Korean-American FiscalNote Founder Timothy Hwang Lands Forbes List of Future Leaders Under 30
23-year-old Korean-American Timothy Hwang made it to Forbes 2016 list of Future Leaders Under 30, reports revealed Monday.
Forbes featured 30 young entrepreneurs, artists and leaders from 20 categories including consumer tech, sports, entertainment, education, art, law and policy, finance, games, science and food.
Michigan-raised Hwang was selected as the top leader in the law and policy category, The Chosunilbo noted Thursday. He was recognized as an advocate of accessible public education, support for entrepreneurship and other youth-related issues.
Timothy Hwang's greatest achievement was reportedly when he and his two friends founded the computer software and services company FiscalNote in their junior year at Princeton University.
FiscalNote is a sofrware that develops "real-time legislative predictive capabilities as well as enterprise collaboration and visualization tools on campaign finance, demographics, news, and open data to government relations professionals to help them make faster decisions," Crunch Base noted.
The software, developed and founded in April 1, 2013, analyzes data taken from state laws, Congressional regulations and court rulings, allowing users to identify possible outcomes to pending legislations.
Since its conception, the company has grown successfully over the past two years. Reports indicate that it has over $18 million in funding, including $7 million from Chinese social networking platform Renren and currently has 100 employees.
Hwang first came to eminence as a young entrepreneur when he founded Operation Fly, Inc. at the age of 14. He quickly gained national acclaim after winning the Ernst and Young Youth Entrepreneur of the Year Award for the Greater Washington Area at 17. Hwang left Operation Fly, Inc. when he was 18 years old. He subsequently founded Articulance Consulting Group and an analytics tool called Moochr. He later went to build FiscalNote in 2013 with his friends Jonathan Chen and Gerald Yao.
According to Forbes.com, Hwang is currently on a mission to "unlock government data and invent the future of law." Hwang showed interest in politics when he joined the 2008 Barack Obama Presidential campaign to work as a field organizer at the age of 16. His political career grew at the age of 17, after he was elected to a seat on Maryland's Montgomery County School Board.
