How much do you invest in an ICO?

[foxbitcoin]

I know that the answer depends on the project, how much you believe in it, and how much you have to spend.

But I am looking for data about an average ICO investor... are people investing tiny amount in as many projects? or more sizeable amounts?

For example, lets take a $40m ICO, what do you think the average investor puts?  $10? $100? $1000? 5,000? more?

Edit: many of the answers were, whether one should invest in an ICO at all. My question was intended to understand more specifically what's the average person place nowadays in an ICO, IF they participate. I am interested in data, about a typical average ICO investment, not whether anyone should or shouldn't invest in an ICO.

For the ICO project, I will do diversified investments. The investment in each project will not exceed 10% of the total assets, which will help to diversify the risk of investment.

[babarian]

I have never invested heavily in an ICO project, between 2 and 5 ethereum. not without reason, but because of capital constraints and my doubts about the future of tokens that I bought when the ICO.

[ronnis.gomes]

This year I chose to stay away from ICOs due to the bearish market since January. I even had some ICOs that I was interested in, like DCC, but I preferred to just observe.