Means of Creation #13: Dan Teran
We have a very special guest on Means of Creation this week: Dan Teran, founder & former CEO of Managed by Q!
Managed by Q is an office management platform founded in 2014, which provided all sorts of services to corporations, including IT support, supply inventory management, cleaning and equipment repair. In 2019, Managed by Q was acquired by WeWork for $220 million.
Interestingly, Dan built Managed by Q by operating with the “Good Jobs” framework, which flies in the face of most gig economy companies' ethos. The strategy was popularized by Zeynep Ton and is quite simple: treat and pay your employees well, and it will end up costing less than if you paid them less. This leads to higher profits, and all stakeholders (managers, employees, investors, customers) will be better off because of it.
In this interview, we are going to talk to Dan about:
The intersection of the passion economy and The Good Jobs Strategy
What the Good Jobs strategy is and if it’s viable for companies today
How Dan used the Good Jobs strategy at Managed by Q and what he learned from it
Dan’s take on worker Prop 22 and AB-5, following up from his recent piece on the topic
How he thinks how worker classification will change in the future
And more!