Who Owns FiscalNote Company?

FiscalNote Bundle

Get Full Bundle:

	SWOT	$15	$10
	5 FORCES	$15	$10
	BCG	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10

TOTAL:

ADD TO CART

Who Really Owns FiscalNote?

Unraveling the intricate web of FiscalNote SWOT Analysis ownership is key to grasping its strategic direction and market influence. From its inception to its current status as a publicly traded entity, FiscalNote's ownership story is a dynamic tale of funding rounds, strategic acquisitions, and the ever-shifting landscape of the political intelligence sector. Understanding who controls FiscalNote is paramount for anyone seeking to understand its future trajectory.

This deep dive into FiscalNote ownership will explore its evolution, starting with its founders and early investors, and moving through significant funding rounds and the impact of its public listing. We'll examine the current ownership structure, including public shareholders, institutional investors, and any notable shifts in ownership. This analysis is essential for investors and business strategists keen on understanding FiscalNote's operational strategies, financial performance, and future growth prospects, including details on FiscalNote investors and the company's leadership.

The FiscalNote company was established in 2013. The company's inception was the result of the collaborative efforts of Tim Hwang, Gerald Yao, and Jonathan Chen, who co-founded the venture. Their combined expertise laid the foundation for what would become a significant player in the data and analytics sector.

The founders brought diverse skills to the table. Tim Hwang, as CEO, leveraged his experience in technology and political engagement. Gerald Yao, the Chief Strategy Officer, focused on product development and strategic partnerships. Jonathan Chen, the Chief Technology Officer, was crucial in building the initial technological infrastructure.

The initial ownership structure of FiscalNote involved the founders and early investors. While the exact equity distribution at the outset isn't publicly available, it's common for founders to retain substantial control. Early backers included angel investors and venture capital firms. These early investments were vital for developing FiscalNote's core technology and expanding its market reach.

Founder Roles

Tim Hwang served as CEO, bringing tech and political experience. Gerald Yao was the Chief Strategy Officer, focusing on product development. Jonathan Chen was the CTO, building the initial tech infrastructure.

Early Funding

Early funding came from angel investors and venture capital firms. These investments were critical for early development and market expansion. Seed funding supported the creation of the core technology.

Ownership Dynamics

Founders likely held significant control through common stock and special voting rights. Early agreements included vesting schedules to ensure commitment. Buy-sell clauses may have been in place for ownership transitions.

Vision and Strategy

The founders aimed to democratize access to legislative and regulatory data. This vision guided the initial distribution of control. The goal was to maintain agility and rapid development.

Initial Focus

The company's initial focus was on providing data and analytics services. This included tracking legislation and regulations. The early platform was designed for efficient data access.

Early Market Entry

The company entered the market with a focus on providing valuable insights. This approach helped FiscalNote gain early traction. The initial market strategy was data-driven.

The early ownership structure set the stage for FiscalNote's growth. The founders' vision and the backing of early investors enabled the company to develop its core technology and expand its reach. For more details about the business model, you can read about the Revenue Streams & Business Model of FiscalNote.

Key Takeaways

The founders' backgrounds and early investments were crucial to the company's initial success. Early ownership likely involved significant founder control and venture capital backing.

• Tim Hwang, Gerald Yao, and Jonathan Chen co-founded the company.
• Early investors included angel investors and venture capital firms.
• The founders' vision was to democratize access to legislative and regulatory data.
• The company's initial focus was on providing data and analytics services.

FiscalNote SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

The evolution of FiscalNote's ownership structure marks a significant journey from its inception to its current status as a publicly traded entity. A pivotal moment occurred on August 1, 2022, when FiscalNote transitioned to the New York Stock Exchange (NYSE) under the ticker symbol 'NOTE'. This transition was facilitated through a merger with Duddell Street Acquisition Corp., a special purpose acquisition company (SPAC). This strategic move valued the company at an initial market capitalization of around $1.3 billion, introducing a wide array of public shareholders and diversifying its ownership base beyond its initial private investors. This shift significantly impacted the company's operational dynamics and strategic direction.

The shift to public ownership has brought about increased transparency and liquidity for FiscalNote. This change also subjected the company to greater scrutiny from public markets and institutional investors, influencing its strategy towards profitability and market expansion. The company's focus on growth and market penetration has been a key element in its post-IPO strategy, as highlighted in this article about the Growth Strategy of FiscalNote.

