The current trend in the ICO market is towards liquidity, but early investors may still be locked up for a significant period to ensure their support for the company.

Investors are increasingly able to invest in both equity and tokens simultaneously, with evolving structures in the ICO market reflecting this trend.

The investment community has evolved, with more professional seed funds emerging that have obligations to their investors, which can create misalignment with founders' goals.

More money has been raised in ICOs than has been delivered in venture capital to companies in 2018 thus far, which raises concerns about the ICO industry. The ICO industry has developed norms and standards over the last four years, but the rapid growth in this space is concerning rather than positive.

The demand for ICOs indicates a strong interest in investing in startups, but it also reflects a tendency for investors to believe in ideas that may not be sound.

The ICO market is currently a global phenomenon, with significant fundraising occurring in both Europe and the United States, reflecting the rapid growth of the cryptocurrency ecosystem.

The venture capital industry has had to restructure to accommodate the changing market, focusing on the needs of founders who require different support than what was traditionally offered.

The venture capital industry has had to restructure to accommodate the changing market, focusing on the needs of founders who require different support than what was traditionally offered.

The YC process for evaluating startups provides valuable data on success signals, but such a framework does not currently exist for ICO tokens, leading to aggressive investment mentalities.