I don't think it's necessarily a bad thing. Like you say, some regulations are needed, and we wouldn't want to allow unsafe cars on the road just because crash-tests are a barrier to entry for startups.

However it does serve as a moat for players with more capital, and that's something we should also be mindful of. For instance, maybe we could have some of the requirements scale and only kick in when a product meets certain thresholds in terms of numbers of users.