I am in against of ICOs since the beginning. There is no need to have an ICO in order to get the project next level. People like blockchain because of the beauty of decentralization. And ICOs are destroying the whole concept.
Today, I came across this article on Reddit.
https://np.reddit.com/r/statusim/comments/6jju26/is_status_planning_on_liquidating_eth/djeta9a/
We should stop buying the ICO tokens and give control of the market to these losers.
Can anybody explain to me why a seed startup needs $200M+ funding which is not even ready to generate revenue?
I have seen lots of open source projects getting succeed without funding. And there are still good projects which are still running fine without any sort of funding. The best example of this is Ubiq.
Invest in technology, not in the scam.