Langley Steinert
{{Short description|American entrepreneur and business executive, founder of CarGurus and Tripadvisor}}
{{Use American English|date=January 2022}}
{{Use mdy dates|date=January 2022}}
{{Infobox person
| name = Langley Steinert
| image = Langley Steinert in 2005.jpg
| caption = Steinert at Harvard University, 2005
| birth_date = {{Birth year and age|1963}}
| birth_place = Concord, United States
| occupation = {{hlist|Entrepreneur}}
| education = {{unbulleted list|Tuck School of Business (MBA)|Georgetown University (BA)}}
| title = {{Unbulleted list|Founder and former Chairman of Tripadvisor|Founder and Chairman of CarGurus|Founder and Chairman of ApartmentAdvisor{{cite web |title=About |url=https://www.apartmentadvisor.com/about |website=apartmentadvisor.com |access-date=7 January 2022}}{{cite news |last1=Kirsner |first1=Scott |title=The entrepreneur behind TripAdvisor and CarGurus wants to change apartment hunting |url=https://www.bostonglobe.com/2021/11/04/business/entrepreneur-behind-tripadvisor-cargurus-wants-change-apartment-hunting/ |access-date=7 January 2022 |agency=Boston Globe Media Partners |publisher=The Boston Globe |date=4 November 2021}}}}
| years_active = 2000-present
}}
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 along with Stephen Kaufer.{{cite news |first=Jeffrey |last=Bussgang |author-link=Jeff Bussgang |title=The Secrets to TripAdvisor's Impressive Scale |url=https://hbr.org/2012/10/the-secrets-to-tripadvisors-im |access-date=7 January 2022 |agency=Harvard Business Publishing |publisher=Harvard Business Review |date=2 October 2012}}
Steinert has been estimated to have a Net worth of US$522 million as of 2021.{{cite web |title=Langley Steinert Net Worth |url=https://wallmine.com/people/50170/langley-steinert |website=wallmine.com |access-date=7 January 2022}}
Education
Steinert attended Georgetown University from 1981 until 1985, finishing with a Bachelor's degree in Economics. From 1989 until 1991 he attended Tuck School of Business earning his Master of Business Administration.{{cite web |title=LANGLEY STEINERT |url=https://www.tuck.dartmouth.edu/mba/alumni-stories/langley-steinert |website=Tuck School of Business |access-date=7 January 2022}}
Business career
= Early career =
After graduating from business school, Steinert spent three years from 1991 until 1994 as a product manager at the now defunct Lotus Software. After his stay at Lotus, he later spent three years at Papyrus and then spent another two years at Viaweb, joining as the fifth employee of the company. Steinert then became a partner at the venture capital company Flagship Pioneering (then Flagship Ventures), where he then met Stephen Kaufer, who he would later co-found Tripadvisor with.
= Tripadvisor =
{{Main|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 reviews for places such as Hotels, Museums and Restaurants, in February 2000.{{cite news |last1=Saporito |first1=Bill |title=Why This CEO Took His $3.5 Billion Company Public: 'You Have to Give Employees Equity' |url=https://www.inc.com/magazine/201808/bill-saporito/cargurus-tripadvisor-langley-steinert.html |access-date=7 January 2022 |agency=Mansueto Ventures |publisher=Inc. |date=August 2018}} 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.{{cite news |last1=Massy |first1=Kevin |title=Web gurus launch CarGurus.com |url=http://news.cnet.com/8301-17938_105-9681055-1.html |access-date=7 January 2022 |agency=Red Ventures |publisher=CNET |date=25 January 2007 |archive-url=https://web.archive.org/web/20100810113210/http://news.cnet.com/8301-17938_105-9681055-1.html |archive-date=10 August 2010}}
= CarGurus =
{{Main|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.{{cite news |last1=Kirsner |first1=Scott |title=Auto shopping site CarGurus grows into new Cambridge office space; approaches $40 million in revenues |url=http://archive.boston.com/business/technology/innoeco/2013/01/auto_shopping_site_cargurus_gr.html |access-date=7 January 2022 |agency=The Boston Globe |publisher=Boston.com |date=16 January 2013}} Steinert served as CEO of the company until 2021, when he stepped down, replacing him with Jason Trevisan.{{cite news |title=CarGurus names new CEO; Steinert to be executive chairman |url=https://www.autoremarketing.com/technology/cargurus-names-new-ceo-steinert-be-executive-chairman |access-date=7 January 2022 |agency=Cherokee Media Group |publisher=Auto Remarketing |date=21 January 2021}}
= ApartmentAdvisor =
{{Main|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.