System of a Down Album Demo tapes and signing (1994–1997)

After Soil split up, Tankian, Odadjian, and Malakian formed a new band, System of a Down. The group took its name from a poem that Malakian had written titled “Victims of the Down." The word "victims" was changed to "system" because Odadjian believed that the alteration would appeal to a much wider audience and also because the group wanted to be shelved closer to their musical heroes, Slayer. Odadjian switched from guitar to bass and passed on his managerial duties to Velvet Hammer Music and Management Group and its founder David “Beno” Benveniste. The band recruited drummer Ontronik "Andy" Khachaturian, an old school friend of Malakian's and Odadjian's who had played with Malakian in a band called Snowblind during their teens.

System of a Down quickly made what is known as Untitled 1995 Demo Tape, which was not commercially released but appeared on file sharing networks around the time of the band's success with Toxicity about six years later. Demo Tape 2 was released in 1996. At the beginning of 1997, System of a Down recorded their final publicly released demo tape, Demo Tape 3. In mid 1997, drummer Khachaturian left the band due to a hand injury (he subsequently co-founded The Apex Theory, which included former Soil bassist Dave Hakopyan). Khachaturian was replaced by John Dolmayan.

The band's first official release of a professionally recorded song was on a collection called Hye Enk ("we're Armenian" in English), an Armenian Genocide recognition compilation, in 1997. Soon after playing at notable Hollywood clubs such as the Whisky-A-Go-Go and Viper Room the band caught famed producer Rick Rubin's attention who asked them to keep in touch with him. Showing great interest, the group recorded Demo Tape 4 near the end of 1997. Unlike the previous demo tapes, however, Demo Tape 4 was made only to be sent to record companies (although it has since been leaked onto the internet). Rubin signed the group onto his American/Columbia Records, and System of a Down began to record in Rubin's studio, laying down tracks that would eventually be released on their debut album. Also in 1997, the group won the Best Signed Band Award from the Rock City Awards.