How We Helped Monday.com Secure the Perfect Name for their Rebranding

written by

Joe Uddeme

Joe Uddeme

How We Helped Monday.com Secure the Perfect Name for their Rebranding

Discover how Name Experts’ premium domain buying service played a key role in the rebranding of Monday.com. As the business goes from strength to strength, Monday’s rebranding is a testament to the power not just of a world-class brand name but of a powerful, memorable domain name, too.

 

We’ve all heard of Monday.com. They are one of the biggest project management tools on the market.

But that was not always the case.

Before Monday.com was Monday.com, they were daPulse, a name that ultimately was a hindrance to their growth.

The daPulse name was out of sync with the project management business and limited their ability to scale.

Changing to Monday.com was a sound decision that contributed to the company’s massive success. It demonstrates how naming a brand is as essential as product development to any technology business.

I was approached by the two founders, Eran Zinman and Roy Mann, to pursue a rebranding project.

They wanted to buy a domain name that was both generic and memorable. One that ended in .com and could be used as a solidified brand. One of the names that stuck early on was Monday.com.

After contacting the owner, the domain name negotiation and engagement was flawless, and ultimately, Eran and Roy were ecstatic with the result.

Early on, however, I remember some of the feedback was, “What the heck is Monday.com?” But, with fantastic brand marketing, the team has done an exceptional job at growing and scaling the company. As with most great business ideas, it all starts with the foundation or a solid domain name asset to help build a brand.

Here’s the story…

In 2012, a group of Israeli entrepreneurs launched a company named daPulse. daPulse launched as a platform for enterprises to organize project management and collaboration between their workers.

Though it started in 2012, daPulse didn’t launch commercially until 2014 after significant product testing and development.

daPulse gained significant product traction following its commercial launch. The company attracted thousands of enterprise customers worldwide, each paying at least $5 per team member.

daPulse grew rapidly on the backs of venture capital funding. It raised a $1.5 million seed round in August 2012, $7.6 million Series A in 2016, and a $25 million Series B round in 2017. However, there was a problem lurking around its name.

As daPulse tried to crack through the western markets, especially the USA, its name became an object of teasing and outright mockery. Almost no one could infer what the company does from its name alone.

It seemed like a name chosen only due to the constraints of domain name availability. It had no connection to what daPulse offered as a product, hence the constant teasing. Some said it sounded like the name of a rapper rather than a cloud software company.

daPulse had no choice but to rebrand. It was a hard decision, but it paid off handsomely.

 

The challenge of rebranding

If you’re familiar with startups, you’ll know that rebranding is challenging. It consumes a lot of human and monetary resources. You’re taking on a significant risk of losing your marketing appeal by rebranding your company.

History has witnessed many expensive yet failed rebrands, e.g., Radio Shack to “The Shack” and Overstock.com to “O.Co.”

daPulse didn’t want to be one of those failures and made a sound decision. The company chose “Monday.com,” a generic, fitting name for enterprise collaboration and project management.

“Monday.com” is a name anyone can associate with a company offering software tools to manage workflow within an enterprise. Monday is the first day of the week when everybody heads back to work after enjoying their weekends.

Hence, Monday.com was easily relatable with the project management and collaboration tools daPulse offered.

 

Securing the name – and at the right cost

Buying a premium domain name like “Monday.com” would never have been easy. Hired as their domain name broker, NameExperts.com coordinated and negotiated on behalf of daPulse to help acquire Monday.com. Rebranding projects are cumbersome and can take time to identify if a name might be available – and if there are any red flags, trademarks, or questionable history around the asset.

Domain name values vary, and domain names are worth what a buyer will spend on them. It was critical for daPulse to first identify their intention, including a couple of alternatives, in case Monday.com might not have been available.

We are not able to share the actual purchase price, but we can comfortably state it has paid back in dividends.

Monday.com rebranding and scaling

daPulse officially rebranded as Monday.com on the 13th of November 2017. The company posted a video of its employees reading the various ways it had been made fun of in the past. It was quite a funny video.

“In becoming Monday.com, our vision is finally encapsulated in our name,” Roy Mann, the company’s CEO, said. He spoke valid words.