As of early 2025, the major stakeholders in FiscalNote include a mix of institutional investors, mutual funds, and individual insiders, including the founders. Institutional ownership is substantial, with firms like Vanguard Group Inc., BlackRock Inc., and State Street Corp. holding notable positions. For instance, as of the end of 2024, Vanguard Group Inc. held approximately 4.5% of outstanding shares, while BlackRock Inc. held around 3.8%. Founder Tim Hwang continues to hold a significant stake, although his percentage ownership has been diluted through various funding rounds and the public listing. Venture capital and private equity firms that invested in earlier rounds, such as Renren Inc., also continue to hold positions, though their relative ownership has decreased post-IPO.

FiscalNote Ownership Overview

FiscalNote's ownership structure has evolved significantly, with a major shift upon becoming a public company. The company's major stakeholders include institutional investors, mutual funds, and individual insiders.

• FiscalNote is a public company.
• Major institutional investors include Vanguard and BlackRock.
• Founder Tim Hwang remains a significant shareholder.
• Ownership structure continues to evolve with market dynamics.

FiscalNote PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

As of early 2025, the board of directors for the FiscalNote company includes a blend of individuals representing significant shareholders, the founding team, and independent directors. Tim Hwang, the CEO and co-founder, holds a key position, reflecting the founders' ongoing influence. The board also features members with expertise in technology, finance, and government, with a notable presence of independent directors to ensure impartial governance. The composition of the board is crucial for providing strategic guidance and oversight, influencing the company's direction.

Specific board members often represent major institutional investors, although their direct affiliations might not always be explicitly stated. Their presence signifies the substantial investments made by their respective firms. The board's structure is designed to balance various interests, ensuring both strategic direction and accountability. Understanding the composition of the board is vital for investors and stakeholders to assess the company's governance and strategic focus. The board's decisions directly impact the company's strategic direction, capital allocation, and executive compensation, influencing its long-term performance.

FiscalNote operates with a standard one-share-one-vote structure for its common stock, common for public companies. Details regarding any potential dual-class share structures or special voting rights would be available in the company's SEC filings. Although there haven't been any widely publicized proxy battles or activist investor campaigns as of early 2025, shareholders can influence decision-making through annual meetings and voting on key proposals. The board's structure and voting system are critical for shaping the company's strategic direction. For more insights, consider exploring the Marketing Strategy of FiscalNote.

Key Takeaways on FiscalNote's Board and Voting

The board of directors balances founder representation, major shareholder interests, and independent oversight.

• Tim Hwang, CEO and co-founder, plays a key role.
• The company typically uses a one-share-one-vote structure.
• Shareholders can influence decisions through voting.
• Board composition impacts strategic direction and performance.

FiscalNote Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

Over the past few years, the ownership structure of the FiscalNote company has seen significant shifts. The transition to a publicly traded company in August 2022 introduced a new class of shareholders, leading to a natural dilution of earlier investor stakes. This is a common trend as companies mature and seek broader capital markets.

Since going public, FiscalNote has experienced a rise in institutional ownership. Major asset managers have increased their positions as the company demonstrates sustained growth. The company's strategic moves, such as the 2024 acquisition of Factiva Public Sector from Dow Jones, have also indirectly influenced ownership by altering the company's valuation and attractiveness to investors. Founder Tim Hwang remains a significant shareholder and CEO, but the trend in public companies generally shows founder dilution over time.

Looking ahead, future ownership changes could be influenced by market performance, further strategic acquisitions, or potential leadership succession plans. The investment community will closely monitor these developments. Industry trends suggest a growing interest from activist investors in the technology and data sectors, although FiscalNote has not been a specific target as of early 2025. For more insights, consider reading about the company's operations and structure.

FiscalNote Ownership Overview

FiscalNote's ownership structure has evolved since its IPO in August 2022. Institutional investors have increased their holdings. Founder Tim Hwang remains a key shareholder and CEO.

Key Ownership Trends

There have been no major share buybacks or secondary offerings. Strategic acquisitions, like the Factiva Public Sector deal, have indirectly impacted ownership. Market performance and leadership changes could influence future ownership.

Impact of Acquisitions

Acquisitions like the Factiva deal influence FiscalNote's valuation. This can affect investor interest and ownership dynamics. Strategic moves are key to growth.

Future Outlook

The investment community will closely watch future developments. Market performance and leadership changes are key factors. Activist investor interest is a trend to monitor.

FiscalNote Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔

Related Blogs