It’s the million-dollar question in Washington: What is the government going to do next?
In Tim Hwang’s case, though, the answer is worth closer to $1.2 million.
That’s the amount of seed funding Hwang and his two co-founders got last week for their technology start-up, FiscalNote, which uses data-mining software and artificial intelligence to predict future government actions; for instance, whether legislation will pass or a regulatory proposal will be approved.
For the past three months, the company has been working out of an office in Silicon Valley, pitching to investors and recruiting computer engineers. Now, with funding in hand and a team of nine, they are moving their venture back to Maryland.
“On the West Coast, the advantages are definitely financing and talent,” Hwang said in an interview, noting that his company recently closed up shop in California and is moving into its new office in Bethesda — a short drive from where all three founders went to Rockville’s Wootton High School.
“Now, we’re coming back to D.C. and the East Coast because that’s where our customers are,” he said. “We can always fly back to the Bay Area if we need more engineers or more funding, but during the early days for a start-up, it’s critical to be close to your customers.
Hwang started working on FiscalNote after serving as president of the National Youth Association, a lobbying group for millennials, and working as a field organizer for theObama presidential campaign in 2008. Keeping track of …