As the ICO market matures, we are seeing a convergence towards traditional venture capital practices, including vesting schedules and lockups for investors to align incentives better.

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.

Investors often rush into ICOs with the hope of quick returns, which can inflate the amount of capital flowing into the space beyond reasonable limits.

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

The future of early-stage fundraising will likely continue to focus on liquidity, with tokens providing instant liquidity compared to traditional equity investments. The trend towards faster liquidity in startup investments is accompanied by an increase in secondary trading and more equity secondaries being executed in startups.

The ICO market has not yet established effective mechanisms for stabilizing token prices immediately after launch, which could lead to volatility.

Investors struggle to conduct due diligence in the ICO space due to a lack of established norms and data on token success rates, making it difficult to assess which tokens are viable.

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.

Initial Coin Offerings (ICOs) represent a new trend in early-stage fundraising, allowing companies to raise money online without traditional meetings with investors.