99.9999% of internet users are familiar with the Google Logo; in fact, it's probably the most recognized logo on the web.
The notable thing about the Google logo is that Google is constantly changing it —but NOT changing it. Even when letters are omitted completely, colors are changed, or images are added, it's still the Google logo.
It begs the question: How far can you deviate from a visual concept while maintaining a solid brand identity? Google had the good judgement to represent itself with a colorful palette on a simple white backdrop, and refer to itself only by its simple six-letter name, making it flexible enough to work symbolic representations of current events and other visual messages into.
This is the one we've been using for a long time:

Eventually, after months of comps, and revisions, and more comps, and more revisions, Russell, our President and founder, made the selection of our new logo:

I think our previous logo had two powerful elements to it; one was the red swoosh. The other was the word "Affordable" on top, which appealed to small businesses and thrifty clients. I'd say the Creative part was important too, but if people were searching for a graphic design or marketing firm, they probably already understood that message.
And as Google has taught us, sometimes it's more important to show than tell when designing a brand identity.

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