FoundersX Portfolio News
FiscalNote to be listed on Nasdaq as NOTE upon SPAC Deal
Updated: Nov 16, 2021
Big Congrats to Tim and FiscalNote! A new beginning with great adventures ahead.
11-12-2021, FiscalNote to be listed on Nasdaq as NOTE upon SPAC deal closure.
The FiscalNote Story
While working in government, Tim Hwang noticed that getting access to easily consumable legislative and regulatory activity -- whether at the local, state, or federal level -- was challenging. By harnessing modern technology such as machine learning and natural language processing, Tim knew he could bring clarity to these unstructured and disparate government data sources, ultimately helping people and organizations better understand and act on the issues that mattered to them.
In June 2013, Tim and childhood friends Gerald Yao and Jonathan Chen flew from Maryland to Silicon Valley, spending the summer working out of a Motel 6, with the goal of transforming Tim’s idea into reality. A few months later, the three returned to the east coast with investment capital -- and validation -- from Mark Cuban, Jerry Yang, and New Enterprise Associates (NEA) to take that idea and build a company. FiscalNote was born.
Since then, we’ve believed that leveraging technology is the key to providing transparency into the policy, people, and geopolitics shaping today’s world. That guiding principle was just as true in 2013 as it is today. Our technology sustains products and services that power more than 5,000 clients around the world -- from small nonprofits to government agencies to large corporations (including more than half of the Fortune 100) -- with patented technology, expert analysis, and AI-powered data. Although our team and products have evolved significantly over time, we’ve never wavered from our north star to deliver novel, innovative, and compelling solutions to meet today’s most pressing challenges.