I agree, it was a great ideea, an easy way for people with little money who wanted to invest into startups. Problem with these projects is, anyone can deploy an app on the blockchain so it's a bit hard to know how reliable they are, wether or not they are very qualified or have good or bad intentions. Let's say they have good intentions: In this particular case it's hard for 99% of investors to decide wether or not the developers are very capable and experienced, or not. In this case, a disaster is very likely to happen (it did happen to DAO and i think they are quite experienced). I think Ethereum foundation should help in this situation. They should act like a middleman and tell potential investors wether or not they think the developers of some specific project, based on their previous projects / experience, can actually develop anything. Ofcourse I know they couldn't guarantee the project would have any success or guarantee the developers won't run away with the money but atleast that would eliminate from the start vaporware projects that aren't doable and have no other purpose other than getting developers rich.