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No SUN? Their logo would probably be the best seller.
Sun didn't fail; it was acquired and the right to the logo are Oracle's.
Microsoft didn't fail either. Who said anything about "Failed company logos on t-shirts"...?
The site itself:

"A history of silicon valley failure written in t-shirts"

(comment deleted)
I was hoping to see webvan in the mix. Guess their logo belongs to amazon?
Not all Silicon Valley companies...

Commodore - Westchester, PA

Compuserve - Columbus, OH

Infocom - Cambridge, MA

DEC - Maynard, MA

Microsoft - Seattle, WA

Tandy - Fort Worth, TX

Need to come with instructions for washing so as to achieve that worn with age look to go along with holes in the blue jeans...
they have the "distressed" style for that
Surely someone still owns the trademarks to many of these? Get 'em while they last.
FWIW the author claims this in the FAQ:

This is cool and all, but you aren’t the owner of any of these logos. Aren’t you going to be in deep trouble?

Trademarks need to be renewed fairly often. Even old logos from companies still in business get abandoned and die. Everything on this site is legally kosher as far as public records are concerned.

Not as old school and most of the startups are still alive:

http://www.startupschwag.com/

I've shut down the monthly subscriptions but leftovers remain. Take 70% off, use code: HN70

I tried to track down who owned webvan's art through a screen printer that worked with them to no avail. Also tried to find out who has kozmo.com's art. Didn't get anywhere there either.

These look great, though I'm not sure I can justify $25 each on tshirts..

Also, I think this is the first time I've seen a .biz that wasn't spam-related (or is it?!?!)

hrm, site and shirts have been pulled down...