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 try to invest in one project not more than 10% of my money. Recently, few projects that immediately after the release on the exchange can bring profit. Therefore, I try to invest a little, because of the greater risk, it is better to buy it later on the exchange. The average investor seems to be investing $ 3000-5000, but this is my personal opinion.