Before naming your startup, read this.
thenextweb.com
thenextweb.com
Pop quiz: rate the expected success of each of the following businesses based only on their name:
Ford
Reebok
Nike
Apple
Chevy
Applebee's
Jack In The Box
Google
MicroSoft
WalMart
Lowe's (which, by the way, competes successfully with The Home Depot...)
and finally, my personal favorite: Pets.com
A "good" name only does one thing: it gives you a very brief head start. It might make it easier for people who aren't really interested in your business to talk about you. How far do you think that will carry you? How far can you get if you avoid the name tarpit entirely, and just concentrate on your brand, your product, or your service?It really isn't that important.
"Computer scientist Alan Kay also plays Stan's father on South Park."
Really? Cause I have no idea what Like.fm does. Chart.io? It's a place to input/output charts or something?
This post is pure pseudoscience.
Does anyone have a story of a project or business that was greatly helped or greatly hurt by their name, in quantifiable terms? Let's exclude obviously terrible names like "wyslja.com", or businesses where the whole point is SEO, like "sex.com".
I want to hear stories we can use as experimental data, like, "we used to be called GetHobbyHorse.com, and our sales went up by 30% once we bought HobbyHorse.com." Or, a name change that had zero effect, or even made things worse.
EDIT: I made a Google Docs Poll: https://docs.google.com/spreadsheet/viewform?formkey=dGF2bkV...
- Mint's name definitely helped them, and Wesabe's name definitely hurt them. In short, Mint's name is simple and straightforward, which helped users trust them with financial information. Wesabe's was neither. http://nomvilla.com/blog/how-mint-beat-wesabe/
- Under Armour's founder thinks that the name helped win over athletes (getting big tough guys to wear leotard-lookalikes) http://nomvilla.com/blog/how-under-armours-name-won-over-ear...
- FeeFighters' business increased 25x after they changed their name from Transparent Financial Services http://nomvilla.com/blog/feefighters-new-name/
UnderArmour is product naming, not domain naming.
I will grant you that this FeeFighters thing seems like a clear case of a domain name helping the product, although you are committing the post-hoc fallacy. The quote is saying "during this calendar year, we changed our name, and we grew our business 25x" not "we changed our name and as a direct result our business grew 25x".
EDIT: I know that effects are hard to disentangle, but that doesn't mean you are allowed to make anything up about causation.
2. UnderArmour: ok, but we're talking about naming in general here. The brand positioning of your company matters no matter what market you're in. A social network targeting seniors isn't going anywhere if it's named "L33tHacke.rs".
3. Correlation doesn't equal causation, etc. etc. but you're probably never going to get an isolated experiment involving a name. The market is too complex and the early stages of a company are too hectic to isolate any one cause for success. If it were that easy we'd have discovered the secret to success by now.
In short: they had issues with their name; they changed their name; a lot of good things happened. Take that as you will.
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EDIT: the article is actually titled: "How a new name HELPED grow FeeFighers' business 25x". So my comment is the only thing in error. From the article:
Problems with the name:
We kept talking to customers on the phone, or in email, and they would say things like “How do you spell your name again? What’s your domain name?” Or, “I mentioned you to one of my friends.” We’re like, “Well, why didn’t they ever come back? We never actually heard from your friend.” It turned out that they had forgotten our name, because it wasn’t memorable enough.
After the name change:
Since we’ve changed the name [from TransFS to FeeFighters], we’ve raised a million and a half of additional capital. We have added five people to the team. We’ve grown our customer base 25X. And we’re growing like 30 percent over month to month. So it’s been a really, really good year.
http://techcrunch.com/2011/11/08/founder-stories-livestreams...
Certainly passes the smell test for me. Mogulus = huh? Livestream = Oh, I get what they do and remember enough to come back.
I didn't see anything here backed up with any hard data.
Edit: AND it keeps reloading itself every couple minutes. Who designs this?
I absolutely believe in passing the telephone test: a receptionist (not expert in your field) should be able to transcribe your name accurately over a low quality cellphone call. Using technical terms (e.g. git) complicates this, especially if they're longer, and rules out homonyms, frequently confused sounds, etc.
I'd rather have a mid-length two word name, or a long single word, than an ambiguous short single word.
