They become a series of sounds that you associate with people in music. As musicians you try to find a name for your band that represents you and you never really do, because, basically, names for bands lose their meaning after a while. It's a complex question to answer, really. Molko has frequently stated in interviews that the name is a rejoinder to the 1990s cliché of naming one's band after a drug. The band eventually chose the name Placebo, due to its meaning in Latin, 'I shall please'. Robert Schultzberg assumed the position of drummer in late 1994. They played for a while with Steve Hewitt, a friend of Molko, but Hewitt had prior commitments to local band Breed. Originally, the two were unable to decide on a drummer. Molko, however, denied in 2009 that Ashtray Heart was the first name of the band, dismissing this as a rumour and claiming that the band had more names initially. The two formed as Ashtray Heart, named after the Captain Beefheart song of the same name. On the strength of Molko's performance, Olsdal decided that they should start a band. Molko, observing that Olsdal had a guitar strapped to his back, invited Olsdal to watch him perform at a local gig. At the time, Olsdal was taking guitar lessons and was on his way home when he met Molko at the South Kensington tube station. The two met by chance in 1994, in London, England.

Placebo founders Brian Molko and Stefan Olsdal had both attended the American International School of Luxembourg, without speaking to each other, as they were part of different social circles. Drummer Robert Schultzberg joined in late 1994, but left in 1996 shortly after the release of the band's eponymous debut album due to conflicts with Molko, and was replaced the same year by Steve Hewitt. Placebo are an English rock band, formed in London in 1994 by vocalist–guitarist Brian Molko and bassist–guitarist Stefan Olsdal.

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