That is why i look project from it's product. My perspective is, when they have no product yet, they create ICO to make their ideas get realized. It means they only rely on investor's money or maybe not have back up from their own money.
same with me no real product ready is look like they just want to raised funds the serious project should have a ready to use product and the fund the they will raised is just to help the project to be bigger.
That is my point. Money for develop or maybe make their project bigger is better than money to created product. I think people's money is not a toy, so they can't do experiment with our money especially if we don't know project really work or not.
I completely agree, I also think that the time for ideas, empty ideas is behind us, while a working product gives investors more confidence in making a profit on investments