I would vote NAY if Parachain X makes a proposal to have the Polkadot Treasury invest 100,000 DOT to fund their project or execute a SAFT.
I might vote AYE if a team like Polimec were to ask for 100,000 DOT to make co-investments on behalf of the Polkadot Treasury along side highly qualified VCs.
The first situation is a direct investment into a speculative parachain team. Perhaps what is being lost is that many people I talk to think that the treasury is the way to directly get initial funding for their project. My whole post is pointing out why such actions are sub-optimal.
The second is an investment into an accountable team of people who have staked their previous reputation in the Polkadot ecosystem. They also appear to have a transparent system on how they will spend funds, how profits go back to their team, and have the ability to actually work with project teams to help them succeed.