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My First Million

This guy names billion dollar brands for a living, here’s his exact 3-step formula.

60 min episode · 3 min read
·
David Placek

Episode

60 min

Read time

3 min

Topics

Investing, Startups, Fundraising & VC

AI-Generated Summary

Key Takeaways

  • The Three-Part Naming Formula: Every effective name must do three things: capture attention, maintain processing fluency (the brain can parse it quickly while finding something familiar), and deliver surprise. The third element is where most founders fail — they default to descriptive, comfortable names like ReadyMop instead of unexpected ones like Swiffer, which became a $5B brand versus ReadyMop's estimated $200M.
  • Quantity Drives Quality: Placek's firm generates roughly 2,000 name candidates per project before narrowing down, not the 50–100 most founders stop at. Teams work in pairs, not brainstorming groups, because peer pressure and cascade evaluation in larger groups slow output and suppress risk-taking. Three separate two-person teams each receive slightly different briefs to produce distinct name pools from different creative angles.
  • The Comfort Trap Framework: Draw a spectrum from "bizarre/absurd" on one end to "safe/workable" on the other. Label the middle zone "approximate thinking." Instruct creative teams to generate ideas anywhere from bizarre through approximate, then pause there before evaluating. This framework gives explicit permission to explore dangerous territory without requiring full commitment, which measurably increases creative output.
  • Sound Symbolism as a Naming Tool: Specific letters carry measurable cognitive associations. Plosive consonants — particularly P, B, K, and D — signal reliability and speed to listeners. The letter X consistently signals innovation across product categories. Consonant-vowel-consonant-vowel (CVCV) structures like "mama" or "Sonos" are the easiest patterns for human brains to process, improving memorability. Placek's firm built proprietary software to sort name candidates by these phonetic properties.
  • Proof of Concept Presentation: Never present names as a flat spreadsheet list. Instead, mock each candidate into a realistic context — a Wall Street Journal headline, a product shelf, a billboard — before showing clients. The single evaluation criterion at this stage is believability: does the name feel credible in under one second? This technique compensates for clients' limited practice making creative decisions and reduces reflexive rejection.

What It Covers

Brand naming expert David Placek, creator of BlackBerry, Swiffer, Febreze, Sonos, and Impossible Burger, explains his three-part naming formula to the My First Million hosts. He covers why safe names fail, how his firm generates 2,000+ candidates per project using small two-person teams, and why polarizing names consistently outperform comfortable ones in the marketplace.

Key Questions Answered

  • The Three-Part Naming Formula: Every effective name must do three things: capture attention, maintain processing fluency (the brain can parse it quickly while finding something familiar), and deliver surprise. The third element is where most founders fail — they default to descriptive, comfortable names like ReadyMop instead of unexpected ones like Swiffer, which became a $5B brand versus ReadyMop's estimated $200M.
  • Quantity Drives Quality: Placek's firm generates roughly 2,000 name candidates per project before narrowing down, not the 50–100 most founders stop at. Teams work in pairs, not brainstorming groups, because peer pressure and cascade evaluation in larger groups slow output and suppress risk-taking. Three separate two-person teams each receive slightly different briefs to produce distinct name pools from different creative angles.
  • The Comfort Trap Framework: Draw a spectrum from "bizarre/absurd" on one end to "safe/workable" on the other. Label the middle zone "approximate thinking." Instruct creative teams to generate ideas anywhere from bizarre through approximate, then pause there before evaluating. This framework gives explicit permission to explore dangerous territory without requiring full commitment, which measurably increases creative output.
  • Sound Symbolism as a Naming Tool: Specific letters carry measurable cognitive associations. Plosive consonants — particularly P, B, K, and D — signal reliability and speed to listeners. The letter X consistently signals innovation across product categories. Consonant-vowel-consonant-vowel (CVCV) structures like "mama" or "Sonos" are the easiest patterns for human brains to process, improving memorability. Placek's firm built proprietary software to sort name candidates by these phonetic properties.
  • Proof of Concept Presentation: Never present names as a flat spreadsheet list. Instead, mock each candidate into a realistic context — a Wall Street Journal headline, a product shelf, a billboard — before showing clients. The single evaluation criterion at this stage is believability: does the name feel credible in under one second? This technique compensates for clients' limited practice making creative decisions and reduces reflexive rejection.
  • Rebranding Rarely Loses Equity: The primary reason companies avoid renaming is fear of losing accumulated brand equity and momentum. Placek states his firm has never observed this outcome in practice, provided the rebrand launches with a clear narrative explaining what changed and why, and what benefits users gain. Codium rebranded to Windsurf over six weeks and saw immediate brand acceleration as a direct result.

