How a 21 Year Old Sergey Petrossov Got the Idea for a Billion Dollar Company

JetSmarter founder and CEO Sergey Petrossov may have turned 30 last year, but he had been able to achieve quite a few feats before reaching that milestone.

Having immigrated to the U.S. at a young age with his family, Petrossov grew up with a drive to succeed through hard work and perseverance. With the support of his family, he was able to demonstrate the signs of his entrepreneurial spirit at a young age. This was evident by how he started an actual business of importing and exporting tire rims.

The young Sergey Petrossov did not stop there but continued to search for new ideas to carve a niche for himself in the business industry. His first major business came in the form of an online chat system, while his second venture got to be a distance-learning organization. Having co-founded both of these projects, Petrossov was integral to their day to day operations, which gave him the added experience to see business ideas in unseen places.

This ability led Sergey Petrossov to his lightbulb moment in 2009. Then 21-years-old, he flew private for the first time and immediately noticed just how daunting the process for booking chartered flights was for people. Ironically, they were the very people whose reason for paying premium price was to fly comfortably in the first place.

Seeing this disconnect, the entrepreneur quickly got himself to work in order to develop a solution that could fill the gaps in charter aviation. After learning the quick welcome of online marketplaces, Petrossov put together the idea for JetSmarter.

It took some time for Sergey Petrossov to gather the required team of experts, but through his dedication and business skills, he was able to pull it all off. After some grueling work, JetSmarter was born in 2012. From there, the app continued on its path for success, and slowly achieved enough traction and premium users that it raised a massive amount of funding – to the point where it was valued at $1.5 billion dollars.

Under the leadership of Sergey Petrossov, JetSmarter has since continued to scale to an impressive extent.