peHUB First Read

* RRE Ventures: Not every entrepreneur deserves a trophy * Justin Fox: What business should want out of financial regulatory reform * FINRA tells the SEC (.pdf) that it would be "delighted" to help regulate PE placement agents, per the SEC's request. This means that the proposed federal ban is all but history. * Morning Call: U.S. futures point higher, London rises early, European shares rally, the Nikkei hits 8-week closing high and strong days for both China and Hong Kong shares. * Mobile startup takes on drug counterfeiters * Gordon Brown tables new European PE/hedge fund regulations * Ho Nam: What's with all this talk of entrepreneurial failure? * Coming soon: A sitcom about life in Silicon Valley, written by Fake Steve Jobs and a former Seinfeld scribe. * David Crow: Canadian entrepreneurs need to take responsibility for their industry, not blame others for its failure.