Thanks for a nice first entry. i like what you have done with the w and the m to make it unique, but it's still a bit to simple.. Can you try a bit harder? ;-)
Interesting idea using the w and the m as a pictogram, bit right now it looks a bit messy, especially next to the wordmark. It would probably work better if you put the pictogram on top of the text, but I would rather see that you work further on the wm idea to come up with some new alternatives of this concept.