I think that you should not invest this money, because if you do not have experience of investing in IEO, then there is a great chance that you will lose money.
Well, if he never tried where he would get that experience? I think this is actually a good time for him to try to participate in IEO, but what he needs to consider is to choose an exchange that has a good reputation in IEO. But at the moment some well-known exchanges require a minimum amount of funds to join their IEO.