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??
There are projects that can set up a platform or a service without going through an ICO, so it's not really necessary but these company or projects wants funds to get their project running smoothly so they go for crowdfunding but this is for real project, but scam projects want to raise funds so they can go to the beach and bar.