peHUB First Read

* Ben Horowitz: The case for the fat startup * John Terrill: The moral imperative of investment banking * Larry Cheng: The tension between an optimistic CEO and a conservative CFO * Morning Call: U.S. futures point lower, London falls early, European shares slip on banks, the Nikkei loses 1% and tightening fears drop China and Hong Hong shares. * Micropayments and Subscriptions: How business models for startups are shifting * The men's NCAA tourney begins in just a few hours, and we've got our own pool going on (with prizes, of course). Get the sign-up info here. * Speaking of basketball, the hedgies crushed the PE pros in their annual charity game * Biz Insider goes beyond the NYC vs. Silicon Valley pissing match, and lists the 20 NYC startups you need to watch. * Scott Shane: America may benefit from policies that make it easier for certain immigrants to start businesses in this country (i.e., Startup Visa Act), but the basis should not be perceived differences in entrepreneurial aptitude between immigrants and the native-born. (as an aside: Has anyone seen a cogent argument against Startup Visa? I haven't)