I think it's simply the nature of crowdsourced funding that creates more ideas that get funded, both good and bad.
For example, anyone can start a funding campaign to launch a product on Indiegogo and most of the projects on there aren't revolutionary.
The same thing occurs in crypto where anyone can invest in a new ideas via a token sale or DAO because crypto is borderless and open to anyone, analogous to Indiegogo projects getting funding from non-institutional investors and many of those projects becoming a flop.
For example, anyone can start a funding campaign to launch a product on Indiegogo and most of the projects on there aren't revolutionary.
The same thing occurs in crypto where anyone can invest in a new ideas via a token sale or DAO because crypto is borderless and open to anyone, analogous to Indiegogo projects getting funding from non-institutional investors and many of those projects becoming a flop.