Exactly. The craze with ICOs is going insane. Good for anyone wanting to ride the hype train with the vision of insane wealth created in a blink of an eye.

I'm not saying all ICOs are bad, but huge majority of them don't really need ICOs at all. It takes portion of the risk out of entrepreneurship (by securing the devs way more money than they need) and therefore IMHO undermines the natural push for the product to be the best, so it can thrive on the market. This way you already have the money, so why should someone care?

I'm staying away & investing there, where progress has already been made. There are many projects/coins, that are alive 2+ years, living off themselves and small donations from the community. And guess what – they are still alive; they don't need $100m. Just saying.