates prices and availability from hundreds of aviation companies and sells flights in a variety of ways. Sergey Petrossov - EverybodyWiki Bios & Wiki He noted that the company had recently added access to 8,000 luxury homes (and villas) to its system. With businesses like Uber becoming the norm, how do you see the private aviation industry changing in the near future? When the company started to come under fire, it used legal threats and lawsuits to silence its customers and the media. The startup Sergey wants to change the aviation business by making private flights accessible to the masses. Whats your marketing strategy? Manage Settings One of the benefits to travel by private jet is skipping the hassle of TSA. 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. Elizabeth Holmes set out to revolutionize blood testing with Theranos. Sergey Petrossov serves as the Chief Executive Officer of JetSmarter. Also, today, in the tech age, luxury is transcending past brand to experience. This button displays the currently selected search type. It was a challenging way to get here. [1] The app connected users to available aircraft and routes in the United States, Europe and Middle East. 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. The 12 wealthiest people on the planet grew $36 . To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. All Rights Reserved. The company had booths and VIP lounges at yacht shows, art fairs, and other places wealthy people gathered en masse. The Russian-born Florida resident aims to change the landscape of private aviation by making it more attainable and efficient than ever before. I think some people just have drive and passion for what theyre doing. I fly three or four times a month, usually three domestic flights and one international flight, said Petrossov. How do you source your planes, staff and pilots? Sergey Petrossov (@sergey) Instagram photos and videos Partnerships included Pernod Ricard,[33] Vertis Aviation,[34] and SportStar Relocation. National team caps and goals, correct as of 19 November 2019. [7][8] In August 2012, the beta version was launched and tested among a closed group of private aviation users. Its like a country club that follows you around, Petrossov said. After innovation, finding the best way to connect with the audience or the market is the surest way to success. I was born in Moscow, I moved to the U.S. when I was four, and Ive lived between California and Colorado and South Florida. What's next? 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. Its not always about price, he said, noting that the company currently has 8,000 members and transports 20,000 people a month. Many customers reported that they had planes entirely to themselves. He is a Forbes-ranked billionaire, with an estimated net worth of $2.3 billion. We are continually looking at ways and means to expand our offerings within the region, and globally. I knew I wanted to go in technology, Petrossov says. Petrossov declined to say when JetSmarter would turn a profit. In the beginning, JetSmarter bought seats on flights that were empty because they were being moved to another location for a flight originating elsewhere. Not just by the luxury but by how complicated and archaic the process of booking it could be. Vista Global, owner of VistaJet and XOJET, will immediately benefit from JetSmarters industry-leading technology platform that will ease the booking process for VistaJet customers, according to a Forbes report. Customers started accusing JetSmarter of bait and switch. Our average user visits JetSmarter 12 times daily. Business growth largely depends on a combination of innovation and marketing. Were still educating. 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 Net Worth - Phone Number, House Address, Wiki Take as much risk as you can when youre young. [40], In January 2019, CNBC aired an investigative report on JetSmarter, titled "Tailspin", stating that "JetSmarter tried to be the Uber of private jets, now it faces lawsuits, losses and security questions". Thanks for reading! Your education and upbringing? It supported chat for audio and video for website customer service. 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. His ultimate goal is to create a lifestyle brand where members can book all types of travel through JetSmarter and gain access to special experiences that the company can curate. With investors that include the Saudi royal family and Jay-Z , JetSmarter is valued at $1.5 billion. Select Accept to consent or Reject to decline non-essential cookies for this use.
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