And, obviously, the .com/.net/.org for that domain, and ideally for all related spellings, hyphenations (between words), etc. I hate the abuse of country code ccTLDs for company names.
"getXXXXX.com" is acceptable for a mobile-only app's domain.
I concur.
For example, if I see a site named "somethingly.com", I immediately associate it with a whole bunch of negative connotations, including unoriginality, lack of substance in the product/service that would lead to a more meaningful name, and a high probability of being run by 21-year-olds who are more interested in landing a good funding round or two and then getting bought out by Google before anyone notices their service isn't very good than they are in providing any real value to their customers. Needless to say, such a name is not going to win me over as a customer...
The 22+ yo who have graduated college and need to find something to do, or those who have worked for one startup and now want to do something (but don't now what), seem a lot more likely to do a "fund me!" perfunctory startup.
I don't think it's really that related to age, though.
MarketHear.com: bad because it fails the "bar exam"
CardPool.com: how does this pass the "bar exam" again?
Xort.com: bad - you settled on some domain because it's short and easy to pronounce
Etsy.com: good because it's short
This is a serious question, I'm not an native English speaker and there are many pronunciations of X in English (Like "h" as in "LaTeX", like "ks" as in "extreme", like "z" as in "Xavier", maybe there are more...)
(But yeah, it's not obvious to me whether "xort" should be pronounced "zort" or "ksort".)
If I heard "Xort.com" without seeing it, I would try to type it as "Zort.com" and probably wouldn't be able to come up with Xort.com on my own. That's also why I hate the Web2.0 trend of dropping vowels. It incurs too much work on my side to reach the website, which is a bad thing.
Whenever I was involved in naming libraries/websites/products it was usually the "A-HA!" moment one of the involved people had at any random point in process of coming up with a name.
Any time I've settled for a name that I didn't really like (usually out of lazyness), I end up feeling like something is missing from the project. A little bit of the love I had for it is lost.
That's why I'm building http://domiy.com , a tool which helps teams of people brainstorm name ideas. I believe that the best names arise when a number of people are trying to come up with a name over an extended period of time. You have to give the "A-HA" moments time to occur.
It comes down to money. If you can afford $10K right at th start, awesome. If you have $10, there are only better options among bad.
Tipjoy.com was less than $10 :)
It literally looks like random letters. It's unpronounceable and hard to memorize.
They have a pseudo-explanation of the name at the bottom of their landing page. But I don't buy it. It reads more like an excuse.
But I ended up trying their product because I liked their video.
So I think the lesson is: If you put enough work into your product, you can overcome a poor name.
My go to example for this is Google, the largest site in the world. It's a) a joke name b) that almost no-one knows c) and if you know it, it's misspelled! But because it's was head and shoulders above its competitors that garbage name is now part of the vernacular ( http://www.merriam-webster.com/dictionary/google ).
Other pretty bad names (that we all accept as "good" now): Wikipedia (the hell's a wiki in 2001?), Twitter (what part of that conveys online SMS, or micro-blogging?), Flickr (no e, at least it's not .ly).
I think it's worth looking around for good names, but it's cut-throat out there in .com land, and if you're ever spending more time thinking up names than improving your product you're doing it wrong.
This is all completely ignoring the "search to find" user behavior that is (by my measurements anyway) really really common, even in pretty technical audiences.
I can tell you that our weird name has had exactly zero impact on our success to date. If anything the weirdness has had the side benefit of making our name more memorable than the myriad of startups with generic but more literal names.
[1] http://blog.zachwaugh.com/post/9666969587/how-i-name-my-apps
I remember Amazon.com being condemned for having a weird and confusing name. Ultimately, those detractors were wrong or the name didn't matter that much. The truth is that a company's name, like nearly every factor, demonstrates a weak correlation with success.
But tech bloggers love to draw lines between the dots and claim they've painted a pretty picture.
Read the comments of this TC article to gather how impactful the name is: http://techcrunch.com/2011/11/11/nyoombl-debuts-social-video...
Don't we all sell liquid commodities at 25% of market value? You know, because we like our customers and we don't like money? Can you feel the credibility chasm expand with that statement?
Much of this article is a reasonable point of view, but statements like this are a sure way to put my purchase clicker on the defensive.