Hello, let me clear this doubt some people said that all ICO is a scam but I don't believe them because I have invested in some ICO and make a good fortune, let me give you some clue to invest.
1. When you want to invest first of all research about the particular ico you want to invest in, try to check their Whitepaper because some ICO copy text from another ICO white papers
2. Try to check their LinkedIn profile though that does'nt matter because some fake LinkedIn profile.
3.Try to know their real location even though some use VPN to hide their location.
4.website professional matters a lot because some don't even know how to build website and they are claiming that they are in to Blockchain
5. Despite all this..involving in ICO is a big risk
The very difficult part in investing an ICO is choosing the right project and you have a good idea for choosing an ICO. I salute you for taking a risk investing in an ICO.
I don't see any wrong with His thoughts regarding about the ico, in fact all for what He stated was really true. Any investment form has an involve risk as a capitalist, and for seeking or searching the ico all for what he said was indeed also. And mostly, there are still left legits ICO remain and will arise in this field of business too.