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.
But a lot of crypto-newbies gamble with them thinking they know what they're doing and that crypto is all about pumping and dumping random "projects". These people ignore, or not even aware what crypto stands for and just giving a bad name to it. And they will eventually get burned and hate cryptos altogether. Profits aren't made from nothing, it comes from other people's losses.
You have an excellent point right there. But I don't totally agree with you. We cannot generalized the whole thing and would stir towards ending ICO out of the blue. The indiscretion of a few or may must not be stereotyped to all.
I will still support ICO projects despite a lot of going on with the scams.
There are many that have concrete programs and real world applications out there that just sit and waiting earnestly for support.