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GoDaddy was founded in 1997 by Baltimore, Maryland, entrepreneur Bob Parsons. Prior to GoDaddy, Parsons sold his financial software services company, “Parsons Technology, Inc.” to Intuit for $64 million in 1994. Parsons came out of his retirement in 1997 to launch Jomax Technologies, which later became GoDaddy Group Inc. GoDaddy received a strategic investment from top venture capital funds, KKR, Silver Lake, and Technology Crossover Ventures.
In 1999, a group of employees at Jomax Technologies were brainstorming and decided to change the company name. An employee said, “How about Big Daddy?” However, the domain name had already been purchased. Parsons replied, “How about Go Daddy?” The name was available, so he bought it. Parsons said the company stuck with the name because it made people smile and remember it.