For a tech startup I worked at, the CTO liked the name Zude. It rhymed with dude. I liked the name Mashpan. It sounded like a home brew device, was a cousin of Mashup and the word Pan stood for “all, complete, total.” (Our product was a web authoring tool used to build websites without code. It was a drag and drop play.) My point? A name should that convey information.
This week I attended a meeting of startups working on their financial pitches as part of Elevate, a Venture Asheville program. Two of the very cool startups have names that make my point. One company is named East Perry, the other Larry. The former sells ethically sourced sheep-skinned home décor while the latter sells a refrigeration device. I can’t go into too much detail on the latter (and changed its masculine name) as the product is proprietary but suffice it to say, Larry doesn’t convey dittly. And though East Perry sounds like a nice street name or address, it too, is not particularly pregnant with meaning.
Naming takes time, energy and forethought. Words are important. In the way they sound. Their harmony. Their poetry (East Perry ticks that box.) But most importantly, what a brand name conveys informationally is mission one.
Get your name right and the first step of branding is complete.