How and when do you guys decide whether to invest or not on an ICO? Do you have a checklist that you follow?
The first tip is to never take the team for levity. This should always be your first target and where you should concentrate on the most, as they are the ones you are going to eventually be leaving your funds with and you really do not want to be leaving your funds in the hand of a team that can absolutely not deliver based on the lack of past experiences.
If you feel the team is Ok for you, then you can go ahead taking a look at the availability of a product as that is what counts the most and that is what you are investing into. If all these things are in place, then all other things can follow when it comes to the full technical details of the project.