Buy a Porsche cheap from failed startup
Jackson West · 03/18/08 05:40PM![](http://images.gawker.com/Image_Not_Found_1x_qjofp8/c_scale,fl_progressive,q_80,w_800.png)
Okay, it's not one of the sexy Porsches, but it's a Porsche nonetheless — with only 53,500 miles on it! The sports car is part of an asset auction being held tomorrow at 11 for Mendocino Software, a former supplier of data backup and recovery systems with clients that included Hewlett-Packard. The company burned through $33 million in five years before shuttering last month. I imagine CEO Kathleen Holmgren and chairman Steve Colman driving back to the company in the vehicle — apparently company-owned — after yet another VC turned them down for another round of funding. Prospective buyers will have to remove the stench of flop sweat from the interior themselves.