But as said, stats are better than regular startups/fundraisers (59% vs 75%) of failed ICOs. Even with these stats, The ROI average is 1200%, which is quite nice.
But it still shows that a lot of these ICOs ar complete scams. Also it's not entirely fair to just compare the percentage of fail ICOs vs regular startups, and I think what is really important is to understand the reasons why those projects failed. It would be interesting to see how many of them failed because the project didn't mana to survive to it's competition, and how many didn't even had a project, and just failed because they were complete scams. I think i that study was done, it would most likely favour regular startups.
Not saying ICOs are bad, but it's still easy to create completely fake projects in that space, compared to startups.