peHUB First Read

* Jeffrey Katz: The recent increase in earnout provisions will likely result in numerous post-acquisition disputes. * The House of Reps add new exemptions (i.s. tomorrow's loopholes) to their investment fund registration bill, including one for funds with $150 million or less in committed capital. * BusinessWeek asks "Who Will Be the Green VC Giant?" Unfortunately, the mag apparently is stuck in a past decade, believing that only Kleiner Perkins and Vinod Khosla are viable contenders for the crown. * Morning Call: U.S. futures point lower, London falls early, European shares hit 3-week low, the Nikkei gets dragged down by tech and Shanghai edges higher. * For Silicon Valley entrepreneurs, failure is an option. * Bleeding Biotech: Must Congress do more to encourage biotech investment? * Remember when John Reed helped kill Glass-Steagall? Well, now he wants it reanimated. * Tweet of the Day, from @george_chen: "I spent 1 year in Beijing to lobby officials for IPO. I had 3 daily tasks: Eat, drink and something else you can guess," says a dealmaker.