Langley Steinert (born 1963) is an American entrepreneur and business executive. He is most notable for being a founder of

CarGurus CarGurus is a Cambridge, Massachusetts-based automotive research and shopping website that assists users in comparing local listings for used and new cars, and contacting sellers. History CarGurus was founded in 2006 by Langley Steinert, a co ...

and being a co-founder Tripadvisor along with

Stephen Kaufer Stephen Kaufer (Steve Kaufer; born in 1962 or 1963 in Hollywood, California) was the founder and CEO of TripAdvisor. Kaufer launched TripAdvisor in 2000 with Langley Steinert, and was the company's president and chief executive officer from the ...

. Steinert has been estimated to have a

Net worth Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Since financial assets minus outstanding liabilities equal net financial assets, net ...

of US$522 million as of 2021.

Education

Steinert attended

Georgetown University Georgetown University is a private university, private research university in the Georgetown (Washington, D.C.), Georgetown neighborhood of Washington, D.C. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789 as Georg ...

from 1981 until 1985, finishing with a

Bachelor's degree A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six ...

Economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

. From 1989 until 1991 he attended

Tuck School of Business The Tuck School of Business (also known as Tuck, and formally known as the Amos Tuck School of Administration and Finance) is the graduate business school of Dartmouth College, a private research university in Hanover, New Hampshire. Founded in ...

earning his

Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

Business career

Early career

After graduating from business school, Steinert spent three years from 1991 until 1994 as a

product manager A product manager (PM) is a professional role that is responsible for the development of products for an organization, known as the practice of product management. Product managers own the product strategy behind a product (physical or digital), ...

at the now defunct

Lotus Software Lotus Software (called Lotus Development Corporation before its acquisition by IBM) was an American software company based in Massachusetts; it was "offloaded" to India's HCL Technologies in 2018. Lotus is most commonly known for the Lotus 1-2- ...

. After his stay at Lotus, he later spent three years at

Papyrus Papyrus ( ) is a material similar to thick paper that was used in ancient times as a writing surface. It was made from the pith of the papyrus plant, '' Cyperus papyrus'', a wetland sedge. ''Papyrus'' (plural: ''papyri'') can also refer to a ...

and then spent another two years at

Viaweb Viaweb was a web-based application that allowed users to build and host their own online stores with little technical expertise using a web browser. The company was started in July 1995 by Paul Graham, Robert Morris (using the pseudonym "John M ...

, joining as the fifth employee of the company. Steinert then became a partner at the

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

company

Flagship Pioneering Flagship Pioneering is an American life sciences venture capital company based in Cambridge, Massachusetts that invests in biotechnology, life sciences, health and sustainability companies. Portfolio companies include Moderna, Indigo Agriculture ...

(then Flagship Ventures), where he then met

, who he would later co-found Tripadvisor with.

Tripadvisor

Steinert along with Kaufer, raised US$4.5 million from family and friends to later found their company Tripadvisor, a company that utilizes

user-generated User-generated content (UGC), alternatively known as user-created content (UCC), is any form of content, such as images, videos, text, testimonials, and audio, that has been posted by users on online platforms such as social media, discussion f ...

reviews for places such as Hotels, Museums and Restaurants, in February 2000. In an interview with Inc., Steinert stated that "this became bigger than I'd envisioned" when asked about his success at Tripadvisor. He later stepped down as Chairman of the company in February 2006 to found his new company

CarGurus

Steinert founded the company

, a company that assists users in comparing local listings for used and new cars, and contacting sellers, in January 2006. Steinert served as

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

of the company until 2021, when he stepped down, replacing him with Jason Trevisan.

ApartmentAdvisor

Along with Josh Arnold and Oliver Chrzan, he founded the company ApartmentAdvisor, which is based on finding "apartments that offer the best value for the money", in 2021.

References

Business executives Businesspeople from Massachusetts Tuck School of Business alumni Georgetown College (Georgetown University) alumni Living people 1965 births {{DEFAULTSORT:Steinert, Langley