I like where you're coming from. I agree that many developers are hopping on the ICO bandwagon due to recent successes with them. I personally would be highly motivated to work full time on my own business if it were fully funded and I were able to use that money to take it all the way - I suppose the thing to ask is, are they doing this for a job or because they are thoroughly in love with the work they do and the product they're building?
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Exactly, research of the team always comes first! What is their reputation and what is the area of their expertise. Only after that comes the idea.