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Convene struggles… Not easy competing with WeWork

Co-founder Chris Kelly takes the fall as Convene needs reboot

Convene Founders: Chris Kelly and Ryan Simonetti (Credit: Bloomberg)

Co-working startup Convene admits failure in developing workplace app… The goal was to sell an app to office landlords, which sought to help centralize communication and building services (e.g. keyless entry and food orders). 

Co-founder takes the fall: Chris Kelly’s leadership role has been diminished and the firm is looking to hire a new President, according to TRD.

Big money comes with big expectations: The WeWork rival raised $152 million in a Series D last year valuing the startup at more than $500 million. Notable real estate investors include RXR, Brookfield, Durst, and QuadReal.

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