Monday.com took off like never before after the name change, especially in the US. It added tens of thousands of users worldwide, translating to more revenue. In November 2017, when it rebranded, the company had 18,000 paying customers. By 2018, that number shot up to 35,000, and by 2019, 80,000.

Monday.com continued to grow on the back of venture capital funding. In July 2018, it raised a $50 million Series C round led by Stripes Group, a New York-based private equity firm. Existing investors from its Series A and B rounds also joined the new funding.

In July 2019, Monday.com announced a $150 million Series D round led by Sapphire Ventures, a Silicon Valley-based venture capital firm. That round brought its total funding to $234 million, a record for an Israeli tech startup as of that time. That was Monday.com’s last official venture round before filing for an initial public offering (IPO) in May 2021.

 

A half-billion round of funding

Monday.com’s S-1 filing for an IPO opened its books and revealed its closely-held financials. It turned out that selling SaaS software for enterprise collaboration was very lucrative. The company reported $161 million in revenue in 2021, compared to $78 million in 2019.

As of 2021, it had over 127,000 customers, including 335 paying over $50,000 annually. Monday.com continued to grow rapidly after the rebrand and was about to list on the public markets.

In June 2021, Monday.com raised $574 million from an IPO on the Nasdaq stock exchange. It marked one of the biggest US IPOs for an Israeli company. At the time, it was valued at nearly $7 billion. Now, that valuation has dipped to $5 billion, but it’s nonetheless still very successful.

Celebratory shot of the monday.com team after the relaunch of the business and the acquisition of the domain name they needed

Lessons learned

Your business name is essential to its success

Many people underestimate the importance of naming their business. The name you choose for your business can make or break it.

daPulse had a great product, but it struggled to gain traction in the western hemisphere due to certain connotations with its name.

Monday.com’s rebranding helped it gain international acceptance and growth like never before.

Pick a generic, relatable domain name

It’s beneficial to pick a domain name that’s generic and related to your business.

Don’t stray far to find a name that has little to do with your business sector. daPulse was an excellent product, but the name had little in common with enterprise collaboration software.

Monday.com, however, had many associations with workflow and teamwork and was, therefore, a good choice.

We understand that finding a generic-sounding domain name could be unaffordable for early-stage startups. Therefore, we’ll advise you to imitate the daPulse-Monday.com model. Your business in its early stages could tolerate a non-specific domain name (like daPulse) but endeavor to switch to a generic, relatable one (like Monday.com) the moment you gain good traction.

Market your company effectively after rebranding

It’s crucial to market your company extensively after a rebrand. You don’t expect people to pick up your new name without making them aware of it first. After rebranding, Monday.com spent significant sums on marketing its new name.

It adopted a variety of advertising mediums, including social media, search engines, and TV ads. In 2022, the company debuted its first advertisement in the Super Bowl.

Effective marketing has helped propel Monday.com into the successful tech company it is today.

We like to reference this case study as it is a great example of how we are able to secure seemingly out-of-reach domain names for our clients. It’s what we’ve done for clients from Mark Cuban to Tripadvisor – and we can do it for you, too.

 

About the author

Joe Uddeme is Director and Principal of Name Experts, one of the world’s leading domain name brokerage services. He has overseen domain name sales and acquisitions totaling more than $150 million and is renowned worldwide as a go-to expert in buying and selling premium domains. Contact us at: [email protected]

Subscribe for More Domain Buying & Selling Advice

Related posts

Professional looking man (on right) and woman (on left) studying computer as if in conversation about domain names
The 3 Types of Domain Names and Common Domain Extensions

