yes you are right, because that's why many new projects are still using ICO to collect development funds. STO may be good because investors get guaranteed funds they invest. but we cannot get tokens or coins from the investment.
Yea I see a lot of talk about STOs being the new ICOs when in reality they won't, technically impossible for it to be so and if we had so many ICOs and alot of it was just copy of the other how many of these STOs will be able to come up with their own unique ideas and tech? Just because a project is a STO does not mean it will have real value also or serve a true purpose.
STOs don't have any advantage over ICOs for small investors(under 100k$). ICOs can compete with STOs without any regulation and actually regulation lead to more delay for projects. If the project already reserved the unique patent then the way team choose for crowdfunding is absurd. Real value is all about working product and how team stated on a whitepaper for applying these ideas to the mentioned problem.