Zoom, Xoom, Zum: Why Does Every Start-Up Sound Fast Now?

One day this quarantine, who can say which, I encountered the next items of data: Zoom, the videoconferencing firm, noticed its inventory hit a brand new excessive; Zūm, a ride-sharing enterprise, lower its work pressure by a 3rd; and Zume, the robotic pizza start-up, failed to lift extra funding.

In different phrases: Zoom boomed whereas Zūm pruned, and possibly Zume was doomed?

Fast-sounding start-ups, it appears, have bloomed. There’s Zoomd, Zoomi, Zumi, Zoomy, Zoomies, Zoomin, Zoomvy, Zoomly and Zoomph. Zoom.ai gives digital assistants, Xoom is a funds service, and Zumobi does cell content material advertising. Tractor Zoom, in Urbandale, Iowa, says it’s revolutionizing the acquisition of farm gear at public sale.

I requested Nancy Friedman, who runs Wordworking, a naming consultancy in Oakland, Calif., whether or not I used to be shedding my thoughts. She did a search and located 575 dwell logos that included “zoom” or “xoom.”

“I’m sure they all thought they were the only one,” Ms. Friedman stated.

The strongest manufacturers are evocative, not descriptive, she added. But in her expertise, folks with engineering backgrounds don’t all the time see the worth of an excellent metaphor. “And now they’re all in the shadow of Zoom,” she stated.

Start-ups are purported to be very, very quick. They “move fast and break things,” they “hire fast, fire fast” and they certainly fail fast. They have a magazine: Fast Company. They have a diet: intermittent fasting.

Some companies are literal about it. They put it right in their name. FastPay, Fastpath, Fastly. Qwick, Quikr, Quikly. Instacart, Instabase, Instawork. You get it.

Does merely sounding fast give a company a boon? Or has Zoom’s monsoon ruined the sonic opportune? For tens of minutes on a quarantined Thursday night, I spumed. The question loomed. It consumed me. Foredoomed me. Nearly entombed me.

Fact: There have been at least 120 start-ups whose names include something that sounds like “zoom.”

Fact: They have raised a collective $1.8 billion in funding, according to a spreadsheet I painstakingly constructed with data from Crunchbase, PitchBook, AngelList, Securities and Exchange Commission filings, and a website called Fundz.com.

Fact: The spreadsheet is called “Fast-Sounding Start-Ups: Shelter-in-Place Is Going Great, Thanks for Asking 🤪🤪🤪”

And yet, the questions ballooned: Is merely not failing the same as succeeding? My laptop fumed, festooned with tabs (222). I felt marooned. At this point, the quarantine lifestyle influencers would have advised me to step away, exhume myself from my internet cocoon, maybe listen to “Va Va Voom” on a Zune.

This investigation was my “King Lear.” All I needed was the answer to one simple question: What does it even mean to be successful?

These were the existential questions of our time. I needed help. I emailed Sequoia Capital to ask why the firm likes the great zoombinos so much. A spokeswoman wrote: “We like them all, but stay away from gloom and doom.” Do they think this is a joke?

I tried founders. XoomDat, a software start-up, has soaked up the spoils of its fast-sounding name, according to Ousmane Condé, its chief executive. “Our clients almost instantly made the connection between the company and the name,” he said.

Then I encountered a company that, bafflingly, changed its name from Zoomstra (practically supersonic) to Guide-a-rama — much slower, in my opinion. Aaron Kassover, the company’s founder, said the change was part of a 2014 “pivot” from sales guides to marketing guides. Neither business saw much success, he added.

“If only we hadn’t changed our name,” Mr. Kassover wrote. He said he was taking offers for the Zoomstra.com domain, which means that you, too, for the price of a doubloon, could zoom.

Is life better in the slow lane? I emailed Slow Ventures, an investment firm in San Francisco. The name “stands out as being a bit ironic,” said Kevin Colleran, a partner at the firm. Founders always ask about it, he added.

That afternoon, I got a Zoom call from Christopher Murphy, the founder of Zoomforth, a software start-up. He chose the name in 2012 because “zoom” sounded aspirational, and if he added “forth” to it, the domain was available for $13.

At various points, Zoomforth’s employees contemplated why Zoomforth was named Zoomforth. “We didn’t have a great answer,” Mr. Murphy said.

But rebranding would have been expensive, and the vagueness helped as the start-up found its footing. “Zoom applies to any type of service anywhere,” Mr. Murphy said. “What it lacks in specificity it gives you in applicability.”

Zoomforth has been confused for Zoom, the videoconferencing service, somewhere between 100 and 1,000 times, he estimated. Including by his dad, who recently responded to a family Zoom invite by saying, “I’m so glad we’re finally able to use your software,” according to Mr. Murphy.

“It was comical,” he said, “and somewhat depressing.” Just like this article, I assume.

Source link Nytimes.com

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