Why we quit JPMorgan to start a jetpack business

Adventures in jetpacking  

In 2011, Dean O’Malley walked divided from a high-paying pursuit with no skeleton for a future, other than to shun a universe of finance.

His IT pursuit during JPMorgan Chase (JPM) had survived a financial crisis, yet he had no enterprise to hang around for a subsequent one. O’Malley had grown sleepy of a crazy hours, augmenting law and disastrous stigma.

“Banking was one of those industries where we were seen as a base of all evil. we felt like we wasn’t unequivocally doing any certain work,” a Southern California local told CNNMoney.

Just dual weeks after withdrawal his Vice President of Technology post, O’Malley ran into a crony who non-stop adult a really opposite career path.

Her family was rising a business formed on jetpacking, an emerging impassioned H2O competition that lets riders fly above a H2O James Bond-style.

Jetpack Dean O'Malley

Even yet he suspicion jetpacks looked crazy during first, O’Malley eventually concluded to run day-to-day operations and deposit in a new business, that launched in Newport Beach, California.

Three years later, O’Malley is amatory life as boss of Jetpack America, a business he’s led to $1 million in annual sum revenue. He’s creation usually a fragment of what he took home during JPMorgan, yet O’Malley pronounced he’s in it for a prolonged haul.

“Not a day goes by that we don’t appreciate myself for walking divided from a aged job,” said O’Malley, who is 38 years old. “My compensation is forever aloft and we have a passion for what we do.”

Jetpack America eventually stretched to San Diego and some-more recently Las Vegas. Now it’s looking to open anniversary spots in San Francisco, Seattle and Vancouver.

Jetpack impassioned sports Dean

Up-and-coming H2O sport: O’Malley describes jetpacks as a “perfect brew between jet skiing, parasailing and even scuba diving.” Riders are propelled by H2O that is sucked adult by a jet ski or a pod and afterwards shot to a jetpack by a hose.

Not usually can jetpack riders wizz 30 feet into a sky, yet they can dive underwater and afterwards fire behind to a surface.

This impassioned knowledge done a new pursuit lots of fun for O’Malley. Still, he faced a series of obstacles in a beginning.

After 14 years in a regulation-heavy banking industry, a jetpack business felt like a Wild West. He was in a assumed position of carrying to invent many of a processes and structures.

O’Malley and his staff also indispensable to figure out how to make riders feel gentle doing something unfamiliar and potentially dangerous. They combined an endless training video to uncover guest and opted to give riders helmets with earpieces that concede them to hear their instructors.

Water jetpack put to test 

Related: Jetpacks are real. And they’re awesome.

And afterwards there’s a plaque startle of perplexing to build a business around jetpacks that during one indicate cost $100,000 each.

Recently prices have plunged, yet O’Malley pronounced a business is still “not murdering it by any means.”

He was means to understanding with all of these hurdles in partial due to a business skills he honed over a decade in finance.

“I move a banking universe here,” O’Malley said.

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