People like Chamath Palihapitiya, who can probably do both. All while lecturing us about how bad our society is and how he's ashamed of having been part of Facebook (I'm sure he'll say the same about SPACs later).
Yes but presumably IPOs have a business model and assets, quantified by audited financials that can be examined and evaluated against competitors.
ICOs were taking real money and exchanging it for tokens with no legally enforceable equity rights. It's GoFundme with a slicker landing page, but no oversight whatsoever. There's a reason they do that and it's not because doing it through the proper channels is impossibly onerous.