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- The Accelerator Conundrum
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jonny nicol
A Pilot’s Heroic Journey: Jonny Nicol, CEO of Stratajet (Part 7)
Sramana Mitra: How many private jet operator companies are out there? Jonny Nicol: In the US, there are 3,300 private jet companies, which have a thing called 135 accreditation. That’s a legal FAA requirement to be a charter company. We deal with only 500 of them because we want to make sure that we’re only
A Pilot’s Heroic Journey: Jonny Nicol, CEO of Stratajet (Part 6)
Sramana Mitra: How many people were on the team at this point when you were going through this? Jonny Nicol: Six months earlier, there were 16 people. I actually let people go before we ran out of money, which was painful. Then there were eight of us. It wasn’t actually the case that they could work
A Pilot’s Heroic Journey: Jonny Nicol, CEO of Stratajet (Part 5)
Sramana Mitra: Let me summarize here. You got about $800,000 from these hedge fund guys. Let’s call it angel financing. What year was that? Jonny Nicol: It ended up at $1.6 million. That was 2013. Sramana Mitra: You had already run this company with your own money for three years before you got the angel financing?
A Pilot’s Heroic Journey: Jonny Nicol, CEO of Stratajet (Part 4)
Sramana Mitra: Is there a convenient way to get the database of all the private jets’ flights just like an online travel agency for commercial flights can access such a database? Is there an equivalent of that database available somewhere or did you have to create that? Jonny Nicol: I had to build it from
A Pilot’s Heroic Journey: Jonny Nicol, CEO of Stratajet (Part 3)
Sramana Mitra: What happens next? Jonny Nicol: I got a one-year work clause where I was still on-call and working, but, in reality, I was not going to work. Instead, I used my pilot license which I got from the military to do some freelance piloting. I had three jobs. I was an air display pilot, air ferry
A Pilot’s Heroic Journey: Jonny Nicol, CEO of Stratajet (Part 2)
Sramana Mitra: I’m interested in success from a financial point of view. What kind of revenues were you able to generate with that company and what happened to it? Jonny Nicol: In the first month, revenues were $100. In month 11, it was $238,000. I actually disagree that you measure the success of a company
A Pilot’s Heroic Journey: Jonny Nicol, CEO of Stratajet (Part 1)
Jonny is a pilot. He literally flew around to build Stratajet through many storms. Read his fascinating story! Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Jonny Nicol: I was born in England near London. I went
