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.
True, at first I thought variety and continues flow of new projects and ideas related to cryptocurrency is a good sign for a lively crypto community and economy but It wasn't. These turns out more to be a barrage of give and take project without actually returning a reward from its investors affecting the credibility of the whole system among the common people and prospecting new investors.