> And if that means no startup can possibly compete against the existing players in the industry that have the bandwidth and resources to implement the regulation?

I think starting a tech startup under a VC model is a high-risk, high-reward setup and that your idea should be strong enough to withstand regulations such as this, yeah. There has been a lot of false innovation lately and it has soured my view on the model.

I think it also hurts the incumbents, even though they get a moat of sorts. But only a moat around "tracking teenagers for advertising data".