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

Tripadvisor Tripadvisor is an American company that operates online travel agency, travel agencies, comparison shopping websites, and mobile apps with user-generated content. Its namesake brand, Tripadvisor.com, operates in 40 countries and 20 languages, and ...

along with

Stephen Kaufer Stephen Kaufer (born September 7, 1962) is an American businessman who founded travel services company TripAdvisor. Kaufer launched TripAdvisor in 2000 with Langley Steinert, and was the company's president and chief executive officer from then un ...

. 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. Financial assets minus outstanding liabilities equal net financial assets, so net w ...

of US$522 million as of 2021.

Education

Steinert attended

Georgetown University Georgetown University is a private university, private Jesuit research university in Washington, D.C., United States. Founded by Bishop John Carroll (archbishop of Baltimore), John Carroll in 1789, it is the oldest Catholic higher education, Ca ...

from 1981 until 1985, finishing with a

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

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

. From 1989 until 1991 he attended

Tuck School of Business The Amos Tuck School of Business Administration at Dartmouth College is the graduate business school of Dartmouth College, a private Ivy League research university in Hanover, New Hampshire. It was founded in 1900 as the first institution in th ...

earning his

Master of Business Administration A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular ...

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 sold to India's HCL Technologies in 2018. Lotus is most commonly known for the Lotus 1-2-3 sprea ...

. 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'' or ''papyruses'') can a ...

and then spent another two years at

Viaweb Viaweb was a web application, web-based application that allowed users to build and web hosting, host their own online stores with little technical expertise using a web browser. The company was started in July 1995 by Paul Graham (computer progr ...

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

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

company Flagship Pioneering (then Flagship Ventures), where he then met

, who he would later co-found

with.

Tripadvisor

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

, a company that utilizes

user-generated User-generated content (UGC), alternatively known as user-created content (UCC), emerged from the rise of web services which allow a system's users to create content, such as images, videos, audio, text, testimonials, and software (e.g. video ...

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.

CarGurus

Steinert founded the company CarGurus, 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 chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

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 University College of Arts & Sciences alumni Living people 1965 births {{DEFAULTSORT:Steinert, Langley