Another piece of advice: at least do a web search on any name you are considering[1]. In part to find out if someone else is using a name that's too similar, but also to find out if the name you're considering has some sort of adverse implication that you're unaware of.
[1] My business attorney insists on also doing a trademark search.
Can't believe this advice is free. Hacker news really is an amazing community. How do you actually do a trademark research?