I'm sorry to say that the golden age for ordinary people entering the ICO is over. This value will shift more to venture capital funds for the simple reason that many large vc funds offer significant upside. Neither propaganda nor their support networks, and most of the projects are mindless. Most vc funds are usually 100 percent.
We are seeing this now, because if you look at most big ICOs that apply the SAFT then you see this is a way most developers would even preffered, reason being that most of them don't look for quick flip like most retail investors and also it take time before the tokens get listed on exchange so there is no pressure on them to get listed on exchanges also and if they do mostly go for the top exchanges which do help the price alot and generate interest