When you buy a domain name, you purchase a piece of digital real estate. But what, exactly, are you getting for your money? NameExperts.com Director Joe Uddeme unravels the elements of a domain name – so you’ll have a clearer understanding of the architecture behind them.   A domain name is an address you type into your web browser whenever you want to visit a website. It is arguably one of the most important assets any business can own. While ‘domain name’ is an all-encompassing term, a domain is actually made up of multiple parts. Understanding these elements can give you a clearer picture of the domain name investing world and ensure you’re well-informed before buying a domain name or asking a skilled domain broker to negotiate the purchase of one on your behalf. Key Takeaways Domain names – an introduction The 3 types of domain name Domain TLDs for beginners Why not check out our article about why choosing a .com domain name still makes sense for most businesses? What are domains? A domain name is a human-readable address that directs you to a particular website available on the internet. It’s akin to the address for your official residence or workplace. When someone wants to visit you, they come to your address. Similarly, when someone wants to visit a website, they type in the domain address in their web browser. Any domain name has four main components; Domain name: The name of the domain itself. Top-Level domain (TLD): The suffix that appears after the domain name, e.g., .COM and .NET. Subdomain: A domain that is part of another primary domain. It is also known as a third-level domain. Protocol: The system that specifies how information from the domain is transferred to your web browser. It is either HTTP (insecure) or HTTPS (secure). Take https://www.nameexperts.com/, for example. NameExperts is the domain name .COM is the top-level domain WWW is the subdomain HTTPS is the protocol The 3 Types of Domain Names There are three main types of domains, including: 1. Top-Level Domains A top-level domain (TLD) is the final section of a domain name. It is the last segment of text appearing after the dot symbol. For example, in Google.com, .COM is the top-level domain. Ever since the world wide web’s inception, .COM has been the most common top-level domain. It was originally used to designate commercial businesses but has become the de-facto TLD for most websites. Another popular TLD is .NET. It was initially meant for internet service providers and networks but is now available to anyone who wants it. Because NET signifies network and technology, this is an ideal option for technology companies. Yet another well-known TLD is .ORG, which was originally used to designate not-for-profit organizations. Till today, most people associate this TLD with non-profit organizations and social causes rather than commercial businesses. The .ai TLD is another popular one today – especially for tech firms. There are two main types of top-level domains; Generic TLD A generic top-level domain refers to domain name endings with three or more characters, the type that you’d most likely recognize. .COM, .NET, .ORG, .INFO, and other common domain endings fall under this category. Before 2011, there were barely two dozen domain extensions classified as generic. That year, the Internet Corporation for Assigned Names and Numbers (ICANN) expanded the number of generic domain extensions from 22 to over 1,200, opening up more opportunities for individuals and businesses to acquire domain names. Country-Code TLD As the name implies, these are domain extensions associated with specific countries. ICANN assigns country domain endings to each formally recognized nation and sovereign state, and these nations collect a royalty on every sale of their assigned TLD. For example, Tuvalu, a small island nation, earns 1/12th of its annual income from its .TV domain extension. Other popular examples of country domain endings include .US for the United States of America .AU for Australia .DE for Germany .CA for Canada .CC for Cocos Islands .AE for the United Arab Emirates (UAE), etc. 2. Second-Level Domains A second-level domain is directly below a top-level domain in the domain hierarchy. It is the part of the domain name that comes right before the top-level domain. For example, in NameExperts.com, NameExperts is the second-level domain. The second-level domain is usually a combination of words describing the business or service of the domain name owner – and it pays to match this to the name of your business whenever possible to strengthen your brand. In the above example, NameExperts describes the business of a professional domain name broker that helps customers to acquire valuable domains. A second-level domain can include letters, numbers, and hyphens. Symbols are not allowed. 3. Third-Level Domains The third-level domain, or subdomain, is the part of the URL that comes before the second-level domain. The most common subdomain is www., which refers to the world wide web. Third-level domains are not mandatory, so you can have a fully functional domain name without the www part. Some website owners create third-level domains to represent a different section of their website. Examples include: Shop.mywebsite.com refers to the e-commerce section of a website. Blog.mywebsite.com refers to a blog attached to the website. Support.mywebsite.com leads to the customer support section of a website. Understanding Domain TLDs A domain name is the most important property for anyone who conducts business online. Hence, it’s crucial to understand what they are and the different types of domain name extensions to use for a website. The information above should help you figure out how to structure your domain, but if you need help, we’re experts at domain selection and helping you buy the perfect domain.     About the author Joe Uddeme is Director and Principal of Name Experts, one of the world’s leading domain name brokerage services. He has overseen domain name sales and acquisitions totaling more than $150 million and is renowned worldwide as a go-to expert in buying and selling premium domains. Contact the NameExperts team at: [email protected]

Alarming image of a piece of paper stamped with 'scam' for an article about domain name scams
Understanding the Domain Name Scam

