Just a quick question

[ZaynDale]

When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?

It depends. Most ICOs are dependent of the funds they get on sales, most ICOs aren't developing their products and projects unless the investment funding would reach their expectations. There are soft and hard capitals in every ICOs so that money are going to fund to the people who involved, materials and all resources that are important for the product or project developments.
That's why ICOs needs funding and that fund can only get through ICO sales.

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[martina14]

When there is an ICO, can the company running the ICO take and use the funds once the soft cap is reached or do they need to wait to the ICO is over?

It is depend on the developer and the team, once you invest your money they have the full control of it.
Even they get some money from it they have the rights, if you asked them they will answer in a positive way.
you will never caught anyone on ICO unless ICO ended just be careful!

[Bitcoininspace]

The thing is a company running ICO can take all the money they collected and buy villas in Bahamas and never do nothing they've announced  You can never guess what ICO is a scam with 100% and what they will do with money after the soft cap is collected

[TheAlchemist]

Of course they can use money at any time, for any need. This is one of the main problems in today's ICOs. Many now are developing various proposals to control the money of investors. But so far this has not been realized yet. However, society is in great need of it.