It's harder but we're still finding oil in Oklahoma today. The bar has been raised on startup companies but it can still be done. Every regulation and every rule limits you but yes it can still be done. That's the beauty of living in a free country and having the freedom to have an idea and become an entrepreneur.
I'm an immigrant kid who came to America from India when I was very young and grew up in New York City with a single mom and really was influenced by all of those immigrant cultures bumping up against each other.