peHUB First Read

* Mark Zuckerberg: Answering privacy concerns

* The best industries for launching a startup in 2010

* Bill Burnham has some ideas on how VCs will work around the new carried interest tax (be sure to read the comments — some good back-and-forth about VC lobbying strategy mistakes).

* John Carney points out that the revised financial reform bill exempts PE firms from fund registration (original version only excluded VC funds). Not sure I think it’s as “big” a victory as does Carney, but a victory nonetheless.

* Morning Call: U.S. futures point lower, London falls early, European shares retreat, the Nikkei keeps dropping and China shares slip.

* Debt covenants keep getting weaker

* Toni Schneider: In praise of continuous deployment

* A Chinese mega-buyout fund? Fred Hu aims for $10 billion

* Hey Chicago: Get your tickets to the peHUB Shindig on June 16

* Richard Florida: Startups surge in the Great Reset

* The Feds approve Google-AdMob. Am I the only one who thinks that AdMob’s VCs privately wish the deal had been scuttled? After all, a $700m breakup fee + AdMob (IPO candidate?) would have been more lucrative than $750m sale – AdMob. Right? 

* Spirited carried interest debate with Tony Fratto, Greg Valliere and John Harwood: