“don't take too much financing” is a recognition that Digg v4's failure (and you should look at Alexa graphs to see how significant that was) was due to ignoring the community to give investors the site they thought they wanted.
An incredibly astute observation - it also serves to show that the investors didn't know beans about how to make the product successful, but were pushing for the changes anyway. They are still out there telling startups what they 'should do', even as we read this.