Without investors you can kiss your rewards goodbye. Unless there are people willing to buy STEEM, then the rewards that are given to bloggers do not have value. The less investment we have, the more the price drops, and then everyone complains about how they are not making any money anymore.

I don't think the disagreement is about whether or not we need investors, but about whether or not we need to be chasing them. I think what he is saying (and I tend to agree with this) is that if you focus on circulation and utility, even at the expense of focusing on investors, you will end up with an ecosystem to which investors will naturally flock.