Yup. Just look at the current most highly regulated industries: fossil fuels and power, vehicle manufacturing, finance, pharma and healthcare, water, air transp

Yup. Just look at the current most highly regulated industries: fossil fuels and power, vehicle manufacturing, finance, pharma and healthcare, water, air transportation. There aren't many startups competing with the established companies in those spaces, and it's not because there aren't things to innovate on.