some people still have a hard time accepting that every single ICO has always been a big scam. most of them don't show it obviously but they really are scams at heart otherwise none of them attempted raising funds like that and not returning any product in the end. we have ridiculous projects too. they all promise things they can not and will not deliver.
I don't think we may judge the cryptocurrency market too harshly. What concerns small business and startups, we'll see most pr-s die in a year. Cryptocurrencies are risky, but many projects keep struggling!