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.---The Riff is a part of the Turpentine podcast network. Learn more: https://turpentine.co---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 productivityWatch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checksApple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv---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.---Thanks to our sponsor: SHOPIFYShopify is the global commerce platform that helps you sell at every stage of your business. Shopify powers 10% of all e-commerce in the US. And Shopify’s the global force behind Allbirds, Rothy’s, and Brooklinen, and 1,000,000s of other entrepreneurs across 175 countries. From their all-in-one e-commerce platform, to their in-person POS system – wherever and whatever you’re selling, Shopify’s got you covered. With free Shopify Magic, sell more with less effort by whipping up captivating content that converts – from blog posts to product descriptions using AI. Sign up for $1/month trial period: https://shopify.com/momentofzen---LINKS:Byrne's writing: https://thediff.co---X / TWITTER:@eriktorenberg (Erik)@byrnehobart (Byrne)@turpentinemedia (Turpentine)---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---The Riff is a production from TurpentineProducer: Sam KaufmanEditor: Seven MorrisFor guest or sponsorship inquiries please contact Sam@turpentine.co This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit theriffpodcast.substack.com