First off, I think it looks great.

I do feel strongly that the breaks in the magnifying glass could be more obviously a "c" and an "r". In particular, this configuration (credit to @kleinfreund) just intuitively "looks" like a C.

In addition, I feel the stem of the magnifying glass should be at least a little longer. Not only does it make it look much more like a glass than a "Q" but it also makes the "R" look much more like one.

status-bydesign Logo has been updated to slightly different version.

First off, I think it looks great.

I do feel strongly that the breaks in the magnifying glass could be more obviously a "c" and an "r". In particular, this configuration (credit to @kleinfreund) just intuitively "looks" like a C.

In addition, I feel the stem of the magnifying glass should be at least a little longer. Not only does it make it look much more like a glass than a "Q" but it also makes the "R" look much more like one.