Timothy Hwang

Last updated
Tim Hwang
Tim Hwang At WEF.png
Tim Hwang at the World Economic Forum, Davos (2018)
Born (1992-02-20) February 20, 1992 (age 31)
East Lansing, Michigan, U.S.
Alma mater Princeton University (Woodrow Wilson School)
Occupation(s)Founder and CEO of FiscalNote
Entrepreneur
Political party Democratic Party
Awards World Economic Forum Technology Pioneer, Forbes 30 Under 30, [1] Inc. 30 Under 30, [2] Ernst & Young Entrepreneur of the Year Award
Website fiscalnote.com

Timothy Taeil Hwang (born February 20, 1992) is an American businessman, the current co-founder and CEO of FiscalNote, a global software, data, and media company.

Contents

Early life

Tim Hwang was born on February 20, 1992, in East Lansing, Michigan, the son of immigrants from South Korea. [3] His family later moved to Potomac, Maryland, where he was elected as the student member of the Montgomery County Board Of Education and graduated from Thomas S. Wootton High School in 2010. [4] [5]

At the age of 14, he founded Operation Fly after a church missions trip to Guatemala. [6] [7] [8]

Hwang attended the Woodrow Wilson School at Princeton University, where he was also active in helping to found the National Youth Association (now defunct), a national youth lobby organization". [9] [10] [11] He then was admitted to Harvard Business School.

Business career

In the Spring of 2013, as Hwang was finishing his degree at Princeton, [12] he launched FiscalNote along with two friends from high school, Gerald Yao and Jonathan Chen. [13] Hwang deferred his attendance at Harvard Business School to start the company [14] while Yao took a leave of absence from Emory University. At the time, FiscalNote began its service as a state legislative tracking service. [3] Hwang, Yao, and Chen, bootstrapped the business with several thousand dollars and incorporated FiscalNote in June 2013. [15]

FiscalNote soon moved the company to Washington, D.C., and raised several rounds of venture capital. The firm has grown to become one of the largest software employers in the District of Columbia. In 2017, Washington DC Mayor Muriel Bowser announced a major job training program and economic development package alongside Hwang, pioneering a new model for technology development in the city. [16] [17] [18] [19] Hwang was the protagonist of a Columbia Business School case study in Fall 2015, [20] a 2016-hour-long Korean Broadcasting System Documentary (Empathy: Tim Hwang at the Center of Korea's Attention), [21] [22] and a South Korean biography "24 Year Old Tim Hwang: The CEO that the World is Paying Attention To." [23] Hwang has been widely criticized for making critical comments in the South Korean media about the health of the Korean economy, stating that "the Korean economy is like a patient with crutches." [24]

During the COVID-19 pandemic, Hwang fired 30 staff from the CQ Roll Call newsroom, with one source telling AdWeek that the layoffs included the entire team of investigative reporters, and all but one staff member from the print magazine team. [25] A month earlier, Hwang had told a reporter with Washington Business Journal that Roll Call was "on track to bring in $100 million in 2020 revenue and turn a profit.” [26]

Philanthropy

Hwang is a Trustee on the Board of the Community Foundation of the National Capital Region, a member of the Board of the Afterschool Alliance, a member of The Economic Club of Washington, D.C., and the Young Presidents Organization. [27]

Related Research Articles

<i>Roll Call</i> American periodical newspaper published from Washington, D.C.

Roll Call is a newspaper and website published in Washington, D.C., United States, when the United States Congress is in session, reporting news of legislative and political maneuverings on Capitol Hill, as well as political coverage of congressional elections across the country.

The District of Columbia Public Schools (DCPS) is the local public school system for Washington, D.C. It is distinct from the District of Columbia Public Charter Schools (DCPCS), which governs public charter schools in the city.

<span class="mw-page-title-main">Carol Schwartz</span> American politician

Carol Schwartz is an American politician from Washington, D.C., who served as a Republican at-large member on the Council of the District of Columbia from 1985 to 1989 and again from 1997 to 2009. A five-time perennial candidate for mayor, she is the only Republican nominee since the restoration of home rule to garner more than 30 percent of the vote. She announced her fifth campaign for Mayor of the District of Columbia on June 9, 2014 finishing behind Muriel Bowser and David Catania. In 2015, she was appointed to the D.C. Board of Ethics and Government Accountability by Mayor Muriel Bowser.

<span class="mw-page-title-main">Muriel Bowser</span> Mayor of the District of Columbia since 2015

Muriel Elizabeth Bowser is an American politician serving since 2015 as the mayor of the District of Columbia. A member of the Democratic Party, she previously represented the 4th ward as a member of the Council of the District of Columbia from 2007 to 2015. She is the second female mayor of the District of Columbia after Sharon Pratt, and the first woman to be reelected to that position.

