I invested in one pre-ICO back in November (Heardbeats), I liked the concept and it seemed like a promising project at the time. Unfortunately they folded recently as they couldn't get the partnerships they needed to move the project forward. On the upside, they did return the original investment, albeit at the current dollar value, so lost almost 50%. However, I did respect their honesty and commitment to returning as much as possible to the early investors.
Another project I invested in also folded a couple of months back, and I received an email from them saying they were going to return the investment. Still waiting for that one.
Anyone else have any experience with refunds (or not)?
Consider yourself to be lucky if you have been refunded atleast by those projects who didn't able to reach up their expected fund caps rather than on not getting at all when the project or team decides to scam.
I never experienced to have that investment refund yet mostly of the project I had joined up did succeed and make some reasonable profits to me which isn't bad at all.