They are not so alive, they are dying whether you like it or not. Many of them are still shit. Becoming scams after they have profited from the investors and bounty hunters who have helped them gain more before running away.
You're wrong with it, I'm not an ICO believer nor IEO, but for what I can see with is that there are some of the ICO at the present time now are now getting better and sometimes good rather than IEO, based on my observation. It is true that there is still shit project out there but there is also shit IEO that has been arise here too, were this is the reality things happened.