<span class="mw-page-title-main">2010 Washington, D.C., mayoral election</span>

On November 2, 2010, Washington, D.C., held an election for its mayor. The primary elections occurred on September 14. Vincent Gray won the general election by a wide margin, although many voters wrote in incumbent Mayor Adrian Fenty, whom Gray defeated in the primary.

Sekou Biddle is a politician in Washington, D.C.

Mayoral control of schools is governance over American schools based on the business model, in which the mayor of a city replaces an elected board of education with an appointed board. The mayor may also directly appoint the head of the school system, called the CEO, superintendent or chancellor. Also known as integrated governance, mayoral control of schools is in contrast to the structure it replaces: an elected board that governs schools independently from the formal influence of the mayor.

<span class="mw-page-title-main">Mayor of the District of Columbia</span> Head of the executive branch of the D.C. government

The mayor of the District of Columbia is the head of the executive branch of the government of the District of Columbia. The mayor has the duty to enforce district laws, and the power to either approve or veto bills passed by the D.C. Council. In addition, the mayor oversees all district services, public property, police and fire protection, most public agencies, and the district public school system. The mayor's office oversees an annual district budget of $8.8 billion. The mayor's executive office is located in the John A. Wilson Building in Downtown Washington, D.C. The mayor appoints several officers, including the deputy mayors for Education and Planning & Economic Development, the district administrator, the chancellor of the district's public schools, and the department heads of the district agencies.

<span class="mw-page-title-main">2014 Washington, D.C., mayoral election</span>

On November 4, 2014, Washington, D.C., held an election for its mayor, concurrently with U.S. Senate elections in various states and U.S. House elections and various state and local elections.

<span class="mw-page-title-main">Charles Allen (Washington, D.C., politician)</span> American politician from Washington, D.C.

Charles Allen is an American Democratic politician in Washington, D.C., and member of the Council of the District of Columbia representing Ward 6. He took office on January 2, 2015, after winning the Democratic Party primary and following general election in 2014 and won re-election in 2018.

<span class="mw-page-title-main">Elissa Silverman</span> Washington, D.C. politician

Elissa Silverman is an American politician and reporter from Washington, D.C., the United States capital. She served as an independent at-large member of the Council of the District of Columbia from 2015 to 2023. Before 2015, she was a journalist at The Washington Post and Washington City Paper covering D.C. politics, and a policy analyst at the D.C. Fiscal Policy Institute. She was re-elected in November 2018 for a four-year term, but lost her re-election bid in 2022.

<span class="mw-page-title-main">Brandon Todd (politician)</span> American politician and lobbyist (born 1983)

Brandon Tristan Todd is a lobbyist for Washington Gas and a former American politician who represented Ward 4 on the Council of the District of Columbia. Todd previously worked in the Council office of Muriel Bowser and in various campaign positions during her successful campaign for Mayor of the District of Columbia. Todd won a special election in May 2015, succeeding Muriel Bowser, who was elected as mayor. After serving one full term on the council, Todd lost the 2020 Democratic primary to Janeese Lewis George.

LaRuby Zinea May is an American politician and African American lawyer who formerly represented Ward 8 on the Council of the District of Columbia in Washington, D.C. She won the Ward 8 special election on May 10, 2015, succeeding Marion Barry, who died in office on November 23, 2014. May, who was sworn into office on May 14, 2015, served out the remainder of Barry's term, which ended on December 31, 2016. During her first council term, she was active on the issues of crime and violence, marijuana policy, assisted suicide, and improvements to Advisory Neighborhood Commissions. She criticized the city's emergency medical services department, opposed the creation of a public electrical utility, and applauded the construction of a sports arena in her ward. She was one of the few council members to support the mayor during the FreshPAC scandal, and although she asked Congress to end its school voucher program she also supported a political action committee which supports an expanded voucher and charter school program in the District. She is a member of the Democratic Party.

Trayon White is an American Democratic politician, currently serving as a member of the Council of the District of Columbia, representing Ward 8 of the District of Columbia. Before entering politics, he worked as a grassroots organizer and activist in the communities he would later represent on the Council. He won election to the Council in 2016, his second attempt for the seat held by Marion Barry until Marion's death.

<span class="mw-page-title-main">2018 Washington, D.C., mayoral election</span>

On November 6, 2018, Washington, D.C., held an election for its mayor. Incumbent Democrat Muriel Bowser won re-election, becoming the first Mayor to do so for Washington, D.C., since Anthony A. Williams won a second term in 2002.

<span class="mw-page-title-main">Antwan Wilson</span> American teacher and school administrator

Antwan Wilson is an American teacher and school administrator. He was appointed the Superintendent of the Oakland Unified School District in Oakland, California, in 2014, and resigned effective February 2017. On December 20, 2016, he was confirmed as Chancellor of the District of Columbia Public Schools in Washington, D.C. He began his new position on February 1, 2017.

