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 have tried once to invest 1ethereum and the project become successful so my investment tripled but the next that i tried turns scamming that the dev return only half of my money thats why from that moment i stopped joining ICO.
But if you are really interested and wanted to try then out only atleast half ethereum per project so even if the project becomes scam then theres only small amount that you have lost