Tag: David Cummings

What Newport had toiled for seven years to accumulate took David Cummings less than two months to purchase, through deals with seven different lenders. As of this writing, Atlanta Ventures’ new LLC, SoDo Atlanta, now owns all of Newport’s former holdings, save one. Cummings isn’t disclosing yet what he paid for such a hefty chunk of downtown, but says he’s pleased with the sale price: “You never know what something’s worth, [but] it feels good right now.”

Before selling his company, marketing automation platform Pardot, for roughly $95 million in 2012, David Cummings says he used to play a game he called Real Estate Roulette. Cummings’s experience, coupled with his desire to kickstart a tech community, led him to found Atlanta Tech Village.

There was no startup scene when David Cummings came to Atlanta in 2002. So the serial entrepreneur sold his company, a marketing automation firm called Pardot, for an estimated $95 million and founded Atlanta Tech Village, a Buckhead coworking space he opened nearly three years ago.