<p>Startups largely live and die by the amount of funding received, and over the past few years, there has been an onslaught of investment that virtually doubled as 2015 came to a close. But that rock-solid growth began to show cracks in 2016, as the number of startups receiving funds came down by 21% and the amount of fundings received by startups in late stage fell by almost 50%. All in all, 2016 has been the year of late stage funding crunch.</p>