If by “too late” you mean “too late to get popular, rich or famous”, well sure, it’s going to be a lot harder now that there are enormous channels that got there first and where people are used to going for content, but if you have something that people want, there’s a chance people will find you eventually.

But that’s still not to say you’ll be big and famous. There are streamers who have been streaming for years who get only a handful of viewers every time they do. And yet they still do it because they love it.

On the other hand, there are many, many people who started streaming but quit because they had to make a living and their time was better spent elsewhere. Streaming only works as a career for, I want to say, the top few percent. (I don’t actually know the figures, but I’d be surprised to learn it was a big number.)

As for equipment, I’ve looked in on smaller channels streaming on Twitch. Not all of them have good stuff. No transitions. No Vtuber avatar. No mic. No webcam. Just raw, live game footage and maybe a little interacting in the chat. Upgrades can happen later.

But if by “too late” you mean that no-one should even think about starting doing streams ever because it’s all been done, or someone’s already doing it, then no, of course not. The day it’ll be too late will be the day all the streaming services shut down.