the first i Pod was in fact as big as a slot machine and was, Named the i Pod firstly because the device was to be used for internet and information so it was just give the letter I and as for the Pod the team came up with the name pod as it was in the inventors eyes a pod like a flower pod full of new life and good ideas. The name of the company was indeed I Pod and was situated in brisbane Australia. and the year was 1995 unfortunately the australian invention was too early in the market. we even had the first online trading post and when we offered to put the printed version online for just a few cents per advert the managing editor told us the internet would not take off as it was just a fad... Even our revenue stream ideas Were so far advanced that even to this day they have not caught up . There is so much that can still be done. it is sad to see tha the great thinkers are not on the ball, With todays wireless tech and infotech competent society There are so many opportunities just waiting to be developed. So I encourage entrepreneurs to go for it. Mind You I can tell you getting a business angel would be a good idea for starters. they weren't there for me or my team.