Get the 1.0 out as soon as possible...even if it sucks.
Much of the lifeblood of blogs is search engines - more than half the traffic for most blogs.
For me, it always comes back to the blogger, the author, the designer, the developer. You build software for that core individual person, and then smart organisations adopt it and dumb organisations die.
Akismet started on a $70 dollar-a-month server. Anyone can scrape together $70.
Simplicity not simplistic.
A common quality I see of people who are successful is that they are voracious readers.