Tom Alberg Net Worth 2022: Early Amazon investor Tom Alberg to leave board, 23 years after betting on Jeff Bezos’ little startup

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Tom Alberg Net Worth

Tom A. Alberg is the Company’s Independent Director. Since September 2000, he has served as a member of our board of directors. Since September 1999, Mr. Alberg has been the managing director of Madrona Venture Group, LLC, a venture capital business, and, since January 1996, a principle of Madrona Investing Group, LLC, a private investment firm. Mr. Alberg worked as president of LIN Broadcasting Corporation, executive vice president of McCaw Cellular Communications, Inc., and executive vice president of AT&T Wireless Services before co-founding Madrona Investment Group.

Tom A. Alberg is the Company’s Independent Director. Since September 2000, he has served as a member of our board of directors. Since September 1999, Mr. Alberg has been the managing director of Madrona Venture Group, LLC, a venture capital business, and, since January 1996, a principle of Madrona Investing Group, LLC, a private investment firm. Mr. Alberg worked as president of LIN Broadcasting Corporation, executive vice president of McCaw Cellular Communications, Inc., and executive vice president of AT&T Wireless Services before co-founding Madrona Investment Group.

Previously, he served as executive committee chair and partner at Perkins Coie, the biggest law firm in the Pacific Northwest. From 1996 until 2019, Mr. Alberg served as a director of Amazon.com, Inc., a publicly listed online retailer. Mr. Alberg holds a Bachelor of Arts in international politics from Harvard University and a Juris Doctor from Columbia Law School.

Net Worth $400,000
Date Of Birth 1940-01-01
Occupation Founder and managing partner, Madrona Venture Group
Profession Casting Director, Casting Department
Education Columbia Law School
Spouse Judi Beck
Nicknames Alberg, Tom, Tom Alberg

Mr. Alberg Pi Stock Sec Form 4 Insiders Trading

Since 2011, Tom has made more than 33 transactions of Impinj Inc shares, according to his SEC Form 4. On October 23, 2020, he most recently exercised 3,411 units of PI stock valued $239,795.
On July 31, 2019, he sold 35,714 shares of Impinj Inc stock valued at about $1,340,704. This was his largest transaction ever. Since 2003, Tom has traded an average of 1,952 units every 43 days. He still holds at least 80,518 units of Impinj Inc shares as of 23 October 2020.
Mr. Alberg’s entire stock trading history is included at the bottom of the page.

Tom Alberg Net Worth

What is the Salary of Tom Alberg?

As the Independent Director of Impinj Inc, Tom Alberg receives a total pay of $137,330 at Impinj Inc. Chris Diorio has the highest remuneration at Impinj Inc, which is $4,290,510, followed by six other executives.

Tom Alberg Net Worth

Tom A. Alberg’s birth date was February 12, 1940. He was an American businessman and attorney who formed the venture capital firm Madrona Venture Group and served as its managing partner. From June 1996 until May 2019, he was an Amazon.com director.
Tom Alberg is the son of Miriam Twitchell and Thomas A. Alberg.

Tom Alberg attended Ballard High School in Seattle before graduating from Harvard University in 1962 with a BA in International Affairs. He furthered his study at Columbia Law School, where he got a Juris Doctor degree. Alberg was the chairman of the executive committee and a partner at the substantial Northwest law firm Perkins Coie.

Prior to establishing Madrona Venture Group in 1995, he was president of LIN Broadcasting Corporation from 1991 to 1995 and executive vice president of AT&T Wireless Services from 1990 to 1994.
2015 saw Alberg receive the Lifetime Achievement Award at the Tech Impact Awards sponsored by Seattle Business Magazine. His affiliations with Amazon.com and Madrona Venture Group were noted. Novelty Hill Winery was co-founded by Alberg and winemaker Mike Januik.

Tom Alberg Net Worth

How Old is Tom Alberg?

