Managed by Q
|Founder||Saman Rahmanian, Dan Teran|
Number of employees
Managed by Q was an office management platform company based in New York City. The company was founded in 2014 by Saman Rahmanian and Dan Teran as a management platform including vendors for cleaning and maintenance services. In 2017 the company launched their marketplace which expanded their services to include IT support, inventory management, administrative staffing, and security.
On March 3, 2020, Eden bought the New York City-based Managed by Q from WeWork for $25 million.
Managed by Q launched out of beta in New York City in 2015, expanding to Chicago. Later in 2015, the company raised $15 million in Series A funding and expanded to San Francisco. The round was led by RRE Ventures; other investors included entrepreneurs Gary Vaynerchuk and Fabrice Grinda, American actress Jessica Alba, and former NBA commissioner David Stern.
In 2016, the company raised $25 million in funding. Investors included Google Ventures (GV) and Kapor Capital. Following another fundraising round that increased to $30 million, M. G. Siegler of GV joined Managed by Q's board. Later in 2016, the company partnered with office supply retailer Staples Inc. Also that year, the company expanded to Chicago, San Francisco, and Los Angeles.
In 2016, Managed by Q announced its "Operator Stock Option Program", which, in addition to previously provided benefits such as 401(k) funds and health insurance, would provide stock option grants to field staff. U.S. Labor Secretary Tom Perez attended the announcement and commended the company.
MIT Sloan conducted a case study in 2016 on Managed by Q's growth strategies. The study identified growth strategies employed by the company that were comparable to elements in "The Good Jobs Strategy", a book written by MIT Adjunct Associate Professor Zeynep Ton. The book's thesis argues that "when a company deploys its workforce in smart ways, its workers can be a driver of profit rather than a driver of cost."
In 2017, Managed by Q launched a marketplace platform accessible by customers and workers which expanded their services to include IT support, inventory management, administrative staffing, and security, along with standard cleaning and maintenance. Later in 2017, Managed by Q acquired the task management software provider Hivy, an eFounders startup.
In April 2019, Managed by Q announced they accepted an offer to be acquired by WeWork.
In March 2020, Managed by Q was acquired by Eden.
- "Managed by Q ends 2018 with a fresh $25 million in funding". Tech Crunch.
- "Managed by Q's "good jobs strategy" is paying off for workers—and the company". QZ.
- "Managed by Q Launches Self-Serve Marketplace To Ramp Up Growth". Fortune.
- Benner, Katie (April 2016). "Managed by Q, an On-Demand Start-Up, Raises $25 Million". New York Times.
- "Managed by Q's Staff Hit With Another Round of Layoffs". Commercial Observer. 2020-04-10. Retrieved 2020-12-28.
- "Managed By Q Launches Out Of Beta In NY, Expands To Chicago". Tech Crunch.
- "Managed By Q Sweeps Up $15M Led By RRE Ventures, Expands To San Francisco". Tech Crunch.
- "Managed By Q lands $30 million in Series C funding". Tech Crunch.
- "Managed By Q inks deal with Staples". Tech Crunch.
- "Managed by Q brings its 'smart' office management service to Los Angeles". Venture Beat. 13 January 2016.
- "Cleaners and handymen get equity at startup Managed by Q". CNN. 18 March 2016.
- "Managed By Q Gives 5% Of Company To Its Cleaners". Fast Company. 18 March 2016.
- "New case study examines good jobs and growth at Managed by Q". MIT Sloan.
- "Managed By Q, the office management system, acquires Hivy". Tech Crunch.
- Guerrier, Philippe (2017-09-26). "Gestion de vie de bureau : Hivy passe sous pavillon américain via Managed by Q". ITespresso.fr (in French). Retrieved 2020-10-30.
- "Tech roundup: Managed by Q launches in Boston, Agero acquires Swoop and more". Built In Boston.
- "Managed By Q acquires NVS to offer space planning and project management". Tech Crunch.
- "Google Ventures, RRE raise additional capital for Managed By Q". New York Business Journal.
- "Managed by Q and WeWork: Changing the Way the World Works". blog.managedbyq.com. Archived from the original on 2019-04-03.
- "Confirmed: Managed by Q sells to rival Eden for what sources say is just 11% of what WeWork paid for it last year". TechCrunch. Retrieved 2020-11-16.