How 16 Great Companies Picked Their Unique Names

How 16 Great Companies Picked Their Unique Names

Jul 08, 2010 -

Anyone who's ever had to form a company can sympathize with how difficult it can be to create a company name that is descriptive yet unique.

However, some companies have gone a less-traditional route and used some pretty unique naming conventions.

Here are some examples of interesting company names and the backstories behind them.

 

1. Google

 

The name started as a joke about the amount of information the search engine could search, or a "Googol" of information. (A googol is the number 1 followed by 100 zeros.) When founders Larry Page and Sergey Brin gave a presentation to an angel investor, they received a check made out to "Google."

 

2. Hotmail

 

Sabeer Bhatia and Jack Smith had the idea of checking their email via a web interface, and tried to find a name that ended in "mail." They finally settled on hotmail because it had the letters "html," referencing the HTML programming language used to help create the product.

 

3. Volkswagen

 

Volkswagen literally means "people's car." Adolf Hitler initially came up with the idea for "cars for the masses," which would be a state-sponsored "Volkswagen" program. Hitler wanted to create a more affordable car that was able to transport two adults and three children at speeds of 62 mph. He choose the car manufacturer Porsche to carry out the project, and the rest, as they say, is history.

 

4. Yahoo

 

The word "yahoo" was coined by Jonathan Swift in the the book Gulliver's Travels. The term represented a repulsive, filthy creatures that resembled humans (think: Neanderthal). Yahoo! founders Jerry Yang and David Filo considered themselves yahoos, and thought the term would be appropriate for their joint venture.

 

5. Asus

 

The consumer electronic company is named after Pegasus, the winged horse of Greek mythology. The founders dropped the first three letters for the high position in alphabetical listings. In 1998 Asus created a spinoff company named Pegatron, using the other unused letters of Pegasus.

 

6. Cisco

 

Contrary to popular belief and theories, Cisco is simply short for San Francisco. Their logo resembles the suspension cables found on the Golden Gate bridge.

 

7. Canon

 

When Canon was founded in 1933 under the name Precision Optical Instruments Laboratory. Two years later they adopted "Canon" after the company's first camera, the Kwanon. Kwanon is the Japanese name of the Buddhist bodhisattva of mercy.

 

8. Coca-Cola

 

Coca-Cola's name comes from the the coca leaves and kola nuts used as flavoring in the soft drink. Eventually Coca-Cola creator John S. Pemberton changed the 'K' of kola to 'C' to create a more fluid name.

 

9. FranklinCovey

 

The planning product line was named after Benjamin Franklin and Stephen Covey. The company was formed in 1997 from the combining of the two companies FranklinQuest and the Covey Leadership Center.

 

10. IKEA

 

IKEA is simply a random collection of letters, based from the first letters of founder Ingvar Kamprad's name in addition to the first letters of the names of the Swedish property and the village in which he grew up: Ingvar Kamprad Elmtaryd Agunnaryd.

 

11. Lego

 

Lego is a combination of the Danish phrase "leg godt," which translates to "play well." Initially the company built wooden toys, and later switched to making plastic bricks. Lego also means "I put together" in Latin, but the Lego Group claims this merely coincidence and the origin of the word is strictly Danish.

 

12. Reebok

 

Reebok is simply an alternate spelling of "rhebok," an African antelope. The company founders found the word in a South African edition of a dictionary won by the Joe Foster, son of the Reebok founder J.W. Foster.

 

13. Sharp

 

The Japanese consumer electronics company is named after its first product, an ever-sharp pencil that was created in 1915.

 

14. Six Apart

 

Six Apart's name has one of the most interesting origins. The web company's co-founders Ben and Mena Trott were born six days apart.

 

15. Skype

 

The original prototype of the company's flagship product had the name "Sky-Peer-to-Peer," which was shrunk down to Skyper, then finally Skype.

 

16. Verizon

 

Verizon is a combination of the words veritas, which is Latin for "truth," and horizon.

 

Glen Stansberry is the co-founder of Howdy, a way for small business sites to improve site conversions. You can find more of Glen's business insights on Wise Bread, the leading personal finance community dedicated to helping people get the most out of their money.  

Tags: skype, coca-cola, wise bread, hotmail, verizon, volkswagen, yahoo, glen stansberry, ikea, google

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Article Comments (18)

  • Writer, Wise Bread

    (Jul 08, 2010)
    The way companies get named is always interesting. I actually went with a chess term when I named my company: obscure enough that I wouldn't have to fight for the name, but interesting enough to have some personal meaning.
  • Jeffrey Jones

    http://www.linkedin.com/in/jeffreej
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    Marketing Strategist and Advertising…

    (Jul 09, 2010)
    Gee, I thought yahoo was an acronym... yet another hierarchical etc., which escapes me now. And most I already was familiar with....

    But I agree with Thursday, tho' some of the above examples are somewhat less than inspiring... verizon?
  • (Jul 09, 2010)
    Great article. Naming can be tough. If you want find out more about how companies actually name themselves or their products, read my blog posting on the subject - http://bit.ly/cLLdhc. Today business owners have a variety of options for naming. You should, however, be aware of the pros and cons of each.
  • (Jul 09, 2010)
    Also, if you're interested in trying to name your product or business yourself, learn some tips and tricks through this presentation I've compiled for you: http://bit.ly/atFq1Y
  • Wagner dos Santos

    http://www.linkedin.com/in/wagnerxm
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    Partner/Strategy at Beloved

    (Jul 09, 2010)
    After months of crossing out names which were already taken from a list of hundreds, I started digging deeper into the heart of my company and who we wanted to be. As a marketing and advertising agency focused on connecting brands with consumers in through emotionally driven relationships, the name Beloved seemed very appropriate. We strive to establish a deep bond between brands and consumers. And after all, the deepest love is to be beloved