I hope the ICO craze will end soon.
I don't think cryptos should be mixed with startups/kickstarters. Cryptos should be trustless, transparent and decentralized, ICOs are none of those things so using a blockchain platform doesn't really offer any benefits to them, in fact just giving a bad name to cryptos.
I dont think by the same way as you, icos are a good thing after all.
Maybe without them, there would not even be a quarter of all the altcoins that are on the top 20 at the moment.
Yes,ICOs have been found to be the best way for raising funds for new projects as well as existing companies.Even institutional companies have started to enter the ICO market for raising funds.We should not come in to the conclusion that ICOs would die on just seeing some scam ICO projects.There are some promising ICOs too.