Notable Moment

When Placek revealed that every name displayed behind him — including BlackBerry, Swiffer, Sonos, and Febreze — was initially rejected by the client, it reframed creative courage entirely. The names that became billion-dollar brands were the ones clients almost walked away from, suggesting polarization inside an organization is a signal of market potential, not a warning sign.

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Episode Transcript

So listen, David. Here's the deal. I don't believe that naming your company is that important. And over the next hour, I want you to convince me why I'm incredibly wrong, why picking a good name is gonna help me build a billion dollar startup, and how to name a startup effectively. I love right behind you, you have, for people who are just listening on audio, they can't see this. But if if you're on YouTube, you see this. Right behind you, you have a bunch of almost like a music artist would have platinum records. You have platinum records of names that you've created. So the Impossible Burger, BlackBerry, Swiffer, Vercel, Windsurf. You've had the remember the Intel Pentium processor, Fabreeze, Sonos. Like, it's just crazy. The hits go on and on. SlimFast. Oh my god. SlimFast. That is one of the greatest names ever. You know, Microsoft Azure. You've done all these incredible names. And so how lucky are we? We get to hear from you today because I suck at naming. I've always sucked at naming, and it's bothered me because if you're gonna pour your sweat and, you know, tears into something for five years, you kinda wanna have a name that you feel that you like, that you feel proud of, that gives you the best shot of success. And so I guess to Sam's initial question, we were which you said at the beginning here, which is he's like, I'm not sure that names are that important. Could you know, tell change my mind. Tell me I'm wrong. Well, let me start off with this. First off, nothing that you will do in your in your brand will be used more often or for longer than your name. And it's not so much, you know, as one good name better than another good name. It's getting the right name. And that's really what our success has been built on or based on is you gotta think through what the right name can do for you. Because if you get it right first off, it's the highest frequency of leverage. You know, something that happens all the time, that's leverage for you. And the name compounds over time. Right? So the difference between an okay name and the right name that actually creates a strategic advantage, we our goal is to always create asymmetric advantage. Impossible does that. Swiffer does that. Now I'll give you a very recent example. We changed Codium to Windsurf. Now nobody knew about Codium, really. No one knew how to spell it. They couldn't search it. Their SEO was bad. We worked with them over a six week period, changed it to Wind Surf. I mean, there's a story behind that, but we don't need to get into that now. And boom, that brand took off. Now that that's an example of the power of a name. Doesn't do everything, but the the right name can launch something. It …

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Books, tools, and gear mentioned in this episode

SignalCast may earn commission on purchases via these links. As an Amazon Associate, SignalCast earns from qualifying purchases.

Tools

  • Placek's firm built proprietary software to sort name candidates by these phonetic properties.

Products

  • Brand naming expert David Placek, creator of BlackBerry, Swiffer, Febreze, Sonos, and Impossible Burger...
  • Brand naming expert David Placek, creator of BlackBerry, Swiffer, Febreze, Sonos, and Impossible Burger...
  • Brand naming expert David Placek, creator of BlackBerry, Swiffer, Febreze, Sonos, and Impossible Burger, explains his three-part naming formula...
  • Codium rebranded to Windsurf over six weeks and saw immediate brand acceleration as a direct result.
  • Brand naming expert David Placek, creator of BlackBerry, Swiffer, Febreze, Sonos, and Impossible Burger...
  • Brand naming expert David Placek, creator of BlackBerry, Swiffer, Febreze, Sonos, and Impossible Burger...

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