No. GDPR was presented as a company ending regulation. You make a mistake - you are doomed. The fines are in revenue percentages. User data was said to be "toxic". You touch it, you better know what you are doing or else.
This kind of regulation has a strong chilling effect on the budding founder. Countless web-startups were never created because the most common monetization model (ads) became basically illegal (for European startups only, US/Chinese competitors kept enjoying full freedom).
> and a very small number of other applicable regulations
But it's not a small number. And regulations have a cumulative effect. See, startups are like distance running. You know it's a hard thing, but you believe you can try to do it. But then regulations are like potholes. You run around a few, but the more potholes to avoid the harder the run, until your main job turns from running to avoiding potholes. Then you simply say "why bother" and give up.
The more regulations you have, the more obstacles you put in front of startups, the fewer young people choose the entrepreneur path and decide to just get some bureaucratic job instead.
This is the tragedy we are living in the EU right now, in the clapping of bureaucrats who never build a product or service in their entire life and do not understand what those damn entrepreneurs are complaining about.