E12: How Silicon Valley Became Financially Literate

"The Riff" with Byrne Hobart and Erik Torenberg

On this week's episode of The Riff, Erik and Byrne discuss factor netural hedge funds, the trend of Silicon Valley becoming more financially literate, the opportunity cost of features, and more.

The Riff is sponsored by Shopify: https://shopify.com/momentofzen for a $1/month trial period.

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The Riff is a part of the Turpentine podcast network. Learn more: https://turpentine.co

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Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we cover better dating apps, references as a service, and WeWork for productivity

• Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks
• Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822
• Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv

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We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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Thanks to our sponsor: SHOPIFY

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LINKS:

Byrne's writing: https://thediff.co

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X / TWITTER:

@eriktorenberg (Erik)

@byrnehobart (Byrne)

@turpentinemedia (Turpentine)

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TIMESTAMPS

(00:00) Introduction to the Riff

(00:43) Increasing overlap between tech and finance

(08:25) Factor neutral hedge funds

(18:00) Sponsor | Shopify

(19:30) VC is a compensation scheme masquerading as an asset class

(33:30) Understanding generalists

(40:07) The opportunity cost of features

(45:30) Why grocery stores are like tech companies

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The Riff is a production from Turpentine

Producer: Sam Kaufman

Editor: Seven Morris

For guest or sponsorship inquiries please contact [e-mail]