The bigger the domain name purchase price, the more attractive it is to scammers and fraudsters. Global domain name broker Joe Uddeme shares his top tips for staying safe when buying or selling premium domain names. It’s essential to understand the different types of domain name scams to protect yourself and your online identity. Domain name holders must be vigilant about renewing their domain names to retain exclusive rights. Domain name scams can be difficult to spot, but there are ways to identify them, such as recognizing phishing emails. One domain name renewal scam typically involves urgent phone calls or emails pressuring you to renew your domain names immediately and pay or risk losing your domain. This domain name renewal scam tries to trick people using phishing scams and deceptive tactics when registering names. Awareness and reporting are crucial to protect yourself. Be cautious of emails or letters that create a sense of urgency or threaten to cancel your domain name registration. Watch out for fraudulent domain renewal notices that may look official but are not. Domain registrations often come with options for renewal or transfer, so explore these to avoid falling for scams. Always verify the authenticity of the email or letter by contacting your registrar company directly. Be aware of deceptive practices by companies that send official-looking letters from a domain registry, urging you to transfer your registrations under false pretenses.   Protecting Yourself from Domain Scams Always use a secure payment method to pay for domain name renewal. Recognizing legitimate renewal notices is essential to avoid unnecessary fees and potential loss of domain ownership for the customer, so don’t ignore every email you received about your names. Just treat them all with caution. Verify the authenticity of the email or letter by contacting your domain registrar company directly. Scammers often exploit the relationship with your existing registrar by suggesting that a transfer is merely a renewal process. Monitor your domain name registration and renewal dates to avoid missing important deadlines. Scammers use various methods, including urgent phone calls and deceptive emails, to execute a renewal scam. Use domain locking to prevent illegal transfers. Domain hijacking is another threat that can be mitigated by this measure. Registration scams typically manifest through fake renewal notices, creating confusion and unwarranted financial pressure. Keep your contact information private by using a domain name privacy service. Scammers may trick owners through fake offers, exploiting confusion around domain registration and renewal. Fraudulent phishing scams often target website owners, too, using tactics to deceive them into believing they owe money or need to make changes to their domain or hosting services.     Understanding Domain Name Renewal Scams A Domain name renewal scam is a type of intellectual property scam or confidence scam that target the owner. These scams can result in financial loss for businesses and individuals. The financial loss can be substantial, affecting both small businesses and large corporations. Domain name scams can take many forms, including domain slamming, false offers to buy or sell domains, and fake trademark protection. It’s essential to understand the different types of domain name scams to protect yourself and your online identity. Domain Registry of America is an example of a fake trademark protection service. They contact the website owner claiming to have a trademark right or warning that someone else owns the rights to your name. Check your expiration date and make sure your domain information is protected so you don’t lose control of your asset. While you can’t technically buy a domain name forever, you can register and renew for extended periods. Domain name scams often involve unscrupulous domain name registrars attempting to generate revenue by tricking businesses into buying, selling, listing, or converting a domain name. These scams can be difficult to spot, but there are ways to identify scam tactics. Be cautious of emails or letters that create a sense of urgency or threaten to cancel your domain name registration. Always verify the authenticity of the email or letter by contacting your registrar company directly. Be able to recognize scammer tactics by paying attention to blog post and article updates. Customers should also consider adding two-factor authentication for all registered accounts, or hiring a domain name consultant for guidance. Definition of domain name scams A domain name scam is a fraudulent scheme where scammers deceive individuals or businesses into paying for fake registration