There are huge number of projects that are made every month and I guess based on that output of project creation it tells me that its very easy to initiate any project in the blockchain platform. So they get less importance in my eyes and the one who gets more attention is the community. The community which is also investors are the core part of the whole process as they invest their real money into the project and using which the whole project is developed smoothly. Now if there are no investments made then there wont be enough money for the team and developers to develop that particular project. This is how it happens, the ICO is made for the purpose of fund raising so you can imagine how important the community is.