thanks @moonjelly
For many ICOs the single biggest problem is governance, or a lack of it, closely followed by clarity of how the founders’ feet will be held to the fire to ensure they deliver what was promised for investors. Happy that Tezos Foundation was not in my ICO's portfolio

Just found this article couple of our ago that is also stating similar points:
https://api.cointelegraph.com/amp/v1/news/what-lessons-can-be-learnt-from-tezos-ico-debacle?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_recent_activity_details_shares%3B48ioJjbQSqe%2BHQ4zqWzxlg%3D%3D