ICO investors often look for these> all-star team, low market cap, less than .1 in ICO price , working prototype, low hard cap.
Makes perfect sense and looks very ideal. BUT fails to realize that changes around crypto happens so fast , these factors are no longer exhaustive.

Governments are trying to get a piece of it for some form of control and govt can take down/ban ICO that don't satisfy the regulatory framework being implemented. Thus it's wiser to check if the crypto startup is working with the govt agency at least for 'legality' so your share of tokens are secure. 4

Take a look at the efforts done by this blockchain-based bank ( NO public sale , sorry ) https://technode.com/2018/08/06/taiwans-crypto-scene-is-booming-but-still-needs-a-clearer-regulatory-framework-to-thrive
The CEO, due to prior work with the government, has deep connections with the officials and has connections to ALL banks in Taiwan.