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Poll: Does the name of a startup matter?

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11–20 of 55 posts

Re: Poll: Does the name of a startup matter?

#12
The best metaphor for this might be aerodynamic drag. A bad name can slow you down. You'll prevail eventually if you're good enough, but slower than you would have done with a good name. Whereas a good name won't get you anywhere without a good product, just as a plane with a low drag coefficient won't go anywhere without powerful engines.

Re: Poll: Does the name of a startup matter?

#14
Freakonomics has an interesting series of articles about names. Maybe you should take a look.

I think it matters but in a very complex way, thus you can't be sure about your choice until in a very late stage. But if you reach this stage, it means that you already have made many things correctly, so a rebranding is within your options.

Re: Poll: Does the name of a startup matter?

#19
post #12

The best metaphor for this might be aerodynamic drag. A bad name can slow you down. You'll prevail eventually if you're good enough, but slower than you would have done with a good name. Whereas a good name won't get you anywhere without a good product, just as a plane with a low drag coefficient won't go anywhere without powerful engines.

Perhaps it depends more on the type of company though. If your company name is your product, then the name probably matters a lot more.

If your company makes several products (e.g. games), I think the names of your products matter far more than your company name does.

Re: Poll: Does the name of a startup matter?

#20
It would be naive to say the name doesn't matter at all; it's possible to imagine names that would be bad choices.

In the tech industry if you're planning to differentiate your product on its output: Come up with a few possible names, searched for them online, try them out on a few friends, check them with your team, and you've done about as much as Google did. You probably don't need to get million-dollar consultants to 'design your corporate identity', much though consultants would like you to believe you do.

On the other hand if you're entering a crowded market (energy drinks, for example) and your main product differentiator will be branding, getting the branding right is going to need a bigger investment. This may also be the case if your tech startup is entering a crowded market and differentiating with branding.

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