Founders Institute Naming Talk June 2 2009 Slideshare Version

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I presented these slides at TheFunded Founder's Institute at Stanford on June 2, 2009. It distills my thinking and suggested approach on building and analyzing a brand and name for your company or product. Have to attribute much of the concrete thoughts to Igor International. Hope it helps you kick a**!

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Jay JamisonPresident, Moonshootjay@moonshoot.com

Naming

About Jay

Co-Founder & President

English learning for children everywhere

Venture-backed, pre-launch

About Jay (pre-start-up)

Employee # 17146 PC on every desk, in

every home Public, $60B in revenue

Why is naming important?

Experience & lessons learned

Specific advice & tips

Show & tell

Not in scope: domain-hunting

Names matter

It’s all the marketing you’ve got (for now)

It sets your position relative to competition

It’s EVERYWHERE you are

Experience & Lessons #1 -- Bad

Lessons

CUSTOMERS

Less is more

Have a decider

Pass the “Human” test

X

Experience & Lessons # 2 -- Good

Lessons

Learn about naming

Run through Igor process

Work fast, i.e., 3 hours

Pass the “Human” test

http://www.igorinternational.com/process/igor-naming-guide.pdf

Advice & Tips

4 Types of NamesName Types

Example Pros Cons

Functional

Betonline.comBetus.comSportsbook.com

Know what it is Not distinct

Invented

AgilentAquientOreoGoogle

Easy trademarkMemorable (or not)

Difficult to know what you’ve got

Experiential

NavigatorExplorerSafari

Make sense to consumer

Becomes common

Evocative Virgin (v. BA)Apple (v. IBM)

Strong for positioning Non-linear

Source: Igor International

Igor’s Process (Adapted)

1. Analyze company names from your

space

2. Establish your differentiation &

positioning

3. Brainstorm potential names

4. Assess potential names

5. Check GoDaddy.com for availability

Step 1 : Look at Company Names Types

Functional

Invented

Experiential

Evocative

K12.com Baby Einstein

Leap Frog

Cappela University

Head Sprout

Berlitz

Kumon

Step 2: Our Positioning Connected to a world beyond the

horizonGlobalFunForward-looking & ambitiousHumanConfidentAspirational Different

Step 3 : Brainstorm namesLeapfrog (reference)LearnNowCumlaudeGlobal EdgeMoonshootBoostSunrayCamoOrbitYokoButterflyeffect…

Write them all down

No matter how embarassing

9 factors for scoring names1. Appearance2. Distinctive3. Depth4. Energy5. Humanity6. Positioning7. Sound8. “33”9. Trademark

10 point scale for

each category

Source: Igor International

Step 4: Score names

NameLeapFrog 9 8 8 9 9 9 9 6 10 77Moonshoot 9 10 9 9 9 7 8 8 5 74Boost 9 8 6 9 7 6 10 7 5 67Sunray 8 8 7 8 8 7 7 7 5 65Camo 7 9 8 7 7 4 9 8 5 64Orbit 8 6 7 7 7 7 7 7 5 61Yoko 8 8 5 6 8 3 9 6 5 58CumLaude 7 7 7 7 7 6 6 5 5 57butterflyeffect 6 7 7 5 7 6 5 8 5 56Global Edge 6 7 7 6 6 9 5 5 5 56LearnNow 3 1 3 3 3 3 5 3 5 29

Source: Igor International

Thanks!

Email: jay@moonshoot.com

Twitter: jeremiahjamisonBlog: Leaving the Flock

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