https://research.bloomberg.com/pub/res/d28giW28tf6G7T_Wr77aU0gDgFQ 2017 saw ICO’s explode into the fundraising arena. This well-researched report on who raised money, where it went and how projects fared exposes the most important criteria for anyone wanting to buy into ICO’s going forward. Most notably 78% of ICO’s were outright scams. 4% failed and 3% are dead projects. Only 15% of ICO’s in 2017 went on to be listed on exchanges. And even that number doesn’t fully represent the real number of actual projects that will make it to completion with a functioning product. That will likely only be a fraction of the 15% that survived after the ICO. Bleak picture indeed. Either the ICO investors will need to become more selective, or ICO’s will fail as a find-raising method. Many have criticized the technique of bypassing expert venture investors and going to straight to public fund-raising before any product is even developed. It takes away the focus of even the best tech teams when they are handed millions up front and told they can do whatever they want since no one regulates the space and there are no investors to hold teams and projects accountable. Take note crypto buyers: ICO’s will not be a get rich quick investment now that word is out. Do detailed research and pick projects very selectively, or else you wind up with useless tokens.