Lily Lyman has lived and worked in more than 75 countries and says she fell in love with entrepreneurship in Puerto Varas, Chile, after a career driving international growth at Facebook, Instagram, WhatsApp, and Messenger, where she helped add over 100 million new users in four years. At Underscore VC, she's drawn to startups that use data and software to modernize customer experience in legacy industries like insurance, with early investments including Hi Marley and Popcart, and she traces her approach back to a lifelong pull toward exploration—from wanting to be an astronaut as a kid to building things from scratch today.
About their Fund
Underscore VC
Sectors
SaaS, Enterprise, AI, Fintech, Web3 / Crypto
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Underscore VC has rewritten venture capital economics by allocating 10% of GP profits to its Core Partner program, financially rewarding thousands of curated operators who are embedded directly into diligence, customer validation, and hiring for portfolio companies in a way that's completely non-dilutive to founders. The firm engineered a rare multi-generational leadership transition by explicitly designing itself to outlast its founding partners, culminating in a planned handoff to a team of former operators led by Lily Lyman.
Other partners at the fund
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12
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Unknown
Pre-Seed - Seed
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$400K - $2M
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Defense
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Energy
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7
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Unknown
Pre-Seed - Series A
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$100K - $5M
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Defense
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7
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Unknown
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$100K - $5M
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2
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Unknown
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$250K - $2M
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Climate
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Materials
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4
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$400K - $1.5M
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Robotics
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7
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$400K - $2M
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Robotics
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2
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Unknown
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Unknown
~$750K
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Fintech
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2
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Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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