Has anyone benefitted from ICO?

ICO or Initial Coin Offering is a sale of a new cryptocurrency in its launch phase. You can get a lot of coins for a small price. ICO is generally performed before the new coin is listed on crypto exchange. I have never tried any ICO as I do not trust any of these new crypto currencies. I am skeptic about these new coins because I have rea dhorror stroriesfrom people who lost a lot of money on fake crypto currency.