Tom Alberg Net Worth

This article will delve into “Tom Alberg Net Worth” and the “Tom Alberg bio”. Tom Alberg held dual roles as an American lawyer and businessman.

He established and managed Madrona Venture Group, a venture capital firm. From June 1996 to May 2019, he served as a director of Amazon.com.

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Introduction of Tom Alberg | Tom Alberg Bio

Thomas Austin Alberg held various positions. He was an American lawyer. He was also a businessman. He founded Madrona Venture Group. It was a venture capital firm. He acted as the managing partner there.

Notably, he was among Amazon.com’s directors from 1996 to 2019. Alberg invested early in Amazon. He supported numerous high-tech startups via Madrona.

He invested in Impinj. Impinj was an RFID tech startup. He also backed Redfin. Redfin was an online real estate brokerage. Apptio was another investment. Apptio provided business management with a service.

He invested in Isilon Systems too. Isilon Systems was a storage software provider. EMC Corporation later acquired Isilon Systems.

Tom Alberg’s Early Life

Tom Alberg was born on February 12, 1940, in San Francisco, California. Alberg’s parents were Thomas Alberg and Miriam Twitchell Alberg. His grandfather had immigrated from Sweden.

Tom Alberg Education

Alberg was raised in Seattle, Washington. He attended Ballard High School. He also worked on the family farm in Carnation. He pursued studies at Harvard University.

He completed a BA in International Affairs in 1962. Later, he attended Columbia Law School. He earned a JD degree in 1965.

Tom Alberg’s Personal Life

Tom Alberg has been married twice. His first marriage was to Mary Ann Johnke, a physics professor, in 1963. They had three children together: Robert, Katherine, and John. The marriage ended in divorce in 1989.

In that year, he married Judi Beck, who founder of Oxbow Farm and Conservation Center. They stayed married until he passed away. They had two children, Carson and Jessica.

Tom Alberg Career

Alberg began his career in 1965. He joined New York’s Cravath, Swaine & Moore law firm. He returned to Seattle in 1967, joining Perkins Coie. His role grew to chair of the executive committee.

He served clients such as Boeing and Alaska Airlines. This was within the high-tech sector. Alberg changed the firm’s focus. He moved from public offerings to venture capital. He nurtured local tech companies.

He became an executive VP at McCaw Cellular in 1990, leaving after its AT&T acquisition. In 1995, Alberg co-founded Madrona Venture Group. His partner was William Ruckelshaus. They invested in Impinj, Redfin, Apptio, and Isilon Systems.

He was among Amazon’s earliest backers, inspired by Jeff Bezos’ vision. His $50,000 investment and persuasion gathered $1 million. Alberg joined Amazon’s board in 1996, earning around $21 million by mid-1999. He departed in 2019 after 23 years.

Alberg established Oxbow Farms, a conservation center, and Novelty Hill Winery. He ventured into urban planning and authored “Flywheels: How Cities Are Creating Their Own Futures” (2021).

He backed local journalism. He co-founded Cascade Public Media. This happened by merging Crosscut and KCTS 9. In 2009, he joined Barack Obama’s National Advisory Council on Innovation and Entrepreneurship.

In 2015, Alberg received the Lifetime Achievement Award. This was from Seattle Business Magazine’s Tech Impact Awards. He assisted the Paul G. Allen School of Computer Science and Engineering.

He started Challenge Seattle with former governor Christine Gregoire. The goal was to address civic issues.