# Timothy Hwang

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

## Early life

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

At the age of 14, he founded [Operation Fly](/source/Operation_Fly,_Inc.) after a church missions trip to [Guatemala](/source/Guatemala).[5][6][7]

Hwang attended the [Woodrow Wilson School](/source/Woodrow_Wilson_School) at [Princeton University](/source/Princeton_University), where he was also active in helping to found the National Youth Association (now defunct), a national youth lobby organization.[8] He then was admitted to [Harvard Business School](/source/Harvard_Business_School).

## Business career

In early 2013, as Hwang was finishing his degree at Princeton,[9] he launched FiscalNote along with two friends from high school, Gerald Yao and Jonathan Chen.[10] Hwang deferred his attendance at Harvard Business School to start the company[11] while Yao took a leave of absence from [Emory University](/source/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.[12]

FiscalNote soon moved the company to [Washington, D.C.](/source/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](/source/District_of_Columbia). In 2017, Washington DC Mayor [Muriel Bowser](/source/Muriel_Bowser) announced a major job training program and economic development package alongside Hwang, pioneering a new model for technology development in the city.[13][14][15] Hwang was the protagonist of a [Columbia Business School](/source/Columbia_Business_School) case study in Fall 2015,[16] a 2016-hour-long [Korean Broadcasting System](/source/Korean_Broadcasting_System) Documentary (Sympathy: Tim Hwang at the Center of Korea's Attention),[17] and a [South Korean](/source/South_Korea) biography "24 Year Old Tim Hwang: The CEO that the World is Paying Attention To."[18] Hwang has been widely criticized for making critical comments in the [South Korean](/source/South_Korea) media about the health of the Korean economy, stating that "the Korean economy is like a patient with crutches."[19]

During the [COVID-19 pandemic](/source/COVID-19_pandemic), Hwang fired 30 staff from the CQ [Roll Call](/source/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.[20] 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.”[21]

Hwang has also been criticized for his handling of FiscalNote during his tenure as CEO, which saw the company's stock plummet, as it lost 95% of its initial value.

## Philanthropy

Hwang is a Trustee on the Board of the [Community Foundation](/source/Community_Foundation) of the National Capital Region, a member of the Board of the [Afterschool Alliance](/source/Afterschool_Alliance), a member of [The Economic Club of Washington, D.C.](/source/The_Economic_Club_of_Washington,_D.C.), and the Young Presidents Organization.[22]

## References

1. ["30 Under 30 2016: Law & Policy"](https://www.forbes.com/30-under-30-2016/law-policy/#309e3dba7ea7). *Forbes*

1. ["How FiscalNote Gets Ahead of Government (So You Don't Have to)"](http://www.inc.com/jeremy-quittner/2016-30-under-30-fiscalnote.html). *Inc.com*. June 2, 2016.

1. Peck, Louis (March 24, 2014). ["Is This the Next Bill Gates?"](https://moco360.media/2014/03/24/timothy-hwang-is-this-the-next-bill-gates/). *Bethesda Magazine*

1. ["Wootton HS Junior Tim Hwang Elected Student Member of the Board"](https://ww2.montgomeryschoolsmd.org/press/index.aspx?pagetype=showrelease&id=2514). Montgomery County Public Schools. May 1, 2009.

1. Kinzie, Susan (July 12, 2009). ["The Fresh Faces of Philanthropy"](https://www.washingtonpost.com/wp-dyn/content/article/2009/07/11/AR2009071102667.html). *Washington Post*

1. ["Nonprofit, founded by students, expands nationally"](http://ww2.gazette.net/stories/12102008/potonew200054_32477.shtml). *ww2.gazette.net*. [Archived](https://web.archive.org/web/20120322090148/http://ww2.gazette.net/stories/12102008/potonew200054_32477.shtml) March 22, 2012 at the Wayback Machine.

1. ["Tim Hwang: Freshman in the Forefront of the Non-Profit Sector"](https://www.hercampus.com/school/princeton/tim-hwang-freshman-forefront-non-profit-sector-0/). *[Her Campus](/source/Her_Campus)*. April 2, 2011.

