It's actually not that risky if you do lots of research. Its risky for the idiots that throw money at anything that is hyped up with lots of advertising.
Well maybe you are not investing huge money for the risk will not matter because you are not geytting involve. But, try to get some empathy on the investors even if they do had a lot of resrarch the project they will be joining may still failed and those who brought up the project could run away frerly for.they are not revealing themselves.in the ICO and are just using someone's identity.