services, overpriced renewals, or by impersonating legitimate registrars. It often involves phishing, domain hijacking, or misleading offers to trick victims into making unauthorized payments or losing control of their domain Importance of awareness and prevention Awareness is the first line of defense against domain name scams. The website owner must be vigilant and proactive in protecting their assets. This means being cautious of unsolicited offers, verifying the authenticity of emails and letters, and keeping domain registration information up to date. By understanding the risks and taking preventative measures, website owners can safeguard themselves from getting scammed. Regularly monitoring domain status and using secure payment methods for renewals are also crucial steps in prevention.   Domain Registry and Scams Domain renewal scams: fake notices and invoices Domain scams are a common tactic used by the scammer to trick the owner into paying for unnecessary services or transferring their site to a different registrar. These scams typically involve sending fake notices or invoices that claim the domain name is due for renewal. Often involving inflated prices, notices often appear to be from a registry or a legitimate company, but they are actually from fraudsters posing as an internet registry. Swindlers use various tactics to make these notices or invoices appear legitimate. They may include the domain owner’s contact information and registration details, creating a sense of urgency by claiming that the domain names will expire or be lost if the renewal fee is not paid immediately. They may ask for you to renew your domain and pay an exorbitant fee. This pressure can lead the holder to act hastily without verifying the authenticity of the notice or link. They may also try an inflated price on the renewal scam for your website or use a scare tactic and tell you your name is about to expire if you don’t pay a fee. To avoid domain scams, website owners should be cautious of unsolicited notices or invoices. Always verify the authenticity of the sender by contacting the current registrar directly or checking the domain name holders registration information online.     Domain Scams – How to Stay Safe To protect yourself from domain scams, it’s crucial to be vigilant and take proactive steps. Here are some tips to help you avoid falling victim to domain scams: Keep your domain registration information valid, up to date and secure so it never expires. Simply renewing ahead of time. Set a calendar reminder to be a step ahead Be cautious of emails or letters that create a sense of urgency or threaten to cancel your domain name registration. Verify the authenticity of the email or letter by contacting your domain registrar or reseller directly. Use secure payment methods when you register and renew your site or domain name. Avoid Mail that contains your physical mail address. Address customer concerns by contacting customer support. Monitor your domain name registration and renewal dates to avoid missing important deadlines. Consider adding auto-renew as a double check for registering your asset before it expires. Use domain locking to prevent unauthorized transfers of your registered assets. Keep some money in the registrar account in case you have an issue with your credit card when you pay. Keep your contact information private by using a domain name privacy or proxy mail service. By following these tips, you can reduce the risk of falling victim to domain scams and protect your online website identity for your domains.   Reporting Domain Scams to Your Domain Registrar If you suspect that you have been a victim of a domain scam, it’s essential to report it to the relevant authorities. Here are some steps you can take: Report the scam to the Federal Trade Commission (FTC). Share the information about the scam on social media to warn others. Use the social media links provided to share the post. Report the scam to your domain registrar company such as Network Solutions. Contact the Internet Corporation for Assigned Names and Numbers (ICANN) Complaint department and let them know about the letter or email. File a complaint with the Better Business Bureau (BBB) if the scammer is a business. By reporting domain scams, you can help prevent others from falling victim to the same scam and bring the fraudsters to justice.   About the author Joe Uddeme is Director and Principal of Name Experts, one of the world’s leading domain name brokerage services. He has overseen domain name sales and acquisitions totaling more than $150 million and is renowned worldwide as a go-to expert in buying and selling premium domains. Contact us at: [email protected]

