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Home»Startup»How an understated investor had an outsized impact on Seattle tech – Startup
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How an understated investor had an outsized impact on Seattle tech – Startup

August 9, 2022No Comments4 Mins Read
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How an understated investor had an outsized impact on Seattle tech – GeekWire
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Tom Alberg, co-founder of Madrona Enterprise Group, speaks at an occasion in 2015. (Startup File Picture)

Tom Alberg might be remembered publicly for all the pieces he did to assist create and form the Seattle area’s tech trade, and for his early funding in Amazon, seeing the potential of the web, and serving to to present Jeff Bezos the capital he wanted to get the corporate off the bottom.

Nonetheless, it was the way in which Alberg interacted with individuals behind the scenes that can depart the largest impression on a lot of these he labored with throughout his lengthy profession as a lawyer, investor, and enterprise and civic chief.

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Tom Alberg, 1940-2022: Early Amazon investor was a champion of Pacific Northwest tech

That’s the clear message from a collection of tributes to Alberg posted on-line over the weekend by his many buddies and former colleagues following the information this weekend of his demise at 82 years outdated.

“Tom did all this work behind the scenes, away from the limelight,” wrote his Madrona Enterprise Group colleagues of their remembrance of Alberg’s life.

“He needed the founders and the leaders of the organizations he supported to shine whereas he helped them as a mentor and advisor. He got here from a easy starting within the Ballard neighborhood of Seattle, a grandson of immigrants, and helped discovered and construct many extraordinary corporations and organizations that all of us profit from. And, that model of understated influence pervaded how he served others.”

Kathryn Sheehan, vice chairman and affiliate basic counsel, held Alberg up for instance of the influence that board members can have on corporations, in his 23 years on the Amazon board.

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“I’ve personally discovered a lot from my interactions with Amazon’s board, and Tom Alberg was no exception,” Sheehan wrote on LinkedIn. “He was understated, devoted, and he may all the time ask a probing query that might make me take into consideration my work in another way.”

Greg Gottesman, who labored with Alberg at Madrona for a few years, remembered being shocked to search out him studying a ebook about quantum physics: “He mentioned, matter-of-factly, ‘Oh, I need to perceive this.’ That was Tom.”

Gottesman, now co-founder and managing director at Pioneer Sq. Labs, additionally recalled Alberg’s response in 1999 to the information that Amazon had agreed to accumulate LiveBid, a startup led by Matt Williams, a founder they have been working with.

“I’ll always remember Tom’s expression of pure glee for Matt, ‘Isn’t that simply the best factor ever?’ he mentioned. That was the second I understood the magic of Tom,” Gottesman wrote in a submit on LinkedIn on Sunday.

Describing Alberg’s “uniquely empowering administration model,” Gottesman wrote that he was “a troublesome choose of expertise, however when he believed in you he would offer you huge latitude to make errors (and extra errors) and hopefully accomplish nice issues, at the same time as a really younger skilled.”

Williams, who discovered Professional.com after working at Amazon, informed his a part of the story in a touch upon Madrona’s LinkedIn submit about Alberg. He remembered Alberg approaching him, enthusiastic about investing within the firm, after Williams gave a pitch to the Alliance of Angels.

“It was magical when Tom smiled ear to ear,” Williams wrote.

Julie Sandler, managing director at Pioneer Sq. Labs, who additionally labored with Alberg beforehand at Madrona, remembered the influence he had on her early profession in her personal submit on LinkedIn.

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“As his inexperienced, 20-something affiliate, from my first day on the job he approached each dialog with me like I used to be one in all his long-time companions,” Sandler wrote. “It took my breath away. It lifted me up. I all the time keep in mind this right now when working with youthful colleagues: how empowering it’s to expertise that stage of belief, perception, and kindness. I really feel such gratitude to him for what he taught me. Might all of us reside as much as his instance.”

See our earlier story for extra on Alberg’s influence, and details about donations; and see Madrona’s LinkedIn submit for extra tributes and remembrances from those that labored with and knew Alberg throughout his life and profession.



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