Managed by Q
{{Infobox company
| name = Managed by Q
| industry = {{ubl|Office management}}
| founded = 2014
| parent = Eden
| location_city = New York City, New York
| location_country = United States
| founder = Saman Rahmanian, Dan Teran
| num_employees = 100 (2020)
| homepage = https://www.managedbyq.com/|
}}
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.{{cite web|url=https://techcrunch.com/2019/01/08/managed-by-q-ends-2018-with-a-fresh-25-million-in-funding/|title=Managed by Q ends 2018 with a fresh $25 million in funding|website=Tech Crunch}}{{cite web|url=https://qz.com/1112199/managed-by-q-services-jobs-profitable/|title=Managed by Q's "good jobs strategy" is paying off for workers—and the company|website=QZ}} In 2017 the company launched their marketplace which expanded their services to include IT support, inventory management, administrative staffing, and security.{{cite web|url=http://fortune.com/2017/06/20/managed-by-q-marketplace/|title=Managed by Q Launches Self-Serve Marketplace To Ramp Up Growth|website=Fortune}}
Managed by Q was operating as an independently run business as part of shared workspace provider WeWork, and has offices in New York City, Chicago, San Francisco, Los Angeles, and Boston.{{cite news|url=https://www.nytimes.com/2016/04/04/technology/managed-by-q-anon-demand-start-up-raises-25-million.html|title=Managed by Q, an On-Demand Start-Up, Raises $25 Million|website=New York Times|date=April 2016|last1=Benner|first1=Katie}}
On March 3, 2020, Eden bought the New York City-based Managed by Q from WeWork for $25 million.{{Cite web|date=2020-04-10|title=Managed by Q's Staff Hit With Another Round of Layoffs|url=https://commercialobserver.com/2020/04/managed-by-qs-staff-hit-with-another-round-of-layoffs-due-to-coronavirus/|access-date=2020-12-28|website=Commercial Observer|language=en-US}}
History
Managed by Q launched out of beta in New York City in 2015, expanding to Chicago.{{cite web|url=https://techcrunch.com/2015/04/16/managed-by-q-launches-out-of-beta-in-ny-expands-to-chicago/|title=Managed By Q Launches Out Of Beta In NY, Expands To Chicago|website=Tech Crunch}} Later in 2015, the company raised $15 million in Series A funding and expanded to San Francisco.{{cite web|url=https://techcrunch.com/2015/06/18/managed-by-q-sweeps-up-15m-led-by-rre-ventures-expands-to-san-francisco/|title=Managed By Q Sweeps Up $15M Led By RRE Ventures, Expands To San Francisco|website=Tech Crunch}} 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.{{cite web|url=https://techcrunch.com/2016/12/16/managed-by-q-lands-30-million-in-series-c-funding/|title=Managed By Q lands $30 million in Series C funding|website=Tech Crunch}}
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.{{cite web|url=https://techcrunch.com/2016/11/17/managed-by-q-inks-exclusive-deal-with-staples/?_ga=2.232671135.14808923.1552505466-622293567.1552505466|title=Managed By Q inks deal with Staples|website=Tech Crunch}} Also that year, the company expanded to Chicago, San Francisco, and Los Angeles.{{cite web|url=https://venturebeat.com/2016/01/13/managed-by-q-brings-its-smart-office-management-service-to-los-angeles/|title=Managed by Q brings its 'smart' office management service to Los Angeles|website=Venture Beat|date=13 January 2016}}
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.{{cite web|url=https://money.cnn.com/2016/03/18/technology/managed-by-q-equity-thomas-perez/|title=Cleaners and handymen get equity at startup Managed by Q|website=CNN|date=18 March 2016}} U.S. Labor Secretary Tom Perez attended the announcement and commended the company.{{cite web|url=https://www.fastcompany.com/3058057/managed-by-q-gives-5-of-company-to-its-cleaners|title=Managed By Q Gives 5% Of Company To Its Cleaners|website=Fast Company|date=18 March 2016}}
MIT Sloan conducted a case study in 2016 on Managed by Q's growth strategies.{{cite web|url=https://mitsloan.mit.edu/ideas-made-to-matter/new-case-study-examines-good-jobs-and-growth-managed-q|title=New case study examines good jobs and growth at Managed by Q|website=MIT Sloan}} 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.{{cite web|url=https://techcrunch.com/2017/09/26/managed-by-q-the-office-management-system-acquires-hivy/|title=Managed By Q, the office management system, acquires Hivy|website=Tech Crunch}}{{Cite web|last=Guerrier|first=Philippe|date=2017-09-26|title=Gestion de vie de bureau : Hivy passe sous pavillon américain via Managed by Q|url=https://www.itespresso.fr/gestion-vie-bureau-hivy-managed-by-q-171914.html|access-date=2020-10-30|website=ITespresso.fr|language=fr-FR}}
In 2018, Managed by Q launched in Boston.{{cite web|url=https://www.builtinboston.com/2018/01/011/boston-tech-roundup-011118|title=Tech roundup: Managed by Q launches in Boston, Agero acquires Swoop and more|website=Built In Boston}} Later that year the company acquired NVS, an office space planning and management service.{{cite web|url=https://techcrunch.com/2018/06/13/managed-by-q-acquires-nvs-to-offer-space-planning-and-project-management/|title=Managed By Q acquires NVS to offer space planning and project management|website=Tech Crunch}}
In January 2019, Managed by Q announced they had raised an additional $55 million as part of their Series C funding round.{{cite web|url=https://www.bizjournals.com/newyork/news/2019/01/09/google-ventures-rre-raise-additional-capital-for.html|title=Google Ventures, RRE raise additional capital for Managed By Q|website=New York Business Journal}} Investors included GV once again as well as RRE.
In April 2019, Managed by Q announced they accepted an offer to be acquired by WeWork.{{cite web |url=https://blog.managedbyq.com/managed-by-q-and-wework-changing-the-way-the-world-works |title=Managed by Q and WeWork: Changing the Way the World Works |website=blog.managedbyq.com |url-status=dead |archive-url=https://web.archive.org/web/20190403163118/https://blog.managedbyq.com/managed-by-q-and-wework-changing-the-way-the-world-works |archive-date=2019-04-03}}
In March 2020, Managed by Q was acquired by Eden.{{Cite web|title=Confirmed: Managed by Q sells to rival Eden for what sources say is just 11% of what WeWork paid for it last year|url=https://techcrunch.com/2020/03/03/confirmed-managed-by-q-sells-to-rival-eden-for-just-11-of-what-wework-paid-for-it-last-year/|access-date=2020-11-16|website=TechCrunch|language=en-US}}