Square, Block, and the Impact of Your Product Name

Better Product

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3y ago 30:56

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Changing a company or product name in a rebrand is a big decision. That’s because renames are usually seen as a way to cement a changed identity. But what if we told you that names are only as valuable as what we build around them? We’re exploring the concept through the recent Square-to-Block rename, and what to consider when putting a name to your own product.

Want to add your own take? Write a note or record a voice memo, and send it to erica.irish@innovatemap.com to join the conversation.

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Takeaways:

Names are significant, but what you build around them matters more.
It’s the burden of brand & positioning to make a name mean something.
Big Tech names are trending towards generic words—but does that actually limit creativity for others?

Things To Listen For:

[1:00] How Meghan & Christian got their own names

[2:30] A name change isn’t just about a word; it’s about an evolved identity

[2:50] What really matters to a name is the strength of your brand & positioning

[3:00] Good names don’t have to make sense, but they should be memorable...

[4:00] …and what you do with your name usually matters more than the meaning

[5:20] Introducing the Square story through a book, The Innovation Stack

[6:20] Why Square chose the new name Block

[9:30] An established name should influence how you think about brand & product

[10:20] Why there’s no “one way” to name your company

[11:00] It’s the burden of brand & positioning to make names mean something

[11:15] Revisiting the Mailchimp & Surveymonkey rebrand

[14:00] Names don’t always reflect the product—and that’s OK

[15:00] Names tend to evolve with how they’ll be used

[15:45] When it might be time for a company to consider a rename

[17:00] Understanding how names and renames can influence growth

[19:00] Are current trends in Big Tech names “land grabs”?

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