Do you mean a development fund for Steem core blockchain development?
If so, a fund is only the beginning; technical capability and political will are also a requirement to drive community-based change at the core blockchain level as this is a stake-based DPoS system but I consider the likelyhood of any change community-based change at the core blockchain level extremely unlikely given the challenges.
At my technical level I guess I'm not entirely sure what is "Core" blockchain level and what isn't.
I could see a use for both cases.
I think over time we will get better at gathering a vision and consensus. Especially if we know it is our job and it isn't confused with what you guys are or aren't going to handle.