Future lawyers, pay close attention!! Did you know that you can now find more government information? The new start up, called FiscalNote, was designed for organizations facing government impact. FiscalNote is the platform for professionals to plan and execute their organization’s government risk strategy. Organizations rely on FiscalNote, because of its accurate and relevant information, cutting-edge analytics, and ease of use. This unique company is taking off at a high rate with no signs of slowing down; FiscalNote has made over $18 million in funding since its launch back in 2013. They have also grown to some 100 employees. The only question remaining now is, who came up with this brilliant idea?
Timothy Hwang, a Princeton graduate, founded the company at the age of 21. His entrepreneurial mind started at a must younger age however. At the age of 14, he founded Operation Fly, Inc., which he founded after a trip to Guatemala. He quickly gained national prominence and eventually won the Ernst and Young Youth Entrepreneur of the Year Award for the Greater Washington Area at the age of 17. The organization was best known for its “Sheets for Streets” program that handed out blankets to the homeless and “Packs for Backs” programs that handed out backpacks filled with school supplies to underprivileged children.
Being an entrepreneur his whole life, Timothy knew what it took to get the job done. In a recent interview with “Business Rockstars,” Timothy sat down and explained his 4 insights to developing a successful start up company. The first insight was to pick the right people. “You are the average of the five people that you hang out with,” is one of the biggest pieces of advice that Tim has received from his personal mentors. As a result, the people who Tim surround himself with are all driven, motivated and passionate about what they do. His second insight was to build the right culture. FiscalNote emphasizes a flat and transparent organizational structure. Management and workers alike strive toward the best solutions every day. This gives employees the best chance to be successful. Timothy’s third insight is that it is about the customer, and no one else. “Business fundamentally comes down to one thing — solving one problem for one person over and over again,” Hwang said. In startups, where there are new issues and strategies appearing every day, it’s easy to lose sight of what is most important — the customers. This is the vision that the company lives by and believes is a must to be the best they can be. The final insight that Hwang discusses is to pick the right venture capital partners. He states that Venture capital partners do more than just finance your startup. Investors also help to expand a company’s growth by providing guidance and expertise. Without the help of them, the company would be nowhere close to where it is now.
Order in the Court!! This new company is so unique that everyone is going crazy about it. Go check it out. Who knows, it may save you from legal troubles one day.
If you would like to get a closer look at Timothy Hwang’s 4 insights, check out this link:
https://www.fiscalnote.com/2016/04/26/four-insights-launching-company-ceo-tim-hwang/
By: Brett Pinson