I don't waste my time with new projects anymore, 99 percents of them are rushed to make quick gains and cater away with the money, i don't expected more than 5 good new projects in a whole year, why?
1. Good projects takes time to build, they aren't rushed so they take lots of time in development
2. Real working products from companies that have been in existence for years are way better when they implement blockchain tech in their company it will work out
3. Its red flag to projects from companies that starts on crypto from scratch, meaning that they are able to be where they are today with crypto.
Example companies that implement crypto and standing strong with their idea is Clear foundation or Wings Mobile, those are new ones i have seen, i know there are more, care to share?
I wouldn't say that companies which started off with crypto is necessarily a red flag in and of itself, because there are certain companies which genuinely offer crypto related services and that's just their entire business model.
What people should look out for are projects or companies which have no differentiating factor, operate in an already saturated market, and indefinitely asks for funding without any clear roadmaps.
Of course, old companies that implement crypto will be ideal, since they'd have both the exprience and expertise in their field already. However, it's not always possible to have a channel to invest in these companies.