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.
I agree with you very much. ICO is just a way of investing. Although there are fraudsters, it is unreasonable to give up some really skilled and capable teams and projects for this reason. Investment itself is risky, and if you're really tricked in proving your skills are not enough to identify crooks, you can not blame the ICO.