peHUB First Read

* Jason Freedman: Business school curriculums teach us how to suck at startups * Barney Frank: There is "conceptual agreement" on passing a tougher Volcker Rule * Vin Crosby: The greatest change in the history of media isn't from analog to digital. It's from relative scarcity to surfeit. * Morning Call: U.S. futures point higher, London rises early, European shares climb and the Nikkei gains 1.7%. * Jeff Clavier chimes in on the "panel pile-up" issue * China continues to lift restrictions on private investment * Super Whales: Top social game spenders pay more than $10k each for virtual goods. * Celtic fans walked away happy last night, but hedge fund manager (and minority owner) Jim Pallotta might get into trouble for his actions after Game 3. * IBD sounds the PE overhang alarm. It's right about the capital surplus (we discussed it last week), but I think it's more about poor timing (tons of money raised just before the crash) than about a current/future inability to find big leverage (remember Fidelity National?).