Underdog Labs
Angel networkSan Francisco · Pre-Seed–Seed · 2 people tracked
Investment thesis
Pre-seed, pre-product investors offering boutique accelerator-style support from two partners with a 25-year co-founding relationship and an Expedia exit, sourcing via trusted referrals and favoring belief-driven founders over traction.
Team · 2 people
from the firm's website
David Hehman is an entrepreneur who co-founded and sold five tech companies and runs a boutique startup studio, personally leaning in to de-risk early-stage founders and iterate to product-market fit.
A first-generation dot-com founder who sold his first startup to Expedia in 2000, Alex Chang brings 25+ years and 100+ early-stage investments to pre-seed deals across biotech, climate, and pharmaceuticals.
Frequently asked questions
- What stage does Underdog Labs invest at?
- Underdog Labs invests at the Pre-Seed, Seed stages.
- What is Underdog Labs's typical check size?
- Underdog Labs typically writes checks of $5K – $500K.
- What sectors does Underdog Labs focus on?
- Underdog Labs focuses on AI & Machine Learning, Consumer, Enterprise Software, Healthtech, SaaS.
- Where is Underdog Labs located?
- Underdog Labs is headquartered in San Francisco, US.
- Does Underdog Labs lead rounds?
- Yes, Underdog Labs leads investment rounds.
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