Does the amount of money raised in an ico determine the success of the project??
Is a necessity to do a fund raiser in order to start up a project??
Did satoshi nakamoto and vitalik also started a fund raised??
I don't think that's the determining factor. The main thing that would be a promising project and investors were interested in what would support the project financially. As far as I remember Vitalik didn't collect any money for start.