Do you feel ICOs try to raise too much?

[jhonjhon]

Probably yes, that's the mean reason for making ICO and to have a successful project. Though some ICO doesn't reach their hardcap but it is considered to be successful since they finished their project.
But some of project owners become greedy , when they have received the money they just keep it and never look back to the people supporting the accomplishment of their project.

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[SparkyU]

Yes to me the more money an ICO raises it's almost worse than it not raising very much.  Most of these projects have such little to start out with, only promises mostly.  It's a receipe for long term failure and the devs essentially winning the lottery and taking their sweet time, if ever, to deliver on those promises.

[deloreswest]

yes for some ico. sometimes ico are need a lot financing and they have write what the allocation of money for. so not all ico trying to rise too much money but sometimed to be big they really need a great amount of money to make their project success. for example real estate that need a great amount of money for their inventory and platform

[inyakizuryel]

Yes i know that they are raising too much money and investing more, additional to that they are also courageous on finding many investors and buyers of their coin, that is because they have so msny participants and they do not want to disappoint their bouny hunters by giving small amount

[jacquelinecr]

It is true that some ICOs asked for too much but some projects need more to finance the project. Usually you will get that money returned instead of see it disappear into thin air - depending on the ICO ofcourse.

[weredo911]

Yes, I agree with you. I also think that there are some ICOs try to raise their target. About $30 million or $50 million. I think we should look for ICOs with under $10 million targets.

[Fria]

This time I really don't think ICOs will increase too much because the number of Crypto-Currencies are increasing since last year and until now and more to come next year. There are too many coins to choose from that's why the competition is tough and the only option today if you're going to invest to get more profit is only through Bitcoin because Bitcoin's price is continuous increasing while Altcoins are laying low flat for a long time.

[leea-1334]

Of course they do! Tell me, outside of crypto, what kind of huge projects take millions of dollars to develop? Those by major multinational companies with hundreds and thousands of staff and testers and coders in their development team.

If you are a project with a handful of people, do you really need to raise $1 or more million?

The first red flag is this to me. No budget, no statement of costs, no market research. Just some random soft cap and hard cap based on total supply of token or coins, and how much each dev wants to keep in his millionaire fund. Ridiculous, is it not? Absolute nonsense.

[Fria]

Of course they do! Tell me, outside of crypto, what kind of huge projects take millions of dollars to develop? Those by major multinational companies with hundreds and thousands of staff and testers and coders in their development team.

If you are a project with a handful of people, do you really need to raise $1 or more million?

The first red flag is this to me. No budget, no statement of costs, no market research. Just some random soft cap and hard cap based on total supply of token or coins, and how much each dev wants to keep in his millionaire fund. Ridiculous, is it not? Absolute nonsense.

Well, you got a good point of view and in addition to that some ICOs are just collecting investments and then they'll vanish to nowhere. I participated an ICO bounty campaign but until now after one month I still haven't receive any tokens and my fellow participants are complaining and we do nothing about it.

[Black_bl]

It's a shame that most teams do not have their ICO divided into more stages. For example, if we raise $500 000 we make this, for another 500 000, we'll finish this and so on. It might be even clearer for investors and we could make better decisions on our investments.

[Crumple Cat]

Many projects demand so much because investors give it to them. A huge stream of new inexperienced ICO investors multiplied on their fear to miss their star and we get such a crazy situation when a lot of crap gets many millions. Plus those investors who have already managed to earn a lot, also often invest without a special search, because they have this money.

[jk_14]

It really depends on the project and there is no cookie-cutter answer to this question.

The problem that I have with ICOs is the fact that they do not provide any realistic breakdowns of their finances, which indicates either a complete lack of competence with regard to running a business or greed and laziness.

Fortunately little details like these make it much easier to identify potential unicorns.
At the very least it's always dead obvious when an ICO is just a money grab and not an actual vision.

[meccaflare0]

When an ICO raises too much money it has no where to go but down.
http://albertmurphy.com/
That site as a lot of nice info about ICOs

[Obi2024]

I honestly think that some ICOs are raising way more mo ey that required to implement the idea,  there are few good ones which raise as much money as required to implement their idea just like the one in my signature and few other ones.
But yes many of them are just raising more than required funds

[BitcoinGirl.Club]

You could be right for some projects because they do not need so much financial support as they aren't unique . And I think projects that are based on improving health, the environment, energy are some of the few that can not be put in the category of asking for too much because resources will never be enough. 

[osasshem]

Hey, I'm interested in everyone's opinions on this. I find so often when looking for ICOs I come across something that sounds like a good idea but then am instantly put off when they all seem to trying to raise 10s of millions for something I would deem could be perfectly possible with only a couple of million or even less.

 Do you feel that ICOs tend to try and raise too much? If yes, do you think this is out of greed for their own personal gain or simply because they over estimate the worth of their idea?

 Do you feel there is anything we can do as a community to bring expectations back to reality? Other than waiting for ICOs to continually under perform and then eventually expectations adjust?

The high estimated price for soft/hard cap of the new ICOs is shocking and which is giving a clear view that there are a huge lot of scam amongst them all. If the hard cap is obtained at the end, then there is a tendency that they might end up the project.

[Sync485]

yes totaly. they are trying to raise every cent they can. look at worldcore. they raised 10,5m dollars but extended ico time 1 month for 500k~1m more.. and lost their trust to investers.

[hhxcwz]

Yes, I think they have raised too much money and may not actually be able to use it at all.Raising so much money is not good for team development, and they may be distracted by doing things.

[Donned]

The ICO project now looks more like a speculative project than an investment project, so you need to be careful about how to choose a good ICO project rather than just follow the trend.

[taxmanmt5]

Probably yes, that's the mean reason for making ICO and to have a successful project. Though some ICO doesn't reach their hardcap but it is considered to be successful since they finished their project.
But some of project owners become greedy , when they have received the money they just keep it and never look back to the people supporting the accomplishment of their project.

Well, a yes and no for me. It depends on the ICO. It the Dev has big projects in mind he might start with a bigger target to get those funds for the project. On the other hand, sometimes making too large a target isn't good, if its not achieve as then you have to declare your ICO not achieving the target and hence a failed ICO.