I know that the answer depends on the project, how much you believe in it, and how much you have to spend.
But I am looking for data about an average ICO investor... are people investing tiny amount in as many projects? or more sizeable amounts?
For example, lets take a $40m ICO, what do you think the average investor puts? $10? $100? $1000? 5,000? more?
Edit: many of the answers were, whether one should invest in an ICO at all. My question was intended to understand more specifically what's the average person place nowadays in an ICO, IF they participate. I am interested in data, about a typical average ICO investment, not whether anyone should or shouldn't invest in an ICO.
I believe the average investor invests about $500 dollars in an ICO that he/she tryst to have a promising future. Investors of Cryptos are being advised to only invest the amount they're willing to loose. For this reason most are cautious of the amount they invest because it is hard to trust ICOs nowadays. So it also depends on the trust level.