Tom Alberg is 80 years old and has served as an Independent Director of Impinj Inc. since 2000. Impinj Inc. has no executives who are older than 14 who are younger

Amazon investor Tom Alberg to leave board

Tom Alberg, the company’s longest-serving board member, is resigning more than 23 years after placing a wager on a fledgling business named Amazon.com.

Alberg, 79, was an early investor in Amazon and a member of its initial board of directors. He remained with the firm for more than two decades as it evolved from an online retailer to a $900 billion global digital powerhouse with over 600,000 people. Amazon confirmed Thursday morning in its annual proxy statement that Alberg will not seek re-election at the forthcoming annual meeting.

Alberg stated in an interview with GeekWire that it was his decision to leave the board the following month.

“It’s been a fascinating experience, but I’m also a firm believer that we must create place for new directors and assist in making that possible,” he added.

This year, Amazon welcomed two new board members: former PepsiCo CEO Indra Nooyi and Starbucks executive Rosalind Brewer. Following Alberg’s resignation, the board will consist of 10 members.

Alberg stated, “One of our aims is to maintain the board relatively modest and not simply continually adding members, so I offered to assist establish a rotation.” He will continue to serve as managing director for Madrona Venture Group, the Seattle-based venture capital firm he co-founded in 1995.

Today, Amazon disclosed that Alberg holds 15,648 shares, including 3,450 shares held through a charity trust over which he presides. That is around $29 million worth of Amazon stock, which was selling at approximately $1,846 per share on Thursday, or a minuscule fraction of 1 percent of Amazon’s entire shares.

This morning, Bezos tweeted about Alberg, describing him as “a talented businessperson and an even greater human being.”

Alberg, a former leader of the law firm Perkins Coie and former executive at McCaw Cellular Communications, met Bezos for the first time in 1995, shortly after the Amazon CEO quit his New York hedge fund position and founded the online bookshop from his garage in Bellevue, Washington.

Bezos aimed to raise $1 million for his young company. Alberg recognised potential in Bezos’ entrepreneurial prowess and the company’s early financials, although others baulked at the $6 million value. Bezos and Alberg both believed that the internet will revolutionise commerce.

Alberg and former Kleiner Perkins chairman John Doerr (who resigned in 2010) would eventually join Bezos on Amazon’s new board after the business raised its sole venture round prior to going public in 1997.

According to Business Insider, Alberg had 195,000 shares at the time, which would be worth billions now following stock splits and without dilution.

“I don’t believe Jeff or any of us knew what Amazon would become when it began,” Alberg added. “We believed selling books on the Internet to have genuine potential, but we focused on selling books. Maybe we could ultimately sell CDs.”

Alberg described a meal in early 1997 with Bezos and Barnes & Noble executives who were planning to launch their own website. Barnes & Noble was the market-leading book retailer at the time.

The message from Barnes & Noble’s owners, the Riggio brothers, was, “We’re going to bury you, but we like you and would want to make a deal.” They proposed a combined website or perhaps the acquisition of Amazon.

“We decided to do it ourselves,” Alberg remembered. Even at that time, I believe Jeff sensed a promising future and was unwilling to sell up early.

That proved to be a wise move. Amazon now controls not only the online book sector, but also e-commerce as a whole and other industries, like cloud computing and speech technologies. In an ironic turn of events, Amazon is now reported to purchase Barnes & Noble.

Summary

Tom Alberg is an Independent Director of Impinj. Mr. Alberg holds a Bachelor of Arts in international politics from Harvard University and a Juris Doctor from Columbia Law School. Since 2003, Tom has traded an average of 1,952 units every 43 days. He was an early investor in Amazon and was on the company’s initial board of directors. He will not seek re-election at the annual meeting in May.

Will continue to serve as managing director for Madrona Venture Group, his venture capital firm. Amazon co-founder Bertil Alberg holds around $29 million worth of Amazon stock. He met Jeff Bezos in 1995, shortly after the Amazon CEO quit his New York hedge fund position and founded the online bookshop. Today, Amazon disclosed that Alberg owns 15,648 shares of the company’s stock.

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