Close up of a man in white shirt at a laptop (only arms seen), as if he is searching for info about domain names
What Is A Domain Name and Why Do I Need One?

Domain names are one of the foundations of every global brand – they’re your calling card online. In this post, domain name expert Joe Uddeme explains how they work and how to secure the right one for your business.   You probably know more domain names than phone numbers these days. Think of all the news sites you know the address of – plus Amazon, Apple and all those big brands whose website URLs you can guess because nine times out of ten, it is their brand name + .com. While the world of domain names is easy and familiar at face value, behind the scenes, there’s a lot more going on. If you’re getting ready to buy a premium domain name – one costing in the thousands that will be memorable and potentially valuable for a business in the long term – you need to have a solid grasp of what you’re getting into. To stop you from confusing domain names with websites or even website hosting services, this post is a great place to start. Key Takeaways What is a domain name How does a domain name work How to choose the right name for your business Securing a name that will keep your business on track   What Is A Domain Name? To put it simply, a domain name is the address of your website. It is the phrase or word that you will type into your URL bar of your browser to find your website. For example, our website is https://nameexperts.com/ You can purchase domain names through a domain registrar, through a hosting provider, or let a domain name broker help you. What is the DNS? You can’t really answer the question, “What is a domain name?” without addressing DNS. Domain names are part of a large network called the Domain Name System (DNS) and it is managed by the Internet Corporation for Assigned Names and Numbers (ICANN). The ICANN is a non-profit organization responsible for management and maintenance of the DNS, as well as regulating domain registrars. How Does the DNS Work? When you type a domain name into your browser, your computer will check if you’ve previously looked at that domain. If not, then your browser will contact the local DNS server to pull it up. Your local DNS server breaks down the domain name into sections. We’ll use our name again as an example. There are three parts to nameexperts.com – www., nameexperts, and .com. The .com is known as a top level domain (TLD) and the local DNS server will search for this section first, and then serves to find all the details of your domain name and send that information back to the browser you’re using. There are obviously a lot more technical steps to it, but that’s the basics of how the DNS works. Let’s talk more about what you really need to know – what types of domain name extensions are available.   Different Types of Domain Name Extensions All domain names are made up of a website name (nameexperts), and a top level domain (.com). Though the extensions can vary, we think it is useful to know the differences between the types of top-level domains available so that when it’s time to choose your domain name, you choose the right one. The two types we are going to talk about today are Generic Top-Level Domains (gTLDs) and Sponsored Top-Level Domains (sTLDs). Generic Top-Level Domains (gTLDs) Normally, the best course of action is to choose a reputable TLD like .com, .net, or .org. But because these are so popular, there are millions of domain names that have been registered to date. So the name you want might be taken (read our post: “How to buy a domain owned by someone else”) – or it may be hard to find a name that works. Here are some of the most generic TLDs: .com (commercial) .info (information) .org (organizational) .net (network) .biz (business) Sponsored Top-Level Domains (rTLDs) In addition to gTLDs, there are also some top level domains that are sponsored by organizations or agencies for very specific and often exclusive use. Here are some examples you’ll recognize: .gov (used by the US government) .edu (used by educational institutions) .int (used by international organizations) .mil (limited to US military entities only) Subdomains We thought we should also mention subdomains. A subdomain is also known as a third level domain and is an extra part of a domain name. They are viewed as separate websites by the search engines, so creating subdomains can help improve your site’s SEO. Specifically, a good time to use a subdomain is for a blog. It might look like https://blog.nameexperts.com.   How To Choose The Right Domain Name Now that we’ve answered what is a domain name, we want to help you choose a strong domain name that accurately reflects your business. Ideally, you want to be easy for your target market to remember and be something that is timeless. Your domain name broker can help you find the perfect domain name and get you started with the process that goes along with it. Begin by doing some research on keywords that are relevant for your business. Whether it’s the name of your business or another keyword that relates to your business and you want to rank for it, this type of domain name will help improve your site’s SEO (search engine optimization). Another tip is to keep your domain short and memorable. You want it to stand out but be easy to remember – try to keep it to three words or less. You also want to make sure you avoid numbers and hyphens. People won’t remember where they go and they might mistype. Which leads us into another tip for choosing your domain name, make sure it is easy to spell. Shy away from words with multiple spelling variations or one that might be difficult to pronounce. Think long term. You want a domain name that supports the growth of your business and will last for years to come. Changing your domain name later can really hurt your business.   Working With A Domain Name Broker – The Easy Solution Getting your domain name right is crucial for your business or organization. It can help define your brand and form a lasting impression on your audience. Do your research, and then if you’re serious about securing a seemingly unavailable name, reach out to a domain broker. We can help you buy and register a name – even if it belongs to someone else. We can also advise on strong alternative names for your business. NameExperts.com has a selection of highly commercial names available for sale at any time. At the time of writing, these included eight.com, proud.com, fate.com and nickel.com.   About the author Joe Uddeme is Director and Principal of Name Experts, one of the world’s leading domain name brokerage services. He has overseen domain name sales and acquisitions totaling more than $150 million and is renowned worldwide as a go-to expert in buying and selling premium domains. Contact us at: [email protected]  

Why Work with Name Experts

Name Experts offers personalized domain brokerage services, assisting clients in buying or selling premium domain names with expert appraisal, negotiation, and complete transaction management while ensuring confidentiality.

Some of our most
successful stealth acquisition and sales

Aid.com

Fit.com

Mine.com

GLD.com

Jeff.com

Fora.com

Nori.com

Secure.com

Guitar.com

F*ck.com

Radian.com

MetaData.com

Prize.com

Link.com

Loop.com

Programs.com

Claim.com

Quince.com

Hook.com

QXO.com

NQ.com

Rest.com

Humani.com

Max.com

Need help buying or selling your premium domain?