Among the factors discussed, I pick law to be very important and relating to the topic . Law comes first above the last factor which is risk. Risk is talking about trust and trusting the team or project but I don't even need to trust when I can legally make the team pay for their omission/act, conspiracy, embezzlement and fraud. I just sue them 
I don't have interest with ICO nor i invest with them but i just want to give my opinion that We have to take risk because you can't get success if you don't take risk.