I see a lot of Ico's growing like mushrooms but not much investors. Some of them don't even reach the soft cap. And just keep pushing the deadline. And some others just focus on the private investors. The thing is that a lot of coins don't see the light. Personally I think this is a good thing for the whole ecosystem. There are already more than 2000 coins and just keep adding more and this is not healthy. Some projects just add blockchain but without a real value, just another coin out there like we don't have enough 
The icos are legit ruining the market for every one else and when the creators behind the coins decide to sell their bags and take out their money they are taking out a big amount of money from the market which is affecting the prices of the coins negatively. We do not need any more coins in the market, lord knows we already have more than enough