The main problem with ICM is that it attracts the worst type of founders and investors No serious entrepreneur wants to have a bunch of fast money on the token telling them what to do (Pump the token) w/o any regard for the actual product. The token becomes a burden early on because you need to make your investors 'happy' and disregard the product. Nobody who is serious about building a company accepts this tradeoff This means that ICM also attracts the worst type of founder: People who wouldn't be able to raise from serious investors and are also just here to make a quick buck from the fast money investing in their project Inverse flywheel