Dead. Tech startups, VC funding etc are so negligible in the broad scope of the country they are not worth discussing. Everyday entrepreneurship is pretty much dead. Small family owned businesses, your mom and pop shops (e.g., retail shop, hardware shop, corner store), small factories, and pretty much whatever you think of cannot compete in a landscape dominated by massive, consolidated corporations and chains. Especially when large corporates can get all the funding they want via banks, bond markets, equity markets, etc, whereas the idea of a small shop getting a business loan has become a joke.
Don't believe the hype about "disruption," incumbents are thriving and becoming more dominant every year.