First Read

* European venture capital hits the Q2 skids. Lowest number of deals in at least nine years.

* TPG teases another troubled UK lender, before declining to throw a life preserver. Who does David Bonderman think he is? Chris Flowers?

* Latest VC-backed bust: TripHub

* The Biden Economy: Heidi Moore on what Obama’s VP pick means for Wall Street.

* Permira is selling portfolio company Workflow Management to a SPAC.

* Paul Kedrosky: GDP and gold medals. Who spent the most for the least?

* Make sure to get your ticket for peHUB Across America II: Denver, San Francisco & Seattle.