1. Restauri, Denise (September 7, 2012). ["Meet The New "Balancers" -- The College Students Who Figured Out How To Do It All"](https://www.forbes.com/sites/deniserestauri/2012/09/07/meet-the-new-balancers-the-college-students-who-figured-out-how-to-do-it-all/). *[Forbes](/source/Forbes)*

1. Quora (February 9, 2016). ["CEO of FiscalNote On The Challenges Of Starting The Company As A College Student"](https://www.huffpost.com/entry/ceo-of-fiscalnote-on-the_b_9194506). *[Huffington Post](/source/Huffington_Post)*

1. Schomer, Stephanie (August 30, 2017). ["This 25-Year-Old Entrepreneur Is Trying to Do the Impossible: Make Sense of the Government"](https://www.entrepreneur.com/leadership/this-25-year-old-entrepreneur-is-trying-to-do-the/298157). *[Entrepreneur](/source/Entrepreneur_(magazine))*

1. ["Tim Hwang - profile"](https://helena.org/members/tim-hwang). *Helena.org*

1. ["The FiscalNote Origin Story"](https://fnaweso.me/the-fiscalnote-origin-story-425057829a3d?gi=61f7d9d863af). FiscalNote Insights. March 16, 2015.

1. ["Mayor Bowser to Announce New Tech Job Training Opportunities"](https://mayor.dc.gov/release/mayor-bowser-announce-new-tech-job-training-opportunities). *mayor.dc.gov*. June 21, 2017.

1. Babcock, Stephen (June 23, 2017). ["FiscalNote plans new DC headquarters, tech training"](https://technical.ly/dc/2017/06/23/fiscalnote-dc-headquarters/). *Technical.ly*

1. ["FiscalNote, represented by Jones Lang LaSalle and backed by D.C., to move and expand"](https://web.archive.org/web/20170625082006/http://www.bizjournals.com/washington/news/2017/06/22/a-year-later-fiscalnote-on-the-move-again.html). *Washington Business Journal*. Archived from [the original](https://www.bizjournals.com/washington/news/2017/06/22/a-year-later-fiscalnote-on-the-move-again.html) on June 25, 2017.

1. ["FiscalNote: Taking on the Big Guys in Information Technology"](https://www8.gsb.columbia.edu/caseworks/node/559). Columbia Business School. December 11, 2015.

1. ["'다큐공감' 24살 한국청년 황태일, LTE급 추진력"](https://www.polinews.co.kr/news/article.html?no=266766) ['Documentary' 24-year-old Korean young man Hwang Tae-il, LTE-level momentum] (in Korean). *polinews.co.kr*. March 12, 2016.

1. ["24세 황태일 – 그는 왜 세계가 주목하는 한국 청년 CEO인가?"](http://www.kyobobook.co.kr/product/detailViewKor.laf?barcode=9791186562390) [24-year-old Hwang Tae-il – Why is he a young Korean CEO that the world is paying attention to?] (in Korean). *kyobobook.co.kr*. September 5, 2016.

1. [""제조업 강하지만 미래산업 약한 한국은 목발 짚은 환자""](https://web.archive.org/web/20190327112058/https://www.hankyung.com/article/2017110172731) ["Korea is strong in manufacturing but weak in future industries, a patient on crutches"] (in Korean). *hankyung.com*. November 1, 2017. Archived from [the original](http://news.hankyung.com/article/2017110172731) on March 27, 2019.

1. Nover, Scott (April 2, 2020). ["Dozens Fired at CQ Roll Call, a Publication Known for Reporting Inside Washington"](https://www.adweek.com/digital/dozens-fired-at-cq-roll-publication-known-for-reporting-inside-washington/). *[AdWeek](/source/AdWeek)*

1. Medici, Andy (February 19, 2020). ["Inside FiscalNote's turbulent 2019 and its CEO's plans for 2020"](https://www.bizjournals.com/washington/news/2020/02/19/exclusive-inside-fiscalnotes-turbulent-2019-and.html). [Washington Business Journal](/source/Washington_Business_Journal). [Archived](https://web.archive.org/web/20230519060927/https://www.bizjournals.com/washington/news/2020/02/19/exclusive-inside-fiscalnotes-turbulent-2019-and.html) May 19, 2023 at the Wayback Machine. Retrieved May 19, 2023.

1. ["Timothy Hwang – Agenda Contributor"](https://www.weforum.org/agenda/authors/timothy-hwang). *World Economic Forum*

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Adapted from the Wikipedia article [Timothy Hwang](https://en.wikipedia.org/wiki/Timothy_Hwang) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Timothy_Hwang?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.