Stephanie and I were sitting around in a cafe in U District, trying to think of a company name. Stephanie had a bunch of college-level math books, so I looked through the index of each one and read out loud anything that sounded remotely interesting.
We choose Binomial because we're a two person company and it implied "two", and because it sounded cool to us. Our product Basis also involves a lot of linear algebra and optimization algorithms, so we wanted to choose something mathematical.
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