Woodside Partner Trying To Sell Home for Reduced Sale Price of, Gulp, $38M
Kelly Porter, a managing director at Woodside Capital Fund in Palo Alto, may not have a brand name in the venture industry, but he may own one of the nicest houses -- at least, until he manages to sell it. Porter, who focuses on media, consumer software and enterprise software startups, bought his 30,000-square-foot Tudor mansion -- nestled on nearly eight acres in Los Altos Hills -- back in 1999 for $5 million. Now, as the LA Times reports, he’s trying to sell it for $38 million, down from its summer listing price of $45 million. (He and his ex-wife apparently poured tens of millions of dollars into the estate’s renovation.) He’s not lowering the listing price again, either, says his agent, though Porter is willing to “consider less,” she says.
