Yeah, I agree with your take on there being enough money in the market to raise sufficient funds for the project.

Howbeit, that also assumes that humans are rational. Truth is, humans are the most irrational beings in the history of irrationality lol. Add self interest and it gets uglier and so the vicious cycle persists. But if it's any consolation, it's evident that we're in the nascent stages in the adoption and advent of cryptocurrencies and blockchain technologies so as the cryptosphere evolves we can hope for better infrastructure for ICOs, some forms of regulation, etc.