<span class="mw-page-title-main">Calvin H. Gurley</span> American accountant

Calvin H. Gurley is an accountant and perennial candidate living in Washington, D.C.

<span class="mw-page-title-main">FiscalNote</span>

FiscalNote Holdings, Inc., or commonly FiscalNote, is a publicly traded software, data, and media company headquartered in Washington, D.C. The company was founded by Timothy Hwang, Gerald Yao, and Jonathan Chen in 2013. FiscalNote provides software tools, platforms, data services, and news through the FiscalNote Government Relationship Management (GRM) service, its core product. The company also uses an artificial intelligence platform to analyze proposed US legislation based on key phrases, comparison to similar bills, lists of strengths and weaknesses, a timeline of the committees it has passed, information about the bill's sponsors, and past legislator voting records.

<span class="mw-page-title-main">United Medical Center</span> Hospital in D.C., United States

United Medical Center, formerly Greater Southeast Community Hospital, is the only public hospital in Washington D.C. The 330-bed facility is located in the Washington Highlands neighborhood.

<span class="mw-page-title-main">COVID-19 pandemic in Washington, D.C.</span> Ongoing COVID-19 viral pandemic in Washington, D.C., United States

The first cases relating to the COVID-19 pandemic in Washington, D.C., were reported on March 7, 2020. The city has enacted a variety of public health measures in an attempt to curb the spread of the virus, including limiting business activities, suspending non-essential work, and closing down schools.

References

  1. ↑ "30 Under 30 2016: Law & Policy". Forbes.
  2. ↑ "How FiscalNote Gets Ahead of Government (So You Don't Have to)". 2 June 2016.
  3. 1 2 "Is This the Next Bill Gates?". 24 March 2014.
  4. ↑ "Timothy Hwang Elected New Student Member of the Board". MCPS Bulletin. Montgomery County Public Schools. May 5, 2009.
  5. ↑ Peck, Louis (March 24, 2014). "Is This the Next Bill Gates?". Bethesda Magazine.
  6. ↑ Kinzie, Susan (12 July 2009). "The Fresh Faces of Philanthropy" – via www.washingtonpost.com.
  7. ↑ "Nonprofit, founded by students, expands nationally". ww2.gazette.net. Archived from the original on March 22, 2012.
  8. ↑ "Tim Hwang: Freshman in the Forefront of the Non-Profit Sector". 2 April 2011.
  9. ↑ "Princeton Entrepreneurs". 31 October 2011.
  10. ↑ Restauri, Denise. "Meet The New "Balancers" -- The College Students Who Figured Out How To Do It All". Forbes .
  11. ↑ "KAmerican Post". www.kamerican.com.
  12. ↑ Quora (9 February 2016). "CEO of FiscalNote On The Challenges Of Starting The Company As A College Student". HuffPost .
  13. ↑ Schomer, Stephanie (30 August 2017). "This 25-Year-Old Entrepreneur Is Trying to Do the Impossible: Make Sense of the Government".
  14. ↑ "Tim Hwang - Helena.co". helena.co. Archived from the original on 2018-03-15. Retrieved 2018-03-15.
  15. ↑ "The FiscalNote Origin Story – FiscalNote Insights". 16 March 2015.
  16. ↑ "Mayor Bowser to Announce New Tech Job Training Opportunities - mayormb". mayor.dc.gov.
  17. ↑ "FiscalNote plans new DC headquarters, tech training - Technical.ly DC". 23 June 2017.
  18. ↑ "FiscalNote, represented by Jones Lang LaSalle and backed by D.C., to move and expand - Washington Business Journal". Archived from the original on 2017-06-25.
  19. ↑ "FiscalNote Relocates DC Headquarters". www.cpexecutive.com. 27 June 2017.
  20. ↑ School, Columbia Business (11 December 2015). "FiscalNote: Taking on the Big Guys in Information Technology".{{cite web}}: |first= has generic name (help)
  21. ↑ "다큐 공감 : 세계가 주목하는 한국 청년 CEO 황태일, Documentary Empathy : Korea at the Center of Attention". OnDemandKorea.
  22. ↑ "'다큐공감' 24살 한국청년 황태일, LTE급 추진력". www.polinews.co.kr.
  23. ↑ "24세 황태일".
  24. ↑ ""제조업 강하지만 미래산업 약한 한국은 목발 짚은 환자"". 1 November 2017.
  25. ↑ Nover, Scott (April 2, 2020). "Dozens Fired at CQ Roll Call, a Publication Known for Reporting Inside Washington". AdWeek.
  26. ↑ Medici, Andy (Feb 19, 2020). "Inside FiscalNote's turbulent 2019 and its CEO's plans for 2020". www.bizjournals.com. Washington Business Journal. Archived from the original on 19 May 2023. Retrieved 19 May 2023.
  27. ↑ "Authors". World Economic Forum.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.