peHUB First Read

* Practical advice for job interviewing at a VC firm * Noam Wasserman on salary inequality among co-founders * Nin-Hai Tseng: Can big banks blog or tweet their way into better reputations? * Morning Call: U.S. futures point higher, London falls early, European shares retreat, the Nikkei hits 18-month high and China shares rise. * A return of cov-light loans? * Profitable lessons from freemium business models * Richard Ferri: Why the S&P 500 is an overused benchmark * Todd Bishop: What Microsoft learned from Jerry Seinfeld and BIll Gates * WSJ's Brett Arends writes about whether individual investors should buy into publicly-traded PE firms like Blackstone, Fortress or (coming soon) KKR. Unfortunately, he seems to miss the most fundamental point: Investing in a PE firm's stock is not equivalent to investing in a PE firm's fund (which remains open only to invited limited partners). A firm's new fund could become top quartile, but there is no guarantee that its success would be reflected in the share price. Moreover, most of the quarter-to-quarter revenue growth/loss on publicly-traded PE firms is based on non-PE-related fee income (capital marketrs groups, advisory groups, etc.). Ok, I'm done now...