peHUB First Read

* Dan Gross: Look out for the cupcake bubble * How to kill a startup: Hire executives instead of entrepreneurs. * Pay gap narrows between early and later-stage VCs, while big buyout firm compensation takes a dive. * Morning Call: U.S. futures point higher ahead of jobs data, London rises early, European shares back on the upswing, the Nikkei hits a 5-week low and Hong Kong shares rally. * Paul Krugman: How did economists get it so wrong? * Fox Business Network officially jumps the shark, agreeing to simulcast Imus during the day's most important hours. * BusinessWeek: Headhunters are in surprising agreement as to which companies they avoid when looking for executive talent.