peHUB First Read

* John Boyd: Later-stage implications of the seed-stage land rush * Kit Roane: 4 reasons why Texas had a better recession than California * So much for amicable: Larry Schloss, new CIO of New York City, has sued his former partners at Diamond Castle Holdings for $10 million. * Morning Call: U.S. futures point higher on Intel results, London falls early, European shares slip on financials and the Nikkei climbs. * Wrap-up of MobileBeat 2010 * Steve Spillman: Twitter needs to rethink its retweet * Text of Jeff Bezos' graduation speech at Princeton * Rob May: Why entrepreneurs should want VCs who ask tough questions * Hank Paulson supports the financial reform bill. After some arm-twisting, so does Scott Brown. * Saboteur? One of those Russian spies worked at Microsoft. Is it possible he was responsible for all the Windows glitches?