The great startup cash crunch is underway — and it's forcing late-stage companies to face their demise

• The VC funding picture for late-stage startups is looking pretty grim with capital hard to come by.
• It's taking longer to raise funding and the bar to land a deal is pretty high. 
• Some late-stage startups are now folding and selling off their best assets during this cash crunch.

It's been a pretty brutal year for startups and their founders looking to raise venture capital funding. And now it's taking even longer to land a deal.